Former President Trumps Promise of $2,000 Payments: A Closer LookIn a recent announcement, former President Donald Trump proposed a $2,000 payment for each American, funded by tariff revenue. However, financial experts question the feasibility of this plan. Tariffs are projected to generate significantly less than trillions of dollars annually, making it challenging to fund such a large-scale payout. Trump later clarified that the payments would first go to low and middle-income U.S. citizens, but details on what constitutes high income and whether children would qualify remain unclear. The plan raises concerns about how such a large-scale payout would be funded, as tariff revenue collected so far falls short of the estimated cost.

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