URGENT UPDATE: President Donald Trump is proposing to issue $2,000 checks to Americans, but the plan hinges on Congressional approval, according to Kevin Hassett, Director of the National Economic Council. Speaking on Face the Nation on Sunday, Hassett confirmed that the proposal, which aims to utilize tariff revenue, is set to be presented to Congress in the new year.
The announcement comes as Trump has indicated a strong desire to provide financial relief to many Americans. Last month, he stated on social media that a “dividend of at least $2,000 a person will be paid to everyone.” This potential cash boost is particularly aimed at households earning less than $100,000, as outlined by Treasury Secretary Scott Bessent, although the specifics of the proposal are still under discussion.
Hassett emphasized that the distribution of these funds would require new legislation, indicating that the checks would likely be processed through the tax code. This critical point raises questions about the timeline, as Congressional approval could delay the rollout of financial assistance.
The urgency of this proposal cannot be overstated, as many Americans are facing economic challenges. The prospect of receiving an additional $2,000 could provide much-needed relief, especially for those struggling to make ends meet during uncertain times.
As the new year approaches, all eyes will be on Congress to see if they will support this initiative. The American public is left waiting for further developments on this potentially transformative financial relief plan.
Stay tuned for updates on this developing story as more details emerge regarding the timeline and specifics of the proposed checks.
