White House gives major update on Donald Trump’s promise to give $2,000 to almost everyone in America

Donald Trump has proposed giving Americans $2,000 payments funded by tariff revenue, calling supporters of tariffs “fools.” While the White House says he is committed to the idea, officials have not clarified how the plan would work or who would qualify.

Treasury Secretary Scott Bessent suggested the payout might come through tax reductions rather than direct checks and noted he had not spoken with Trump about the proposal. Analysts estimate the plan could cost around $300 billion if eligibility resembles past stimulus programs.

Current tariff revenue falls far short of what would be needed, meaning future revenue or added debt may be required. With new tariffs scheduled soon, economists remain uncertain whether this approach can support large nationwide payments.

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