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

Pentagon to build new task force to counter drone threats

Pentagon to build new task force to counter drone threats

By Brett RowlandThe Center Square The Pentagon is creating a new task force to counter drone threats and keep U.S. airspace safe. Defense Secretary Pete Hegseth said the Department of...
Whisk + Lollies Logo

Bakery and confectionery a big hit in Casey

Pictured are (from left): sisters Carlene Richardson and Natasha Hickox were special guests of Rotarian Chris Snedeker at the Aug. 26 meeting of Casey Rotary. The...
'Horrendous' religious freedom violation leads to payout by Chicago Public Schools

‘Horrendous’ religious freedom violation leads to payout by Chicago Public Schools

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – A court-approved settlement of over $2.6 million is being paid to 207 former Chicago Public School students...
Extended Secret Service protection canceled for Kamala Harris

Extended Secret Service protection canceled for Kamala Harris

By Sarah Roderick-FitchThe Center Square More than seven months after leaving office, President Donald Trump is revoking the taxpayer-funded Secret Service protection detail of former Vice President Kamala Harris. Former...
Du Quoin State Fair gets $50M as senator defends two state fairs in Illinois

Du Quoin State Fair gets $50M as senator defends two state fairs in Illinois

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – The Du Quoin State Fairgrounds have received over $50 million in upgrades, part of Gov. J.B....
WATCH: Pritzker alleges Trump election interference; tells disgruntled residents to move

WATCH: Pritzker alleges Trump election interference; tells disgruntled residents to move

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 shares where there...
Illinois quick hits: Foreign national indicted for fraud; Chicago Public Schools budget approved

Illinois quick hits: Foreign national indicted for fraud; Chicago Public Schools budget approved

By Jim Talamonti | The Center SquareThe Center Square Foreign national indicted for fraud A foreign national has been indicted in U.S. District Court in Chicago for allegedly defrauding numerous...
CA Supreme Court rejects GOP bid to stop redistricting

CA Supreme Court rejects GOP bid to stop redistricting

By Dave MasonThe Center Square The California Supreme Court rejected an emergency Republican petition to take congressional redistricting off the Nov. 4 ballot. "The petition for writ of mandate and...
Lawsuit links CA teen's suicide to artificial intelligence

Lawsuit links CA teen’s suicide to artificial intelligence

By Esther WickhamThe Center Square The parents of a California teenager who committed suicide sued OpenAI, alleging that ChatGPT taught him how to harm himself, according to a lawsuit the...
HHS, Department of Education announce nutrition reforms

HHS, Department of Education announce nutrition reforms

By Esther WickhamThe Center Square The U.S. Department of Health and Human Services, along with the U.S. Department of Education, announced this week an initiative urging medical education organizations to...
White House appoints interim CDC director; standoff continues with former director

White House appoints interim CDC director; standoff continues with former director

By Morgan SweeneyThe Center Square The White House has appointed Department of Health and Human Services Deputy Secretary Jim O’Neill as interim director for the Centers for Disease Control and...
WATCH: Pritzker claims Trump plans election interference with troop deployment

WATCH: Pritzker claims Trump plans election interference with troop deployment

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Illinois Gov. J.B. Pritzker says President Donald Trump only wants troops on the ground to interfere in...
Plaintiffs take Cook County gun ban challenge to SCOTUS

Plaintiffs take Cook County gun ban challenge to SCOTUS

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Plaintiffs challenging Cook County’s ban on semi-automatic firearms are asking the U.S. Supreme Court to take the...
Illinois quick hits: $1.57B return on investments; solar-powered manufacturer cuts ribbon

Illinois quick hits: $1.57B return on investments; solar-powered manufacturer cuts ribbon

By Jim Talamonti | The Center SquareThe Center Square $1.57B return on investments Illinois Treasurer Michael Frerichs says his office made a record $1.57 billion in investment earnings from the...
Report: Illinois U.S. Rep faces minimal penalty after disclosure violations

Report: Illinois U.S. Rep faces minimal penalty after disclosure violations

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – According to a new report, Illinois U.S. Rep. Jonathan Jackson has violated federal law by making late...