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Trump vows to give two thousand dollars "tariff dividend" to Americans
(MENAFN) US President Donald Trump has pledged that each eligible American will receive a $2,000 dividend funded by revenue generated from his tariff policies, though the legality of the plan is currently under review by the Supreme Court.
Over the past year, Trump has implemented multiple waves of tariffs on imports from US trade partners, citing what he described as unfair trade imbalances. Critics argue the tariffs have increased costs for US consumers.
“People that are against Tariffs are FOOLS!” Trump wrote on Truth Social on Sunday, asserting that the tariffs are contributing “trillions of dollars” to the federal budget and will help reduce the nation’s $37 trillion debt. “A dividend of at least $2,000 a person (not including high-income people!) will be paid to everyone,” he added.
US Treasury Secretary Scott Bessent told reporters that the tariff dividend could take “lots of forms,” including tax breaks.
The tariff program is currently being challenged in the Supreme Court by several states and small businesses. At a recent Oval Office briefing, Trump responded to a judge’s comment that tariffs are effectively taxes paid by the public: “I don’t agree. I think that they might be paying something... But when you take the overall impact, Americans are gaining tremendously.”
Trump warned that a Supreme Court ruling against the policy would be “devastating for our country,” adding, “I also think that we’ll have to develop a ‘game two’ plan.”
Over the past year, Trump has implemented multiple waves of tariffs on imports from US trade partners, citing what he described as unfair trade imbalances. Critics argue the tariffs have increased costs for US consumers.
“People that are against Tariffs are FOOLS!” Trump wrote on Truth Social on Sunday, asserting that the tariffs are contributing “trillions of dollars” to the federal budget and will help reduce the nation’s $37 trillion debt. “A dividend of at least $2,000 a person (not including high-income people!) will be paid to everyone,” he added.
US Treasury Secretary Scott Bessent told reporters that the tariff dividend could take “lots of forms,” including tax breaks.
The tariff program is currently being challenged in the Supreme Court by several states and small businesses. At a recent Oval Office briefing, Trump responded to a judge’s comment that tariffs are effectively taxes paid by the public: “I don’t agree. I think that they might be paying something... But when you take the overall impact, Americans are gaining tremendously.”
Trump warned that a Supreme Court ruling against the policy would be “devastating for our country,” adding, “I also think that we’ll have to develop a ‘game two’ plan.”
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