The nonpartisan nonprofit Committee for a Responsible Federal Budget released cost projections after Trump pitched his idea this weekend.
Donald Trump’s proposal to send Americans $2,000 rebate checks from money collected through his tariffs is projected to cost $600 billion a year ‒ about double what the United States is expected to generate from the new duties on imports.
The Committee for a Responsible Federal Budget, a nonpartisan nonprofit that studies fiscal policy, released the projections on Nov. 10 after Trump over the weekend pitched his idea on Truth Social. The president touted “taking in Trillions of Dollars” and said, “A dividend of at least $2000 a person (not including high income people!) will be paid to everyone.”
Casual way of telling us he’s taxed us $1k more already while cutting services and still inflating the debt and the dollar.
Amazing, Republicans are so good at economics.
And that’s only on the tariffs themselves. Prices go up even higher because corporations need to maintain profit margins even if the base costs increase due to tariffs.
FTFY