For more, let's bring in Joe Leavia, counselor to the secretary of the Treasury Department. Joe, great to have you with us. Would you do you agree with that sentiment.>> I do. I mean, the thing is the GDP numbers, which we could get into, were fantastic, was all private sector led, but what struck me, Melissa, is the profound weakness in the interests sectors of the economy such as structures and residential. Structures, which are factories, by the way, they'll get a huge lift with the tax bill.uh 2026 shou ...

Core Points - President Trump has proposed direct payments of $2000 to low- and middle-income households, suggesting that funding would primarily come from tariff revenues [1] - The proposal is seen as an attempt to regain political momentum on economic issues ahead of the midterm elections, amid rising inflation and living costs [1] - There is a general reluctance among Republicans regarding the proposal, with many preferring to use tariff revenues to reduce federal deficits rather than stimulate consumer spending [1][2] Group 1 - The conservative Tax Foundation estimates that the proposed tariff policies could generate $158 billion in revenue by 2025 and over $2.3 trillion over the next decade [1] - Republican lawmakers, including Rep. Blake Moore and Sen. Tom Tillis, express concerns that using tariff revenues for direct payments contradicts initial intentions of using them to reduce debt [2] - Concerns are raised about the potential inflationary impact of large direct payments, as previous stimulus measures have been linked to rising prices [2][3] Group 2 - The estimated cost of providing $2000 payments to middle-income families ranges from $280 billion to $607 billion, significantly exceeding projected tariff revenue [3] - There is uncertainty regarding the legal authority of some tariffs imposed during Trump's presidency, which could further complicate revenue projections [3]