Trump says $2,000 tariff rebate checks won't come before Christmas

Trump says $2,000 tariff rebate checks won’t come before Christmas

Spread the love

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.

Leave a Comment





Latest News Stories

MH VB 6-3

Kelly Gibbons Named Chairperson of Manhattan Planning and Zoning Commission

The Manhattan Village Board appointed Kelly Gibbons as chairperson of the Planning and Zoning Commission for a two-year term running through May 1, 2027. Gibbons, who already serves as a...
County-Board-Room

County Authorizes Condemnation for Francis Road Project

The committee authorized the State's Attorney's Office to proceed with condemnation cases for right-of-way acquisition needed for Francis Road improvements between Gougar Road and Interstate 80. Eight property parcels are...
will-county-board

Solar Farm Access Approved for Manhattan-Arsenal Road

The committee granted access approval for a solar farm development on Manhattan-Arsenal Road approximately 1,000 feet east of Cherry Hill Road. The MCH Solar 1 project, developed by Soltage LLC,...
will-county-board.3

Will County Finance Committee Meeting Briefs

Budget Transfers Approved: The Finance Committee approved transferring $18,643 within the Supervisor of Assessments budget to move funds from software licensing to computer hardware purchases. Animal Protection Services Funding: Committee...
will-county-board.2

Public Works Committee Briefs

Major Projects Update: Construction continues on several major projects including the 80th Avenue expressway overpass, Laraway Road widening near Cedar Road, and Bell Road improvements. The Bell Road project at...
will-county-board

Capital Improvements & IT Committee Briefs

Bed donation program: Will County donated old beds from Sunny Hill Nursing Home to Joliet Junior College and Project Cure after the nursing home received all new beds for residents....
Meeting Briefs

Manhattan Village Board Briefs

Banks Farm Development: The village board approved six separate resolutions demanding payment on letters of credit for various phases of the Banks Farm Development Villas of Prairie Trails project, covering...
Frankfort-Village-Board-Meeting-Graphic

Frankfort Board Approves New Wendy’s on Route 30 With Numerous Modifications

A new Wendy's restaurant is set to be built at the northwest corner of U.S. Route 30 and Frankfort Square Road after the Frankfort Village Board unanimously approved the project...
Frankfort-Village-Board-Meeting-Graphic

Historic Downtown Frankfort Property Granted Deck and Patio Variances

The owners of a historic mixed-use building in downtown Frankfort have received approval for six zoning variances to construct a new paver patio and a second-floor rear deck. The Frankfort...
MH 114 June 2

Manhattan School Board Approves Staff Changes, Healthcare Extension in Special Session

Manhattan School District 114's Board of Education approved several personnel changes and a healthcare extension during a special meeting Monday evening, conducting most of its business in closed session. The...
Frankfort-Village-Board-Meeting-Graphic

Frankfort Approves $1.3 Million in Bills, Including Annual Insurance Payment

The Frankfort Village Board authorized over $1.3 million in payments at its meeting Monday, with nearly half of the total amount covering the village's annual insurance premiums. Trustees unanimously approved...
Meeting Briefs

School District 114 June 2 Meeting Briefs

Staff Departures: Manhattan School District 114 accepted the resignations of Emily Corcoran and Caroline Pesa-Miller, both effective at the end of the 2025 school year. The board approved both resignations...
Meeting Briefs

Meeting Briefs: Frankfort Village Board for June 2, 2025

Wendy's Project Approved with Multiple Variances: The Village Board gave final approval for a new Wendy's restaurant at U.S. Route 30 and Frankfort Square Road. The project required a major change...
frankfort-park-district.1

Frankfort Park Board Holds Closed-Door Talks on Five Oaks HOA Dispute

The Frankfort Park District Board of Commissioners entered into a closed executive session on Tuesday, May 27, to discuss pending litigation concerning the Five Oaks Park parcel, signaling a deepening...
MH VB 5--22

Manhattan Board Changes Meeting Time, Limits Public Comment

Village moves to 5:30 p.m. start time and reduces speaking period from five to three minutes The Village of Manhattan Board of Trustees approved two ordinance changes Tuesday that will...