Overview
- In a Truth Social post, President Trump said a payment of at least $2,000 per person would go to most Americans, excluding high earners.
- Treasury Secretary Scott Bessent said he had not discussed the plan with the president and suggested the benefit could instead reflect tax changes such as no tax on tips, overtime, or Social Security.
- Treasury data show roughly $195 billion in tariff revenue through September, while Tax Foundation estimates put the cost of $2,000 payments to about 150 million people near $300 billion, with net tariff receipts likely far lower.
- Any direct-payment program would likely require congressional approval, and a related $600 rebate proposal from Sen. Josh Hawley has not advanced.
- The Supreme Court recently questioned the legality of the administration’s sweeping tariffs, and an adverse ruling could force refunds that reduce available revenue for any payouts.