Overview
- The White House plans to submit a formal proposal in early 2026, according to National Economic Council Director Kevin Hassett.
- Treasury Secretary Scott Bessent said Congress must authorize any payments, with possible income limits such as a sub-$100,000 cutoff still undecided.
- The Tax Foundation and the Committee for a Responsible Federal Budget estimate the plan could cost roughly $280 billion to about $600 billion, outpacing projected tariff revenue.
- The Supreme Court is reviewing the administration’s tariff authority, a decision that could reduce available revenue or trigger refunds to importers.
- No payments are expected in 2025, with mid-2026 timing only possible if Congress acts, while a separate $1,776 'Warrior dividend' to service members has already been paid from Defense Department funds.