Trump $2,000 Check: New Timeline Announced
Treasury Secretary Scott Bessant provided an update on President Donald Trump's proposal to provide $2,000 checks to Americans from tariff revenue.
Bessant told Fox Business on Sunday that legislation would be required to deliver the tariff dividend, but he also said that planned tax cuts on tips, overtime, and Social Security are likely to boost wages for working families in the first quarter of next year.
"We'll see a big increase in refunds and real income in the first quarter," Bessant said. "President Trump has also talked about sending $2,000 refunds, and this will be for working families; we'll have income limits, and these refunds can be given."
Why it matters
$2,000 checks have been repeatedly proposed by Trump, but uncertainty remains about the potential timeframe and final form. The payments will require congressional approval, and Bessant linked it to previously promised tax cuts.
What to Know
Trump has repeatedly promoted his idea of providing Americans with a $2,000 direct payment from tariff revenue and has said it could come to them as early as next year.
President Donald Trump in the Oval Office of the White House on November 10, 2025, in Washington, DC.
Bessant previously explained that Trump's proposed $2,000 tariff dividend could come in "many forms," adding: "It could simply be the tax cuts we're seeing on the president's agenda. You know, no tax on tips, no tax on overtime, no tax on Social Security, auto loan deductions."
When asked on Sunday whether Americans would receive a $2,000 direct payment, Bessant replied: "We'll see, we need legislation for that."
The Treasury Secretary spoke about the expected boost to working families through a comprehensive package of refunds and tax cuts scheduled for early 2026 as part of Trump's One Big Beautiful Bill Act.
Bessant's outline of the checks differs from Trump's, who has suggested a separate $2,000 payment to Americans. It is unclear whether the $2,000 payments will be separate or come as part of a broader refund and tax package.
Bessant said the dividends would have an "income limit," echoing Trump's previous comments that they would be for low- and middle-income Americans, but he did not specify what the limit would be.
Other officials, including National Economic Council Director Kevin Hassett, have said these checks would require legislation.
What People Are Saying
President Donald Trump told reporters aboard Air Force One on Friday about the tariff checks: "It will happen next year. The tariffs allow us to pay dividends. We're going to pay dividends and we're also going to reduce the debt."
What's Next?
Congress will have to approve the $2,000 payments. The Trump administration has not yet clarified what form the payments will take.
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
