task0778
Diamond Member
President Donald Trump has given a vague timeline for when Americans can expect the much-discussed “dividend” checks the administration has said it will send out and finance with the revenue from his tariffs.
In his wide-ranging interview with The New York Times on Thursday, Trump said he would be able to distribute these payments without congressional approval. When asked when citizens should expect the checks to arrive, he said, “I would say toward the end of the year.”
It's difficult for me to see how he can do this without congressional approval. Which could happen in an election year and given how pussified Congress is. Everything I've read suggest he cannot do that unilaterally, Congress has the sole constitutional authority to tax and spend our money. One wonders what will happen if the Supreme Court rules his broadbrush tariffs are unconstitutional; that ruling could come out any day now.
Also:
According to data from the Treasury Department, the U.S. collected $195 billion in customs duties in the fiscal year that ended September 30, with an additional $62 billion in total collected in October and November.
Experts believe that funding a $2,000 check—even when excluding affluent Americans, as Trump envisions—would require a far greater sum. The Tax Foundation’s Erica York told Newsweek this “would cost on the order of $300 billion or more.” An analysis by the nonpartisan Committee for a Responsible Federal Budget estimated that the idea could carry a price tag of about $600 billion, while increasing deficits by “$6 trillion over 10 years.”
First, the $195 billion in customs duties includes monies generated from non-Trump tariffs, fees, and excise taxes that were already in place. I think Trump is including estimates on monies not yet received in the coming 2026 year, but he hasn't yet spelled out the pay-for part. I am a fiscal conservative that does not support the free wheeling and dealing with spending that isn't accounted for in existing revenue, I'm kinda funny that way.
And:
"During a Cabinet meeting last month, Trump said the money made through his duties would allow the government to pay “a nice dividend to the people in addition to reducing debt.”"
I'm just not seeing it, show me the money first. And BTW, I thought the economy was doing so well, right? Why do we need stimulus checks? It feels like politicking that you usually see in an election year.
In his wide-ranging interview with The New York Times on Thursday, Trump said he would be able to distribute these payments without congressional approval. When asked when citizens should expect the checks to arrive, he said, “I would say toward the end of the year.”
It's difficult for me to see how he can do this without congressional approval. Which could happen in an election year and given how pussified Congress is. Everything I've read suggest he cannot do that unilaterally, Congress has the sole constitutional authority to tax and spend our money. One wonders what will happen if the Supreme Court rules his broadbrush tariffs are unconstitutional; that ruling could come out any day now.
Also:
According to data from the Treasury Department, the U.S. collected $195 billion in customs duties in the fiscal year that ended September 30, with an additional $62 billion in total collected in October and November.
Experts believe that funding a $2,000 check—even when excluding affluent Americans, as Trump envisions—would require a far greater sum. The Tax Foundation’s Erica York told Newsweek this “would cost on the order of $300 billion or more.” An analysis by the nonpartisan Committee for a Responsible Federal Budget estimated that the idea could carry a price tag of about $600 billion, while increasing deficits by “$6 trillion over 10 years.”
First, the $195 billion in customs duties includes monies generated from non-Trump tariffs, fees, and excise taxes that were already in place. I think Trump is including estimates on monies not yet received in the coming 2026 year, but he hasn't yet spelled out the pay-for part. I am a fiscal conservative that does not support the free wheeling and dealing with spending that isn't accounted for in existing revenue, I'm kinda funny that way.
And:
"During a Cabinet meeting last month, Trump said the money made through his duties would allow the government to pay “a nice dividend to the people in addition to reducing debt.”"
I'm just not seeing it, show me the money first. And BTW, I thought the economy was doing so well, right? Why do we need stimulus checks? It feels like politicking that you usually see in an election year.
