DHS is Doing Some Major Damage in Chicago
Where Is the 'Ceasefire Now' Crowd?
FBI Finally Cuts Ties With Leftist Hate Groups
Of Course the Democrats Are Lying About Funding Illegals
Trump Just Issued a Final Warning to Hamas
Metropolitan Police Accidentally Shot Victims of the Manchester Yom Kippur Terror Attack
Conservatives Not Welcome: Tone Deaf Celebs Resurrect Commie-Defending Committee for the F...
DOJ to Launch Full Investigation Into the Portland Police Bureau Following Arrest of...
It's Time to Ask Why Portland Police Are So Soft on Antifa
Sen. Bernie Moreno Introduces Legislation to Tax Congress During Shutdowns
Has Anyone Asked the Archbishop If She Believes in God?
When the Radicals Run the Show
Giuliani Allies Rally Around Cuomo in High-Stakes NYC Mayoral Race
Maryland Educator Caught Assaulting Conservative Activist on Camera in Washington DC
Tipsheet

Trump Still Weighing $2,000 Rebate As He Calls Debt 'Very Little' Under Tariff Boom

AP Photo/Seth Wenig

President Trump announced on Thursday that he is still weighing a plan to send every American a $2,000 check, funded by the surge in government revenue from his sweeping “Liberation Day” tariffs. 

Advertisement

“They’re just starting to kick in,” Trump said about the tariffs in an interview with One America News Network, “but ultimately, your tariffs are going to be over a trillion dollars a year.” 

This year, the federal government has collected around $214.9 billion in tariff revenue, according to data from the Treasury Department. In September alone, the United States took in approximately $31.3 billion, which was about $75 million lower than the revenue from August.

“Number one, we’re paying down debt,” Trump continued, “because people have allowed the debt to go crazy.” 

President Trump argued that the $37 trillion in national debt is actually “very little, relatively speaking” because he believes the tariff revenue alone will be enough to begin paying it down. 

“With that being said, we’ll pay back debt, but we also might make a distribution to the people,” Trump said, describing his plan as “a dividend to the people of America.” 

Advertisement

“We’re thinking maybe $1,000 to $2,000 — it would be great.” 

Any rebate to the American people taken out of the tariff revenu would require Congressional approval. 

Treasury Secretary Scott Bessent has said he expects the U.S. to collect around $300 billion in tariff revenue by the end of the year.  

This comes as the Supreme Court is expected to hear oral arguments on the constitutionality of the tariffs in the first week of November. In August, the US Court of Appeals for the Federal Circuit ruled the President's unilateral implementation of tariffs on countries around the world unconstitutional, as the power over trade is allotted to Congress in Article I of the United States Constitution.

Editor’s Note: The Schumer Shutdown is here. Rather than put the American people first, Chuck Schumer and the radical Democrats forced a government shutdown for healthcare for illegals. They own this.

Help us continue to report the truth about the Schumer Shutdown. Use promo code POTUS47 to get 74% off your VIP membership.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement