(The Hill) -- President Trump’s potential tariff rebate checks could cost twice as much as the revenue generated by his import taxes, according to an analysis released Monday.
The president has floated sending checks of “at least $2,000” to every American below a certain income threshold, which would be funded by the money paid by U.S. importers to comply with Trump’s tariffs.
But checks of the size and scope suggested by Trump would likely cost far more money than what the president’s tariffs are projected to bring in, according to the Committee for a Responsible Federal Budget (CRFB).
The nonpartisan budget watchdog group said Trump’s rebate check would likely cost $600 billion if the administration follows the guidelines used for COVID-19 stimulus payments.
U.S. tariffs are only pro

KOIN News

CBS News
Hattiesburg American
AlterNet
Reuters US Top
Raw Story
FOX News Videos
The List
Essentiallysports Football