The Trump administration's latest plan to send Americans $2,000 checks is riddled with math problems and a dash of political spin.
It all starts with President Donald Trump's assertion that tariffs have generated massive revenue from foreign countries. While it's true that the United States has collected billions of dollars in tariff revenue since 2019, the question remains whether the government actually has the authority to redistribute this money to its citizens. In other words, can the White House just decide who gets $2,000 and take it out of their paycheck?
The math doesn't add up. According to a report by the Committee for a Responsible Federal Budget, the total tariff revenue collected so far is around $263 billion. However, this amount is not sufficient to cover even the most basic income definitions for low- and middle-income Americans.
For instance, if we assume that the definition of "low and middle income" is set at $75,000 or lower, the required funding would be approximately $218.6 billion. But where's the money coming from? The vast majority of this revenue was generated by American consumers who are now being asked to return it.
It's a classic case of "we've got your money, and now you're getting it back." Sounds too good to be true, right? It is. In reality, most of that tariff revenue came from U.S. businesses that absorbed the costs of higher imports. So, when Trump suggests sending $2,000 checks to Americans directly, he's essentially asking taxpayers to pay for themselves.
This plan has all the hallmarks of a desperate attempt to generate public support and pressure the Supreme Court into siding with him on tariffs. It's not hard to see why β Trump is trying to paint himself as a champion of working-class Americans while obscuring the fact that his policies have been widely criticized by economists, businesses, and even some of his own supporters.
As the saying goes, if it sounds too good to be true, it probably is. In this case, it's more like "if it seems too convenient, it probably is." So, while Trump may try to spin this plan as a generous gesture, rest assured that the math just doesn't add up β and neither do his promises.
It all starts with President Donald Trump's assertion that tariffs have generated massive revenue from foreign countries. While it's true that the United States has collected billions of dollars in tariff revenue since 2019, the question remains whether the government actually has the authority to redistribute this money to its citizens. In other words, can the White House just decide who gets $2,000 and take it out of their paycheck?
The math doesn't add up. According to a report by the Committee for a Responsible Federal Budget, the total tariff revenue collected so far is around $263 billion. However, this amount is not sufficient to cover even the most basic income definitions for low- and middle-income Americans.
For instance, if we assume that the definition of "low and middle income" is set at $75,000 or lower, the required funding would be approximately $218.6 billion. But where's the money coming from? The vast majority of this revenue was generated by American consumers who are now being asked to return it.
It's a classic case of "we've got your money, and now you're getting it back." Sounds too good to be true, right? It is. In reality, most of that tariff revenue came from U.S. businesses that absorbed the costs of higher imports. So, when Trump suggests sending $2,000 checks to Americans directly, he's essentially asking taxpayers to pay for themselves.
This plan has all the hallmarks of a desperate attempt to generate public support and pressure the Supreme Court into siding with him on tariffs. It's not hard to see why β Trump is trying to paint himself as a champion of working-class Americans while obscuring the fact that his policies have been widely criticized by economists, businesses, and even some of his own supporters.
As the saying goes, if it sounds too good to be true, it probably is. In this case, it's more like "if it seems too convenient, it probably is." So, while Trump may try to spin this plan as a generous gesture, rest assured that the math just doesn't add up β and neither do his promises.