President Donald Trump has proposed using tariff revenue to provide $2,000 per person to everyone except the highest-income earners, but Republicans are responding lukewarmly.
The Wall Street Journal (WSJ) and other outlets reported on the 19th that Republican lawmakers remain lukewarm to President Trump’s “$2,000 dividend” plan.
With the national debt soaring to record highs, there’s a widespread belief within the GOP that tariff revenue should be used to reduce the deficit or expand the health safety net.
President Trump’s tariff dividend plan is aimed at next year’s midterm elections. However, there are significant concerns within the Republican Party, which controls Congress, that the cash injection, as it did during the COVID-19 pandemic, could lead to inflation.
The White House has been exploring various ways to utilize the increased tariff revenue.
While the White House plans to submit a tariff plan for congressional approval, it has yet to present a detailed plan to the Republicans.