Republican lawmakers have a reserved attitude towards Trump's "tariff dividend" plan.
According to Jinse Finance, despite Trump repeatedly mentioning the idea of distributing $2,000 to low- and middle-income families and claiming that the funds would come from the tariffs he imposes, his colleagues in the party are generally lukewarm to the plan, questioning whether it can receive congressional approval to fulfill the promise. Several Republican lawmakers have stated that they prefer to use tariff revenues to reduce the budget deficit rather than directly distributing cash. Currently, U.S. public debt is approaching historical highs, and lawmakers believe that the priority should be to reinforce fiscal discipline rather than restart the "cash distribution" model. In addition, some lawmakers are considering using tariff revenues to continue the subsidies for the Affordable Care Act, which will expire on December 31. If not renewed, it will lead to skyrocketing premiums for millions of Americans.
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Republican lawmakers have a reserved attitude towards Trump's "tariff dividend" plan.
According to Jinse Finance, despite Trump repeatedly mentioning the idea of distributing $2,000 to low- and middle-income families and claiming that the funds would come from the tariffs he imposes, his colleagues in the party are generally lukewarm to the plan, questioning whether it can receive congressional approval to fulfill the promise. Several Republican lawmakers have stated that they prefer to use tariff revenues to reduce the budget deficit rather than directly distributing cash. Currently, U.S. public debt is approaching historical highs, and lawmakers believe that the priority should be to reinforce fiscal discipline rather than restart the "cash distribution" model. In addition, some lawmakers are considering using tariff revenues to continue the subsidies for the Affordable Care Act, which will expire on December 31. If not renewed, it will lead to skyrocketing premiums for millions of Americans.