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