Trump says $2,000 tariff rebate checks won’t come before Christmas

Spread the love

Americans won’t get a $2,000 rebate check from the federal government before Christmas.

President Donald Trump said Friday that the proposed checks will not be distributed before the end of the year. Trump made the comments aboard Air Force One on his way to Mar-a-Lago, the president’s club in Palm Beach. It’s his 14th trip to Palm Beach this year.

Trump has proposed sending $2,000 checks to most Americans, excluding high earners. Earlier this week, Treasury Secretary Scott Bessent said no decision had been made on income limits. On the same day, the White House said it was “exploring all of its options” for sending tariff rebate checks even as the Supreme Court considers a legal challenge to the president’s tariffs.

Congress would need to authorize rebate checks, similar to those distributed during the COVID-19 pandemic.

Trump has addressed the issue of rebate checks multiple times this week.

“All money left over from the $2,000 payments made to low and middle income USA Citizens, from the massive Tariff Income pouring into our Country from foreign countries, which will be substantial, will be used to SUBSTANTIALLY PAY DOWN NATIONAL DEBT,” Trump wrote in a social media post earlier this week.

While Trump provided no details, early estimates suggest that the checks would cost more than the tariffs generate.

The Committee for a Responsible Federal Budget reported that if the payments were like the COVID-19 stimulus, the $2,000 dividend would cost about $600 billion – about twice what tariffs are expected to generate.

A Congressional Budget Office report from August estimated tariffs could bring in $4 trillion over the next decade. That CBO report came with caveats and noted that tariffs will raise consumer prices and reduce the purchasing power of U.S. families.

Leave a Comment





Latest News Stories

Bipartisan lawmakers reintroduce DACA protections

Bipartisan lawmakers reintroduce DACA protections

By Andrew RiceThe Center Square A bipartisan, bicameral group of lawmakers has introduced legislation designed to prevent more than 250,000 people brought to the United States as children, or “Dreamers,”...
Routh guilty on all charges in plot to kill Trump

Routh guilty on all charges in plot to kill Trump

By Alan WootenThe Center Square Ryan Routh was found guilty of all charges in a plot to kill Donald Trump by a federal jury that needed little time to reach...
Trump, Zelenskyy meet as Russia accused of violating NATO nations' air space

Trump, Zelenskyy meet as Russia accused of violating NATO nations’ air space

By Morgan SweeneyThe Center Square In the wake of repeated drone incursions into European airspace, President Donald Trump met with Ukrainian President Volodymyr Zelenskyy while attending the 80th U.N. General...
WATCH: IL governor on photo with wanted suspect: 'No way to vet everybody'

WATCH: IL governor on photo with wanted suspect: ‘No way to vet everybody’

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Gov. J.B. Pritzker is defending the use of taxpayer dollars for community violence intervention, even after he...

Illinois quick hits: Constitutional amendment would guarantee parental rights

By The Center SquareThe Center Square Constitutional amendment would guarantee parental rights Illinois U.S. Rep. Mary Miller has filed a constitutional amendment to what her office says would permanently establish...
Oversight committee expands probe on 'politically motivated' debanking

Oversight committee expands probe on ‘politically motivated’ debanking

By Sarah Roderick-FitchThe Center Square As part of the investigation into possible “politically motivated discrimination” by the financial system during the Biden administration, the House Oversight Committee is expanding its...
'Brutal slog:' Government shutdown looms as bipartisan negotiations derail

‘Brutal slog:’ Government shutdown looms as bipartisan negotiations derail

By Thérèse BoudreauxThe Center Square Government funding negotiations came to a standstill Tuesday after President Donald Trump cancelled talks with Democratic congressional leaders, saying no meeting “could possibly be productive”...

WATCH: Republican leader: says Pritzker budget cut EO a ploy for IL tax increases

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Gov. J.B. Pritzker blames President Donald Trump for ordering Illinois state agencies to find 4% budget cuts....
Nebraska attorney general sues Lorex over Chinese surveillance concerns

Nebraska attorney general sues Lorex over Chinese surveillance concerns

By Tom JoyceThe Center Square Nebraska Attorney General Mike Hilgers filed a lawsuit Tuesday against home security camera company Lorex. He says the company misled consumers about the safety of...
Colorado pushes ahead on clean energy as EV funding returns

Colorado pushes ahead on clean energy as EV funding returns

By Elyse ApelThe Center Square Colorado is once again set to receive $57 million in federal monies as part of the National Electric Vehicle Infrastructure Grant program. This comes after...
Trump lectures UN, Western Europe for policy failures

Trump lectures UN, Western Europe for policy failures

By Morgan SweeneyThe Center Square In a fiery address to the U.N. General Assembly at its 80th session in New York City, President Donald Trump outlined his position and priorities...
Arizonans vote on successor to U.S. Rep. Raúl Grijalva

Arizonans vote on successor to U.S. Rep. Raúl Grijalva

By Zachery SchmidtThe Center Square Arizonans cast ballots Tuesday in a special election to select the next representative for the state’s 7th Congressional District. This seat opened after U.S. Rep....
Google says Biden admin 'pressed' it to censor some COVID-19 content

Google says Biden admin ‘pressed’ it to censor some COVID-19 content

By Thérèse BoudreauxThe Center Square Senior Biden administration officials pressured Google to remove COVID-19-related content that did not violate YouTube’s policies but the administration considered alarming, new information reveals. Following...
Judge’s questions during IL gun ban arguments gives rights advocates ‘hope’

Judge’s questions during IL gun ban arguments gives rights advocates ‘hope’

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – With Illinois’ gun ban now in the hands of a three judge panel of the federal appeals...
Illinois agencies to post monthly investment reports, lawmaker calls symbolic

Illinois agencies to post monthly investment reports, lawmaker calls symbolic

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – Illinois agencies must now post monthly reports on how taxpayer dollars are invested, a move supporters...