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- Oct 17, 2011
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Donald Trump Stimulus Check Update: White House ‘Committed’ on $2K Payments
He also spoke about it at the Oval Office on Monday and said it would apply to "middle-income people and lower-income people," though he did not specify what that income threshold would be.Redistribution of wealth!
An analysis by the Committee for a Responsible Federal Budget (CRFB) estimated the cost of such rebate checks at $600 billion annually, which is double the total annual revenue projected from new tariffs in 2025. The CRFB warned that this could add $6 trillion to the national deficit over a decade if continued annually.
“Like so many Trump statements, the promise of $2,000 tariff rebate checks was so broadly phrased as to be hard to assess," Calvin Jillson, a politics professor at Southern Methodist University, told Newsweek. "He certainly could not have meant a $2,000 check to every American, even every American adult or every taxpayer, as these would cost several times what the tariffs have brought in. Expect a much scaled-down version of the initial broad promise.”
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