Fiscal Policy & Government Spending - The prospect of $2,000 rebate checks from the president in the coming year is unlikely [1] - A similar tax rebate initiative during COVID, involving $1,500 per person and $500 per child, amounted to $292 billion [1] - Implementing $2,000 checks for everyone now is projected to cost upwards of $450 billion [2] Tariffs & Revenue - Tariffs have generated $89 billion in revenue under the AIPA statute this year [2] - Tariff revenue alone cannot cover the cost of the proposed rebate checks [2] Budget & Taxation - The president is expected to include the rebate proposal in the fiscal year 2026 budget, anticipated in February [2] - Funding the rebate checks would necessitate raising taxes elsewhere [2]

President Donald Trump said he is considering sending rebate checks to Americans using revenue from tariff increases his administration is imposing on US trading partners https://t.co/BsJhoESWAI ...