White House Economic Advisor Kevin Hassett told reporters this past week that there is enough money to pay for the $2000 Trump Tariff Checks to American families and still have money to go into the rest of the US budget.
But they need the approval of Congress.
Peter Doocy then asked Steve Scalise about the Trump tariff checks. Here was his response. It sounds like he is hesitant to give money back to the people who pay the taxes.
Steve Scalise: There’s a robust debate over what’s going to happen with the tariff revenue. One of the things Peter is getting an actual quantification of it, exactly how much money has come in from tariffs.
A lot of us don’t think it’s going to be long term because you see Trump reaching new trade agreements so that we have lower tariffs or ultimately zero tariffs is the goal because you got a fair trade with countries that never used to treat us fairly.
So many countries took advantage of us. President Trump finally has those countries treating us fairly.
So one point of a lot of discussion was to use that tariff revenue to reduce the deficit. I think everybody would agree, reducing the deficit lowers interest rates, it lowers inflation.
Taking all of that money that Washington borrows off the table and no longer borrowing hundreds of billions of dollars in this case would actually be good for the entire economy and put more money in the pockets of families who are struggling in terms of lower inflation and lower interest rates for people that want to go buy a home, buy a new home, first-time home buyers.
Scalise did not sound so enthusiastic about the possibility of Trump tariff checks going to the American people.
Congress will have to vote on the tariff checks to American families. It will be interesting to see who will vote to deny the American people their Trump tariff check!
Karli Bonne asked the important question: “Who is going vote against rebate checks for the American people? This should make the midterms more interesting.”
Via Midnight Rider.
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