Washington, D.C. – President Donald Trump don come out with one new plan wey go make American citizens shine like star. Na $2,000 rebate checks, wey go come from the tariffs wey im government don gather since dem start the saga of im trade policies. E don tell us say people wey no gree for tariffs na fools!
“A dividend of at least $2000 a person (except those wey dey high income!) go land for everybody,” Trump yarn on Sunday. But as e be, this bold plan get plenty complications wey no fit just waka like that.
For background, Trump don dey mention tariff rebate checks before, as during August e talk say dem fit share money because dem dey gather plenty from the tariffs. According to am, the money no go come from taxpayers’ pocket o, but from the money wey foreign companies dey pay for import taxes.
But hold up! Trump’s economic advisor, Treasury Secretary Scott Bessent, don use cold water pour the hot gist. E no commit to the plan when dem ask am during interview for ABC’s ‘This Week’. Bessent talk say no proper plan don show to share the money, and the $2,000 fit take different forms, like tax savings. This means say you fit only collect am as reduction for your tax, not direct cash.
The tariffs wey Trump don collect so far no be small, over $220 billion dey on ground. But even if dem plan to give everyone $2,000, calculation show say that go cost around $326 billion in total. Na wah! That one pass how much tariff revenue dey come. If dem just want give low and middle income workers, e go still burn more than wetin dem don gather since Trump enter office.
Nobody fit answer wetin “high income” dey mean either. E fit mean people wey dey make $100,000 per year, but plenty people dey fall under that level. If na that cut-off, fit give money to around 150 million adults, which go chill for $300 billion. And that one go create different wahala for Trump administration.
Plus, who no go like the idea of extra cash? But checks wey dey fly around anytime dem no dey during recession fit just turn out to be market sweetener wey go raise inflation. If dem send the checks now, e fit mean say Federal Reserve go need raise interest rates to counteract the sugar rush. This fit make some fiscal conservatives inside his party vex.
As e be now, if Trump wan run am, make we no forget to watch the Supreme Court too, as dem dey consider wetin be legal power for im tariff policy. If dem strike down the tariffs, wahala go plenty because that one go mean everybody wey pay go fit ask for refund. Na real saga be this o!
In gist, Trump dey try hold am down with talk of paying down national debt and promising Americans sweet money, but make no one hold e breath. If you don collect cash before, you go sabi say paper check dey take time when e come to send, especially if you no fit utilize the direct deposit option.
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