Trump says $2,000 tariff rebate checks won’t come before Christmas
Americans won’t get a $2,000 rebate check from the federal government before Christmas.
President Donald Trump said Friday that the proposed checks will not be distributed before the end of the year. Trump made the comments aboard Air Force One on his way to Mar-a-Lago, the president’s club in Palm Beach. It’s his 14th trip to Palm Beach this year.
Trump has proposed sending $2,000 checks to most Americans, excluding high earners. Earlier this week, Treasury Secretary Scott Bessent said no decision had been made on income limits. On the same day, the White House said it was “exploring all of its options” for sending tariff rebate checks even as the Supreme Court considers a legal challenge to the president’s tariffs.
Congress would need to authorize rebate checks, similar to those distributed during the COVID-19 pandemic.
Trump has addressed the issue of rebate checks multiple times this week.
“All money left over from the $2,000 payments made to low and middle income USA Citizens, from the massive Tariff Income pouring into our Country from foreign countries, which will be substantial, will be used to SUBSTANTIALLY PAY DOWN NATIONAL DEBT,” Trump wrote in a social media post earlier this week.
While Trump provided no details, early estimates suggest that the checks would cost more than the tariffs generate.
The Committee for a Responsible Federal Budget reported that if the payments were like the COVID-19 stimulus, the $2,000 dividend would cost about $600 billion – about twice what tariffs are expected to generate.
A Congressional Budget Office report from August estimated tariffs could bring in $4 trillion over the next decade. That CBO report came with caveats and noted that tariffs will raise consumer prices and reduce the purchasing power of U.S. families.
Latest News Stories
Everyday Economics: Why weak jobs data trumps inflation concerns for Fed policy
EXCLUSIVE: Secret Service spent $11 million on Hunter Biden travel detail
Proposed federal funding bill doles out nearly $16M for electric, hydrogen buses
WATCH: Democrats ‘hate’ Trump more than they ‘love’ their communities, Homan says
Bipartisan group of lawmakers aim to increase migrant physician jobs
WATCH: Border czar Homan considered turning Trump’s offer down
WATCH: DeSantis addresses State Freedom Caucus Foundation
Higher ed spending up as enrollment plummets at Illinois universities
World’s largest retailer struggles to keep costs down as tariffs hit
Northwestern president steps down amid federal funding cuts
Push to ban stock trading by Congress follows IL rep’s reported violations
Illinois quick hits: Giannoulias orders village to stop sharing data with CBP