POLITICS: Top WH economic adviser Hassett says Congress decides if Americans get $2K tariff check – USSA News

Politics: top wh economic adviser hassett says congress decides if

🔴 Website 👉 https://u-s-news.com/
Telegram 👉 https://t.me/usnewscom_channel

Director of the National Economic Council Kevin Hassett said Sunday that President Trump’s idea to give Americans $2,000 checks funded by tariff revenue will “depend on what happens with Congress.”

“I would expect that in the new year, the president will bring forth a proposal to Congress to make that happen,” Hassett said on “Face the Nation with Margaret Brennan.”

Since July, Mr. Trump has floated a possible rebate for some Americans based on tariff revenue. And last month, the president posted on social media that a “dividend of at least $2,000 a person (not including high income people!) will be paid to everyone.” Treasury Secretary Scott Bessent told Fox News last month that the checks would likely go to households making less than $100,000. He said at the time it remained “in discussion.”

Hassett noted that Congress would have to approve the funds, which would likely be issued through the tax code and require lawmakers to pass new legislation authorizing the Treasury Department to send checks. But Hassett touted “a lot of positive news about the economy” since July that he suggested makes the checks more possible.

“We’ve had a couple of quarters of almost 4% growth, we’ve got a big government surplus actually running for a few months in a row, the deficit relative to last year is down by $600 billion,” Hassett said. “And so, in the summer, I wasn’t so sure that there was space for a check like that. But now I’m pretty sure that there is.”

Click this link for the original source of this article.
Author: Joe Weber


This content is courtesy of, and owned and copyrighted by, https://www.offthepress.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.



Source link

Exit mobile version