President Trump Proposes $2,000 Tariff-Funded Dividend for Most Americans
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President Donald Trump has proposed distributing a $2,000 dividend to most Americans, funded by revenue from tariffs, excluding high-income individuals.
President Donald Trump announced on Sunday his intention to distribute a $2,000 dividend to most Americans, excluding high-income individuals, funded by revenue generated from tariffs.
Treasury Secretary Scott Bessent elaborated on the proposal, indicating that the dividend could be delivered through various means, including tax reductions.
Economists have raised concerns about the feasibility of the plan. Erica York, vice president of federal tax policy at the Tax Foundation, noted that paying $2,000 to approximately 150 million adults earning $100,000 or less would require roughly $300 billion in revenue. However, new tariffs have raised only $120 billion so far.
The proposal comes as the U.S. Supreme Court reviews the legality of the administration's use of the 1977 International Emergency Economic Powers Act to impose wide-ranging import duties. A ruling against the tariffs could necessitate refunds to businesses, potentially reducing the funds available for the proposed dividends.
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