Trump Proposes $2,000 Tariff Dividend Through Tax Cuts

Former President Donald Trump has unveiled a plan to provide Americans with a $2,000 “dividend”, funded by revenue from recently imposed import tariffs. Treasury Secretary Scott Bessent suggested that the payments may not be direct checks, but rather delivered through tax cuts, potentially eliminating taxes on tips, overtime, and Social Security.

Trump emphasized that high-income individuals would not be eligible, though the exact income limits remain unspecified. The proposal is part of a broader tariff policy designed to address trade imbalances, with taxes ranging from 10% to 50% on most imports.

The plan faces legal scrutiny, as the Supreme Court reviews the legitimacy of the tariffs. Critics warn that tariffs can drive up consumer costs, while supporters view the dividend as a potential tool to reward taxpayers and reduce national debt.

The $2,000 dividend highlights a possible new approach to using trade revenue for domestic economic relief, though its implementation depends on political and legal developments in the coming months.