President Donald Trump announced plans to pay $2,000 stimulus checks, coming from U.S. tariff revenues, to all Americans, except for “high income people.”
“A dividend of at least $2,000 a person (not including high income people!) will be paid to everyone,” Trump wrote in a Truth Social post Sunday morning.
Trump also called tariff critics “fools” as he says the U.S. is taking in “trillions of dollars.”
“We are now the Richest, Most Respected Country In the World, With Almost No Inflation, and A Record Stock Market Price. We are taking in Trillions of Dollars and will soon begin paying down our ENORMOUS DEBT, $37 Trillion. Record Investment in the USA, plants and factories going up all over the place,” he wrote.
The Supreme Court is presently reviewing the lawfulness of Trump’s expansive tariffs, which he has defended under the 1977 International Emergency Economic Powers Act. Lower courts already deemed many of Trump’s tariffs unlawful.
In an October interview with One America News Network, Trump introduced the idea of paying Americans $1,000 to $2,000.
“We also might make a distribution to the people, almost like a dividend to the people of America,” Trump said. “We’re thinking maybe $1,000 to $2,000 would be great.”
With the government shutdown now being the longest one ever, “affordability” being the key word in last Tuesday’s elections, and the holidays rapidly approaching, a $2000 “dividend” would be politically well-timed for the president.
Trump did not say when a tariff dividend would be distributed. According to The Hill, “Such a proposal would likely need to be passed by Congress.”
