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President Tr.u.m.p vowed to issue tariff dividends sometime before the 2026 midterms during an Oval Office event touting his administration’s work bringing the FIFA World Cup to the US.AP
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The president has repeatedly said that the tariffs are bringing in “trillions of dollars” to federal government coffers.CB
Around the same time, Tr.u.m.p wrote on Truth Social that “a dividend of at least $2000 a person (not including high income people!) will be paid to everyone.”
Bessent also floated a rough income limit of $100,000 that would disqualify higher income families from receiving the dividend.
“Everything is on the table. That would be for working families. We will have an income limit,” Bessent assured.
Tr.u.m.p and Bessent haven’t elaborated on any plans surrounding the dividends beyond the updated timeline.
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As of November, the debt has surpassed $38 trillion, according to the US Department of Treasury.REUTERS
The remittance would require approval from Congress, where even the president’s own Republican allies have expressed skepticism and encouraged Tr.u.m.p to focus on decreasing the federal budget deficit instead.
“It’ll never pass. We have a $37 trillion debt,” Republican Sen. Bernie Moreno of Ohio told reporters in July, according to Business Insider.
As of November, the debt has surpassed $38 trillion, according to the US Department of Treasury.
Tr.u.m.p originally announced his grand plan while the Supreme Court was hearing oral arguments on the legality of his sweeping tariffs against a majority of foreign countries – including some the US have rarely collaborated with.
The president has repeatedly said that the tariffs are bringing in “trillions of dollars” to federal government coffers.
If the Supreme Court strike down Tr.u.m.p’s tariffs, his administration may have to provide refunds for the tarriffs the US has already collected.
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