Trump floats tariff dividend for middle and lower income Americans
The post Trump floats tariff dividend for middle and lower income Americans appeared on BitcoinEthereumNews.com. US President Donald Trump suggested that middle and lower-income Americans might receive some form of dividend from the tariff revenue. Until now, most US companies have shouldered the tariff cost burden rather than passing it on to consumers. But the latest inflation numbers suggest that might be starting to change, with the rise in consumer prices. Just before boarding Air Force One after leaving his golf club in New Jersey, Trump told reporters, “There could be a distribution or a dividend to the people of our country, I would say for people that would be middle-income people and lower-income people, we could do a dividend.” According to Treasury Secretary Scott Bessent, the tariffs have already brought in $100 billion for the US and could generate as much as $300 billion annually. Trump said they were considering rebate checks earlier Nearly two weeks ago, Trump said his administration was considering sending rebate checks to Americans, funded by tariff revenue. He mentioned that the payments might be targeted at “people of a certain income level,” though he didn’t specify the threshold. At the time, however, he emphasized that while the rebate plan was on the table, the administration’s top priority was reducing the national debt. Currently, the US federal debt stands at over $36 trillion, which analysts believe will only rise, especially due to the new tax cuts and spending package enacted by Trump on July 4. The Joint Committee on Taxation estimates that the Big Beautiful Bill Act could inject $3.4 trillion into the federal deficit in the next ten years. In February, Trump had initially floated the idea of rebate checks, noting that a portion—specifically 20%—of the savings generated by Elon Musk’s cost-cutting initiative, the Department of Government Efficiency (DOGE), could be used for direct taxpayer payments. However, to issue…
The post Trump floats tariff dividend for middle and lower income Americans appeared on BitcoinEthereumNews.com.
US President Donald Trump suggested that middle and lower-income Americans might receive some form of dividend from the tariff revenue. Until now, most US companies have shouldered the tariff cost burden rather than passing it on to consumers. But the latest inflation numbers suggest that might be starting to change, with the rise in consumer prices. Just before boarding Air Force One after leaving his golf club in New Jersey, Trump told reporters, “There could be a distribution or a dividend to the people of our country, I would say for people that would be middle-income people and lower-income people, we could do a dividend.” According to Treasury Secretary Scott Bessent, the tariffs have already brought in $100 billion for the US and could generate as much as $300 billion annually. Trump said they were considering rebate checks earlier Nearly two weeks ago, Trump said his administration was considering sending rebate checks to Americans, funded by tariff revenue. He mentioned that the payments might be targeted at “people of a certain income level,” though he didn’t specify the threshold. At the time, however, he emphasized that while the rebate plan was on the table, the administration’s top priority was reducing the national debt. Currently, the US federal debt stands at over $36 trillion, which analysts believe will only rise, especially due to the new tax cuts and spending package enacted by Trump on July 4. The Joint Committee on Taxation estimates that the Big Beautiful Bill Act could inject $3.4 trillion into the federal deficit in the next ten years. In February, Trump had initially floated the idea of rebate checks, noting that a portion—specifically 20%—of the savings generated by Elon Musk’s cost-cutting initiative, the Department of Government Efficiency (DOGE), could be used for direct taxpayer payments. However, to issue…
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