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

Illinois law mandates pharmacies to sell needles, sparking safety debate

Illinois law mandates pharmacies to sell needles, sparking safety debate

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – The Illinois Governor has signed House Bill 2589, which requires pharmacists to sell sterile hypodermic needles...
Report warns U.S. national debt predicted to pass $53 trillion by 2035

Report warns U.S. national debt predicted to pass $53 trillion by 2035

By Thérèse BoudreauxThe Center Square By fiscal year 2035, the national debt is set to surpass $53 trillion, or 120% of the nation’s Gross Domestic Product, according to a new...
Courts remain firm against unsealing grand jury records from Epstein trial

Courts remain firm against unsealing grand jury records from Epstein trial

By Thérèse BoudreauxThe Center Square A second federal judge has denied the Trump administration’s request to unseal grand jury material from convicted sex offender Jeffrey Epstein’s 2019 trial. New York-based...
White House TikTok garners 1.3 million views in 24 hours

White House TikTok garners 1.3 million views in 24 hours

By Morgan SweeneyThe Center Square Within 24 hours of its debut, the first video posted to the new White House TikTok account has racked up more than 1.3 million views....
Newsom responds to Bondi's letter on sanctuary policies

Newsom responds to Bondi’s letter on sanctuary policies

By Jamie ParsonsThe Center Square Editor's note: This story has been updated since its initial publication to include additional comments from the U.S. Department of Justice. After California received a...
U.S., NATO military officials discuss Ukraine security guarantees

U.S., NATO military officials discuss Ukraine security guarantees

By Caroline BodaThe Center Square U.S. military leaders met with NATO defense chiefs on Wednesday to iron out details of security protections for Ukraine as part of a potential peace...
Illinois quick hits: Governor bans school fines; Target fires hundreds over fraud

Illinois quick hits: Governor bans school fines; Target fires hundreds over fraud

By Jim Talamonti | The Center SquareThe Center Square Governor bans school fines Gov. J.B. Pritzker has signed legislation that bans schools from issuing fines or citations to students for...
Industry advocates: More state regulation will drive insurance rates higher

Industry advocates: More state regulation will drive insurance rates higher

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Insurance industry leaders are advising Illinois lawmakers that state regulation of rates will lead to higher costs...
Lawmakers, policy groups react to social media warning suit

Lawmakers, policy groups react to social media warning suit

By Elyse ApelThe Center Square Bill sponsors and public interest groups have been quick to respond to a lawsuit filed last week against Colorado, challenging a new law that would...
From Mexico to Knoxville, five cartel leaders wanted in drugs, weapons conspiracy

From Mexico to Knoxville, five cartel leaders wanted in drugs, weapons conspiracy

By Bethany BlankleyThe Center Square Despite many arguing the border crisis is over because illegal entries at the southwest border have dropped to their lowest level in recorded history, border-related...
Trump administration pushes to remove noncitizen Medicaid enrollees

Trump administration pushes to remove noncitizen Medicaid enrollees

By Andrew RiceThe Center Square The Trump administration is cracking down on noncitizens receiving Medicaid and Children’s Health Insurance Program benefits, according to the Centers for Medicare and Medicaid Services....
Casey Meeting Aug 18.2

“Candy Canes on Main” Gets Green Light for Parade, Donation

Editor's Note: Casey Local incorrectly reported that council members approved a Beer Garden. However, the Beer Garden was only discussed and was not approved for Candy Canes on Main. Article...
Public education budgets balloon while enrollment, proficiency, standards drop

Public education budgets balloon while enrollment, proficiency, standards drop

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – In return for soaring state spending on education, Illinois taxpayers are getting chronic absenteeism, poor academic proficiency...
Illinois news in brief: Cook County evaluates storm, flood damage; Giannoulias pushes for state regulation of auto insurance; State seeks seasonal snow plow drivers

Illinois news in brief: Cook County evaluates storm, flood damage; Giannoulias pushes for state regulation of auto insurance; State seeks seasonal snow plow drivers

By Jim Talamonti | The Center SquareThe Center Square Cook County evaluates storm, flood damage The Cook County Department of Emergency Management and Regional Security is reviewing damage from the...
Governor defends mental health mandate, rejects parental consent plan

Governor defends mental health mandate, rejects parental consent plan

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – U.S. Rep. Mary Miller, who represents the 15th Congressional district in southeastern Illinois, is reintroducing legislation...