President Donald Trump’s proposal to send $2,000 (RM8,258) rebate checks to low- and middle-income Americans using tariff revenues faces major financial and legal hurdles. Analysts estimate the plan would cost between $280 billion (RM1.1 trillion) and $607 billion (RM2.5 trillion), far exceeding expected tariff collections.
Analysts say Cost Exceed US Tariffs Revenues
Critics, including the Cato Institute and the Committee for a Responsible Federal Budget, call the idea “fiscal fantasy,” noting it could cost twice as much as tariffs generate. Legal challenges question Trump’s authority under a 1977 law, with the Supreme Court set to rule by June. Economists warn tariffs raise consumer prices, though Trump recently exempted food imports to ease costs.
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