Republican lawmakers have reservations about Trump's "tariff dividend" plan
2025-11-20 04:39:08
While Mr. Trump has repeatedly floated the idea of giving $2,000 to lower- and middle-income families and claimed that the money would come from the tariffs he collects, his party colleagues have been generally lukewarm about the plan, questioning whether it would be approved by Congress to deliver on its promises. Several Republican members of Congress have said they would prefer to use the tax revenues to reduce the fiscal deficit rather than directly distribute cash. With US public debt near record highs, lawmakers believe that the priority should be to consolidate fiscal discipline rather than restart the "send money" model. In addition, some lawmakers are considering using the tariff revenue to renew the Affordable Care Act subsidy, which expires on December 31. If not renewed, it will lead to a surge in insurance premiums for millions of Americans. (Jin 10)
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