As the Tax Foundation’s Erica York quickly pointed out, about 150 million people make less than $100,000. She noted that sending each of them a $2,000 check would cost $300 billion, and Trump’s tariffs are only projected to raise $217 billion annually.
Archive article: https://archive.is/Ih7jO
And tariffs are what the consumer pays, so we’d only be getting back what we already paid in.
Surely less.
It’s actually a bit more assuming wealthy people spend more on consumption than poorer people, and therefore also pay more import tariffs. If the tax credit is distributed to everyone equally, then poorer people get more than they spent.
Problem is, i really really doubt Trump is ever gonna help the people at all. He’s probably gonna say it a thousand times so his republican voters can say “he’s the good guy”, then he’s gonna deliver the thinnest of excuses for why he can’t actually do it and blame somebody else for it.
Absolutely less.
The grift is more consistent and predictable than the laws of thermodynamics!
Plot twist: the dumbest wealth-redistribution plan in history.
And dummies will eat it up, thinking he’s paying them with money gained from “other” sources.
If that. I’d say my expenses this year have for sure gone up by a total of more than 2k, although I respect that much of that ended up in the pockets of our sacred shareholders and CEOs and their holy quest for quarterly growth, not directly tariffs.