Overview
- Pressed by reporters, the president said the proposed payments will not come before Christmas and suggested timing sometime next year if they happen.
- The IRS and fact-checkers say no federal stimulus deposits are scheduled for November, and officials warn that viral “stimulus alerts” seeking personal information are scams.
- Senior aides say new legislation would be required, with the White House studying delivery methods and possible income limits around $100,000.
- Independent analyses estimate each round could cost roughly $300 billion to $600 billion depending on eligibility, exceeding recent tariff receipts of about $195 billion in FY2025 and projections near $300 billion in 2026.
- A pending Supreme Court ruling on the administration’s tariff authority could reduce or erase the revenue base, even as a new poll shows broad voter support for the concept but skepticism it will be paid.