Trump: Americans to receive $2,000 each from tariff revenue

Spread the love

President Donald Trump on Sunday said every American with the exception of the wealthy will receive $2,000 from the revenue the U.S. has collected from tariffs.

“A dividend of at least $2000 a person (not including high-income people!) will be paid to revenue,” Trump posted on Truth Social. He did not say when or how the tariff revenue would be distributed.

“We are now the richest, most respected country in the world with almost no inflation and a record stock market price. 401Ks are highest ever,” Trump wrote. “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.”

Trump has said he wants to use tariffs to restore manufacturing jobs lost to lower-wage countries in decades past, shift the tax burden away from U.S. families and pay down the national debt. Economists, businesses and some public companies have warned that tariffs will raise prices on a wide range of consumer products.

Trump’s Liberation Day tariffs have been challenged in federal courts as unconstitutional by some business groups and Blue states, who argue that only Congress has the authority to enact tariffs. The U.S. Supreme Court last week heard oral arguments in a consolidated case challenging the tariffs.

Even some of the court’s conservative justices seemed skeptical of Trump’s authority to issue sweeping tariffs. Trump addressed that skepticism in his social media post.

“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,” he wrote. “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???”

The Center Square’s Brett Rowland contributed to this report.

Leave a Comment





Latest News Stories

Vance optimistic with Gaza peace plan; reiterates no U.S. troops to be on the ground

Vance optimistic with Gaza peace plan; reiterates no U.S. troops to be on the ground

By Sarah Roderick-FitchThe Center Square No U.S. troops will be on the ground in Gaza, Vice President JD Vance reassured Americans during a visit to Israel on Tuesday. “There are...
Poll: Majority of Americans do not support National Guard to deter crime

Poll: Majority of Americans do not support National Guard to deter crime

By Andrew RiceThe Center Square As President Donald Trump continues to deploy troops into American cities in an effort to reduce crime, more than half of Americans said they do...
‘Legal minefield:’ Biometrics reforms needed to keep IL tech biz growing

‘Legal minefield:’ Biometrics reforms needed to keep IL tech biz growing

By Jonathan Bilyk | Legal NewslineThe Center Square For the past year, business leaders, attorneys and others in Illinois and beyond have watched to see how the courts and the...
Senior Fred Thomas delivers a game-changing play, sacking the Olney quarterback, stripping the ball, and making the recovery to give the Warriors possession in the second quarter.

Warriors Fall to Olney 28-27 in Heartbreaking Battle for Little Illini Title

Featured image caption: Senior Fred Thomas delivers a game-changing play, sacking the Olney quarterback, stripping the ball, and making the recovery to give the Warriors possession in the second quarter....
As military branches celebrate 250 years, Democrats vote against paying them

As military branches celebrate 250 years, Democrats vote against paying them

By Bethany BlankleyThe Center Square In addition to U.S. Senate Democrats voting 11 times to keep the government shut down, they’ve also voted against funding U.S. military personnel, many of...
Chicago transit violent crime at 7 year high, funding concerns persist

Chicago transit violent crime at 7 year high, funding concerns persist

By Glenn Minnis | The Center Square contributorThe Center Square (The Center Square) – With federal authorities now threatening to cut Chicago Transit Authority funding due to rising violence across...
WATCH: National Guard case before SCOTUS; Trump insists China soybean deal coming

WATCH: National Guard case before SCOTUS; Trump insists China soybean deal coming

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – In today's edition of Illinois in Focus Daily, The Center Square Editor Greg Bishop reviews the latest...
Illinois quick hits: Harvey furloughs some employees; lead poisoning prevention continues

Illinois quick hits: Harvey furloughs some employees; lead poisoning prevention continues

By Jim Talamonti | The Center SquareThe Center Square Harvey furloughs some employees The Chicago suburb of Harvey has furloughed 69 employees, including police and fire, after the city council...
Illinois quick hits: Filings made to SCOTUS in National Guard case; Chicago sued DHS

Illinois quick hits: Filings made to SCOTUS in National Guard case; Chicago sued DHS

By The Center SquareThe Center Square Filings made to SCOTUS in National Guard case Illinois asked the Supreme Court not to hear President Donald Trump's request to deploy the National...
Colorado Dems seek restoration of $600M in federal funds

Colorado Dems seek restoration of $600M in federal funds

By Elyse ApelThe Center Square Colorado Democrats joined together to sign a letter calling for the U.S. Department of Energy to restore over $600 million in funding for 38 Colorado-affiliated...
Senate Democrats block bill to end government shutdown for 11th time

Senate Democrats block bill to end government shutdown for 11th time

By Thérèse BoudreauxThe Center Square For the 11th time, U.S. Senate Democrats blocked legislation Monday evening to reopen and fund the federal government, indicating that Republicans’ strategy of waiting out...
WATCH: Eric Trump talks about his book at Reagan Library

WATCH: Eric Trump talks about his book at Reagan Library

By Dave MasonThe Center Square After almost a decade of politics, Eric Trump felt it was time to tell his family's story. President Donald Trump’s son accused Democrats and mainstream...
IL State rep: Grants are paying off in effort to combat auto thefts, carjackings

IL State rep: Grants are paying off in effort to combat auto thefts, carjackings

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – A bipartisan group of elected officials are applauding a new round of state grants to help police...
Illinois asks Supreme Court not to give Trump authority over National Guard

Illinois asks Supreme Court not to give Trump authority over National Guard

By Brett RowlandThe Center Square The state of Illinois asked the U.S. Supreme Court not to hear President Donald Trump's request to deploy the National Guard to Chicago amid a...
9th Circuit rules Trump can activate National Guard to protect ICE in Portland

9th Circuit rules Trump can activate National Guard to protect ICE in Portland

By Carleen JohnsonThe Center Square A three-judge panel of the U.S. Court of Appeals for the 9th Circuit on Monday overturned a temporary restraining order issued by a federal judge...