{"id":385025,"date":"2025-11-17T10:51:13","date_gmt":"2025-11-17T10:51:13","guid":{"rendered":"https:\/\/www.europesays.com\/us\/385025\/"},"modified":"2025-11-17T10:51:13","modified_gmt":"2025-11-17T10:51:13","slug":"bessent-says-trumps-2000-checks-would-need-congressional-vote","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/385025\/","title":{"rendered":"Bessent says Trump’s $2,000 checks would need congressional vote"},"content":{"rendered":"

Treasury Secretary Scott Bessent said President Donald Trump\u2019s proposal to send $2,000 \u201cdividend\u201d payments from tariffs to US citizens would require congressional approval. \u00a0<\/p>\n

\u201cWe will see,\u201d Bessent said on Fox<\/a> News\u2019\u00a0Sunday Morning Futures. \u201cWe need legislation for that.\u201d<\/p>\n

Trump, who has touted the billions raised in US tariff revenue this year, has talked about the checks as public frustration mounts over the cost of living. Speaking to reporters on Air Force One on Friday, Trump said the checks would go out sometime next year to \u201ceverybody but the rich.\u201d<\/p>\n

\u201cIt\u2019s a lot of money,\u201d he said. \u201cBut we\u2019ve taken in a lot of money from tariffs. The tariffs allow us to give a dividend.\u201d He added that \u201cwe\u2019re also going to be reducing debt.\u201d\u00a0<\/p>\n

Read More:\u00a0Trump\u2019s $2,000 Tariff \u2018Dividend\u2019 Marks Throwback to Covid Checks<\/a><\/p>\n

The plan could cost the US government double what it\u2019s projected to take in for 2025, according to one estimate. The Committee for a Responsible Federal Budget, a centrist watchdog group, estimated a preliminary $600 billion cost for the proposal, if the dividends were designed along the lines of government stimulus payments during the Covid pandemic.\u00a0<\/p>\n

Net US tariff revenue for the fiscal year through September totaled\u00a0$195 billion<\/a>\u00a0and many economists have penciled in about $300 billion for calendar-year 2025.<\/p>\n

Bessent said Americans should start feeling more economic relief in the beginning of next year, citing the tax cuts in Trump\u2019s signature policy bill passed earlier this year.\u00a0<\/p>\n

\u201cSo I would expect in the first two quarters we are going to see the inflation curve bend down and the real income curve substantially accelerate,\u201d he said. \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Treasury Secretary Scott Bessent said President Donald Trump\u2019s proposal to send $2,000 \u201cdividend\u201d payments from tariffs to US…\n","protected":false},"author":3,"featured_media":385026,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,3],"tags":[327,69,50,4053,67,132,68],"class_list":{"0":"post-385025","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"category-us","9":"tag-congress","10":"tag-donald-trump","11":"tag-news","12":"tag-tariffs-and-trade","13":"tag-united-states","14":"tag-unitedstates","15":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115564660964711294","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/385025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=385025"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/385025\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/385026"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=385025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=385025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=385025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}