Trump’s $2,000 Rebate Plan: Double the Cost of Tariff Revenue
President Trump’s plan to provide $2,000 rebate checks to Americans, funded by tariff revenue, is projected to cost $600 billion annually. This cost is double the estimated $300 billion in yearly revenue generated by the new tariffs. The Committee for a Responsible Federal Budget, a nonpartisan group, released these projections, which would increase deficits by $6 trillion over a decade if the checks were distributed annually. Furthermore, this plan faces potential obstacles, including a Supreme Court case that could invalidate the tariffs, and any distribution of these checks would require Congressional approval.
John Q. Hosedrinker