The White House is reportedly eyeing a plan that would provide $2,000 tariff dividend checks midway through 2026, something President Donald Trump has repeatedly called for. The plan is notable as it would provide a roadmap to bypassing Congress.
“People that are against Tariffs are FOOLS! We are now the Richest, Most Respected Country In the World, With Almost No Inflation, and A Record Stock Market Price,” the president posted on Truth Social earlier this month.
“401k’s are Highest EVER. We are taking in Trillions of Dollars and will soon begin paying down our ENORMOUS DEBT, $37 Trillion. Record Investment in the USA, plants and factories going up all over the place,” he continued. “A dividend of at least $2000 a person (not including high income people!) will be paid to everyone.”
U.S. tariff revenue for the fiscal year 2025, which ended on September 30, totaled $195 billion, marking a more than 250 percent increase from the previous year.
This accounted for the the highest annual collection in modern history, driven by President Trump’s sweeping tariffs on imports from dozens of trading partners including China. The tariffs were implemented under executive authority such as the International Emergency Economic Powers Act (IEEPA), while the Supreme Court is currently weighing a decision that could curb the president’s ability to levy tariffs.
This figure encompasses duties collected through September, with monthly revenues climbing from $7 billion in January to $30 billion by September.
Treasury Secretary Scott Bessent said Sunday that legislative approval would be necessary to authorize the checks, though one senior White House official recently pitched a plan that would not require congressional oversight.
“We will look as hard as possible to see if there’s a way to do it without Congress because we’re circumspect about Congress wanting to stop [them]. The law is the law. I think the most likely outcome is that it requires an act of Congress,” White House Deputy Chief of Staff James Blair said while speaking at a Bloomberg Government event Tuesday.
The ambitious plan soon generated many inquiries, leading Blair to clarify his remarks in an X post. “If you watch the whole clip, I said we’ll certainly explore that, but also that I think the most likely outcome is that it requires an act of Congress,” he wrote.
While speaking with reporters at the White House earlier this week, Trump announced that his administration is working towards a timeline that would provide the checks sometime next year.
“We’re going to be issuing dividends later on, somewhere prior to, probably in the middle of next year, a little bit later than that, of thousands of dollars for individuals of moderate income, middle income. We’re going to pay down debt. We have a lot of money from tariffs,” Trump said.
The president reiterated that without aggressive tariff action, America’s economic position would be far weaker.
“If we didn’t have tariffs, this nation would be in serious trouble. And we’ve taken in tremendous amounts of money,” he said. “And you know what’s more important than that? We’ve protected our businesses from being raided like we did with the chip business. Now we’re bringing them all back.”
“We had one hundred percent of the chip industry, and then they left. They went mostly to Taiwan and South Korea, but mostly Taiwan. And they have almost one hundred percent,” Trump went on.
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