President Donald Trump reiterated on Tuesday during a Cabinet meeting that he is planning on sending out tariff-derived payments to Americans and stressed that income tax refunds will likely increase next year as White House officials pivoted to an affordability message.
“Next year is projected to be the largest tax refund season ever, and we’re going to give out refunds out of the tariffs,” he said at the White House. He said that along with “giving a nice dividend to the people,” there will be efforts to reduce the national debt with the revenues generated by the tariffs.
“We are going to be making a dividend to the people,” the president said, projecting higher revenues from the tariffs. “As time goes by … those numbers are going to go up.”
About a month ago, Trump floated the idea of providing $2,000 tariff-derived payments to low- or middle-income people, although Treasury Secretary Scott Bessent has said that it would require Congress to act. Some Republican lawmakers have signaled that they may not support the tariff-derived payments and said that revenues from the administration’s import taxes should go toward paying down the national debt.
In recent interviews, Sen. Ron Johnson (R-Wis.) and Rep. Greg Murphy (R-NC) signaled that Republicans may not be interested in sending dividends derived from the payments, with both saying that the funds should be used to pay off the U.S. national debt.
“The cost of those is going to be really astronomical,” Norman said in an interview with Fox News last week, responding to whether he supports the tariff dividends. “I think we need to worry about taking some of this money and actually paying down our debt.”
Source:
Liên Minh Bảo Hiến Mỹ Gốc Việt
Vietnamese American Conservative Alliance (VACA)
https://freedom-vaca.org/vaca-blog-tieng-viet-nam/