Trump’s $450B Tariff Party: Your $2,000 Stimmy RSVP Pending
KEY POINTS
- •President Trump plans $2,000 tariff checks starting mid-2026, pending congressional approval according to Treasury Secretary Scott Bessent.
- •The Yale Budget Lab estimates the checks would cost about $450 billion, wiping out most of tariff revenues expected in fiscal 2026.
- •This plan could slightly boost GDP by 0.3% and employment by 0.15%, with a minimal inflation increase below 0.1 percentage points.
- •The Supreme Court decision on tariffs is still pending while Congress deals with unrelated Epstein files, adding uncertainty to the proposal.
In a move that makes a $450 billion tab look like the mega-bill from a Vegas buffet binge, President Trump's promise to hand out $2,000 tariff checks might plateau just before the 2026 midterms. Treasury Secretary Scott Bessent threw cold water on this cash confetti, reminding everyone Congress needs to RSVP first. Yale Budget Lab ran the numbers and found these checks would drain over a year's tariff revenue, which is on track to hit $420 billion in fiscal 2026, mostly wiping out funds meant for debt and farm bailouts. The analysis predicts a modest 0.3% GDP boost and a 0.15% employment increase — about as energizing as caffeine for an economy already jittery over inflation fears barely nudged past 0.1%. Meanwhile, the Supreme Court is still cooking its verdict, as Congress juggles Jeffrey Epstein files like they're hot potatoes, making the road to $2,000 per person look as shaky as a TikTok dance craze gone wrong.
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Source: Axios | Published: 11/18/2025 | Author: Ben Berkowitz