By Tom Wrobleski
Staten Island Advance, N.Y.
(TNS)
President Donald Trump on Friday said that he’s considering issuing rebate checks to Americans that would be paid out of the revenue generated by increased tariffs on other countries, CBS News reported.
“We’re thinking about a little rebate. But the big thing we want to do is pay down debt. But we’re thinking about a rebate,” Trump told reporters before leaving for a four-day visit to Scotland.
The president said that the rebate could be “for people of a certain income level,” but he didn’t specify what income threshold he’s considering.
The federal government has collected about $100 billion in tariff revenue since the Trump administration instituted its higher import duties earlier this year.
That figure could increase to about $300 billion per year, Treasury Secretary Scott Bessent told Fox Business’ “Mornings with Maria” earlier this week.
It’s not the first time that Trump in his second White House term has pitched the idea of issuing rebate checks to Americans.
The president in February said that he was looking at using 20% of the savings from Elon Musk’s cost-cutting task force, the Department of Government Efficiency, or DOGE, to provide direct payments to taxpayers.
Those checks have not materialized, with House Republicans saying that they were concerned that such payments could increase the national deficit.
The federal debt currently stands at more than $36 trillion.
That number is projected to rise due to the new tax cuts and spending contained in the One Big Beautiful Bill, signed into law by Trump on July 4.
The Bipartisan Policy Center said that that the nation’s deficit could rise by $3.4 trillion over the next 10 years thanks to Trump’s bill.
Photo caption: President Donald Trump waves to onlookers before departing for Scotland on July 25.
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© 2025 Staten Island Advance, N.Y. Visit www.silive.com. Distributed by Tribune Content Agency LLC.
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Tags: rebate checks, tariffs, Taxes, trump tariffs
