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Treasury Considers Income Cap for $2,000 Tariff Rebate Amid Broader Economic Measures

Treasury Considers Income Cap for $2,000 Tariff Rebate Amid Broader Economic Measures

Published:
2025-11-12 20:49:01
19
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BTCCSquare news:

Scott Bessent, overseeing Treasury operations, indicated a potential $2,000 tariff rebate targeting Americans earning under $100,000 annually. The proposal, still under discussion, aims to exclude higher earners. This follows former President Trump's vague pitch for a $2,000 per-person dividend, now gaining structural clarity.

The rebate could manifest through tax cuts tied to the One Big Beautiful Bill Act, which already delivers relief to middle- and lower-income households. Bessent emphasized the bill's broader fiscal impact, covering tax exemptions, Social Security, and substantial refunds. The administration's focus remains on economic stimuli for working-class demographics.

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