Overview
- Trump told reporters the payments would come “sometime next year,” confirming they will not be sent before Christmas.
- National Economic Council Director Kevin Hassett said tariff receipts could provide room for payments but emphasized that legislation is needed, as the White House says it is exploring legal options.
- The IRS confirmed no federal stimulus or tariff-rebate deposits are scheduled for November and warned the public to watch for phishing scams.
- Independent estimates from the Committee for a Responsible Federal Budget and the Tax Foundation put a single round near $600 billion, likely above tariff revenues and partly offset by higher consumer prices.
- The Supreme Court heard arguments questioning the administration’s tariff authority, and while a poll shows 71% support for the proposal, prediction markets assign low odds of checks going out in 2025.