Everyone is getting the money, except the rich, he said.
By Catholics for Catholics
How does a cool $2000 check in the mail sound like?
President Donald Trump promised Sunday that money to every American, with the exclusion of affluent people. Each individual will get at least $2,000 from the tariff revenue collected by his administration, according to The Washington Times.
“A dividend of at least $2000 a person (not including high-income people!) will be paid to revenue,” Trump posted on social media.
The president added that people who argue with tariffs are “fools.”
“We are now the richest, most respected country in the world with almost no inflation and a record stock market price. 401Ks are the highest ever. We are taking in trillions of dollars and will soon begin paying down our enormous debt, $37 trillion. Record investment in the USA, plants and factories going up all over the place,” he posted.
The President did not offer specifics on his plan or gave out details on how the tariff revenue would be dispersed to the public.
Still, Congress would need to pass Trump’s pitch. Sen. Josh Hawley, a Missouri Republican, has introduced this year legislation that would allot $600 tariff rebates to nearly all American adults and their children.
“My legislation would allow hard-working Americans to benefit from the wealth that Trump’s tariffs are returning to this country,” Hawley said, promoting the bill this summer.
According to The Washington Times, Treasury Secretary Scott Bessent told CNBC this summer that the Trump administration’s top priority for the tariff revenue is paying down the national debt, which totals $38.12 trillion.
Defending his tariffs, Trump also carped the Supreme Court, which seemed skeptical of his tariff plan during oral arguments last week. The justices are currently pondering whether the president has the authority to overhaul trade and tax imports without the consent of Congress.
“So, let’s get this straight? The president of the United States is allowed (and fully approved by Congress) to stop all trade with a foreign country (which is far more onerous than a tariff) and license a foreign country, but it is not allowed to put a simple tariff on a foreign country, even for the purposes of national security,” Mr. Trump posted on Truth Social.
“That is not what our great founders had in mind. The whole thing is ridiculous! Other countries can tariff us, but we can’t tariff them? It is their dream. Businesses are pouring into the USA only because of tariffs. Has the United States Supreme Court not been told this? What the hell is going on?” he posted.
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