As the nation anticipates the Supreme Court’s decision on the legality of global tariffs imposed by President Donald Trump, the president has suggested a possible course of action with the revenue accrued. In a recent conversation with One America News, Trump indicated the potential of offering Americans a rebate, a dividend of sorts, sourced directly from these tariffs.
Trump stated that the tariffs have been successful in generating substantial revenue, enough to reduce the U.S. deficit significantly. When asked about the allocation of this additional influx, Trump responded, “With the kind of growth we have now, the debt is very low, relatively speaking. You grow yourself out of that debt. The numbers we have now are bigger than they ever were. We might also make a distribution to the people. We’re thinking almost $1,000 to $2,000.” Indeed, the prospect of such dividends was initially brought to light in February by businessman James Fishback, who suggested a 20% return on savings identified by Elon Musk’s Department of Government Efficiency (DOGE).
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It is important to note that any disbursement from the federal government would require the approval of Congress. House Speaker Mike Johnson, R-La., has already distanced himself from the proposal, indicating a potential hurdle in its realization.
The Supreme Court is scheduled to hear oral arguments on November 5th regarding the legality of President Trump’s comprehensive global tariffs. This case presents a significant test of the president’s executive power, particularly in relation to his economic and trade policies. A lower court previously ruled that Trump had exceeded his authority with the implementation of most of his tariffs under a law designed for emergencies.
President Trump has also expressed plans to utilize a portion of the tariff revenue to aid U.S. soybean farmers affected by the economic repercussions of the ongoing U.S.-China trade dispute. “We’ve made so much money on Tariffs that we are going to take a small portion of that money and help our Farmers,” Trump publicized on Truth Social.
The evidence suggests that the coming weeks will be crucial in determining the validity of Trump’s tariffs and their potential impact on the American public.
