Donald Trump Promises to Give $2,000 to Almost ‘Everyone’ in the US – Who Will Receive the Payout?

The idea of giving $2,000 to everyone sounds great on paper, but is it financially feasible? Some analysts have already raised concerns about the costs associated with this plan. According to estimates, distributing $2,000 to every eligible American could cost the government between $300 billion and $513 billion, depending on how many people qualify. If children are included in the payout, the cost would increase significantly.

Erica York, an economist at the Tax Foundation, analyzed the numbers and concluded that, based on Trump’s proposed payout, about 150 million adults could qualify if the cutoff is set at $100,000 per year. The total cost of providing these payouts would approach $300 billion, a sum that would exceed the revenues generated from tariffs, which currently stand at around $90 billion. This discrepancy raises serious questions about how Trump’s proposal could be financed and whether it’s even remotely sustainable.

The Tariff Question

The next issue lies with the source of funding for this proposed dividend. Trump claims that the revenue for the $2,000 payout would come from the tariffs he implemented during his presidency. However, the legality and effectiveness of these tariffs are currently under scrutiny.Continue reading…