Overview
- Trump told reporters Monday the payouts would come “probably the middle of next year, a little bit later than that,” aimed at moderate- and middle‑income Americans.
- Treasury Secretary Scott Bessent said the plan needs legislation, signaled an income cap for eligibility, and floated alternatives such as delivery through tax relief on tips, overtime and Social Security.
- The Supreme Court is reviewing the president’s tariff authority, a ruling that could cut off or even reverse the revenue underpinning the proposal.
- Treasury data show tariff receipts jumped to roughly $215 billion in fiscal 2025, yet independent estimates say $2,000 payments even with limits could cost $300 billion or more, raising deficit and inflation concerns.
- Capitol Hill’s path remains unclear: Sen. Josh Hawley has a rebate bill on the table, Sen. Katie Britt voiced interest, and House Majority Leader Steve Scalise called for a closer accounting of tariff revenues.