President Donald Trump has proposed distributing a $2,000 per person "tariff dividend" to American citizens, excluding high-income individuals. This proposal stems from revenue generated by tariffs, which are taxes on imports used to protect domestic industries. While Trump pitched this idea on social media, the distribution of federal funds requires congressional approval, which has not been secured.
The concept of government checks to citizens is not new, with previous examples including economic stimulus payments under Presidents George W. Bush and Joe Biden, as well as Trump himself. However, unlike those past programs, this proposed dividend is not tied to an economic emergency and would not be funded from general tax revenue. The Treasury Secretary has i... download the app to read more
YoyoFeed ! Follow top global news sources, read AI-powered summaries, ask AI your questions, translate news into your language, and join live chats — all with YoyoFeed!
