Trump's $2000 stimulus checks timeline

[RoshawnMarkwees]

1. The Fed didn't send out stimulus checks, the US Treasury did.

2. If you got weekly checks it was for some other reason. Whatever you got checks for had nothing to do with Biden's COVID Relief Bill unless maybe you had something to do with vaccine distribution. Let me repeat this: NOBODY got more than one $1400 relief check.

3. What Trump would have done if re-elected is moot.

What trump has done since being re-elected proves what he would have done had he been re-elected in 2020.
The US treasury is the fed. Biden s bill was about giving out free, printed money. It caused massive inflation.
MD gov Hogan trashed trump in order to get himself re-elected by ignorant democrats who dominate his dysfunctional state. When he got his wish, Biden wrote these massive inflation-inducing checks, undermining Hogan’s Maryland economy. Hogan ordered the checks be stopped but a democrat judge overruled him.

 

[Robert W]

Why does the most awesome economy in history need a stimulus check?

Tell them you don't need one. Call your congressman's office.

 

[task0778]

The US treasury is the fed.

Bullshit. They are separate entities, the US Treasury is a department within the president's cabinet while the Fed is not.

Biden s bill was about giving out free, printed money.

Nobody got printed money, they got a check that in many cases was sent electronically. Not different from the Trump stimuluses.

MD gov Hogan trashed trump in order to get himself re-elected by ignorant democrats who dominate his dysfunctional state. When he got his wish, Biden wrote these massive inflation-inducing checks, undermining Hogan’s Maryland economy. Hogan ordered the checks be stopped but a democrat judge overruled him.

I have no idea what the relevance for this is. Not sure if you realize this, but inflation that was as bas as what we experienced in 2021-2023 does not happen overnight. It takes time for the economy to react to that much money entering the economy with no increase in the production of goods and services. IOW, more money chasing the same amount of production. Biden aded too much money into the mix and so did Trump.

 

[dudmuck]

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.”

MSN

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.

 

[debbiedowner]

Wrong. Inflation was caused by Biden’s and democrats’ $1400 weekly Covid checks backed up by money printing.
These $2000 checks are funded by tariff revenue.

Wrong it started with the cares act, know who signed it? Trump Then continued under Biden. Thus, inflation and fraud in all 50 states.

Tracking pandemic aid fraud: Five years on, the toll continues to grow

A high-profile fraud case in Minnesota has spotlighted the lack of safeguards during the COVID-19 pandemic surrounding funds intended to prop up vulnerable Americans. The looting of taxpayer dollars holds lessons about the social safety net and the federal bureaucracy that oversees it.

www.csmonitor.com

When the COVID-19 pandemic hit, the U.S. government spent an unprecedented amount of money to prop up the economy and aid Americans whose daily lives had come to a sudden halt. Between 2020 and 2021, President Donald Trump and former President Joe Biden signed a combined six laws shelling out over $5 trillion – helping small businesses guarantee paychecks and paying for COVID-19 tests. The money also went toward health care and housing support, and to things like emergency food programs for children going without free school lunches.

 

[initforme]

Thered be nothing wrong with the 2000 checks. When this occurs it will stimulate the economy.

 

[SaxonJackson]

Funny how D.C. politicians become more interested in the plight of average Americans shortly before an election cycle.