Nov. 24 at 4:25 PM
Sen. Ron Johnson (R-Wis.), a leading fiscal hawk in the Senate, says the country “can’t afford” President Trump’s proposal to send out
$2,000 tariff “dividend” checks
“We’ll have at least a
$2T deficit this year"
“President Trump had deficits about
$800B. Obama, in his last four years,
$550B a year. Now we’re
$2T? Completely unacceptable. We have to start focusing on that and doing something about it,”
CRFB: Inflow of new tariff revs won’t be enough to cover the costs of doling out
$2,000 checks, which could cost
$600B a year
Treasury Dept: In July est'd that it could collect
$300B this year from higher tariff rates
Congress would need to pass legislation to authorize the payments
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