President Donald Trump reiterated on Tuesday during a Cabinet meeting that he is planning on sending out tariff-derived payments to Americans and stressed that income tax refunds will likely increase next year as White House officials pivoted to an affordability message.
"Next year is projected to be the largest tax refund season ever, and we're going to give out refunds out of the tariffs," he said at the White House. He said that along with "giving a nice dividend to the people," there will be efforts to reduce the national debt with the revenues generated by the tariffs. -- 📺 Watch NTD News 24/7 on cable, broadcast, and streaming: https://www.ntd.com/watch
President Trump tells Americans his
tariffs will save the massive tax
dollars as he doubles down on his
proposal to give out dividend checks to
American taxpayers next year. Where do
lawmakers stand? NTD's Molina Weissup
joins us this morning. Molina, good
morning. What does the support in
Congress look like for this?
Right, Steph. President Trump yesterday
at a cabinet meeting spoke again about
lowering taxes to the point that many
could pay very little for income tax due
to how much money the country is making
from his tariff policies. He also
reiterated his goal, like you said, to
send $2,000 dividend checks to American
families from that money that he's
raised with his tariff policies. Listen
to what Trump said yesterday.
They told me that next year is projected
to be the largest tax refund season
ever. And we're going to be giving back
refunds out of the tariffs because we've
taken in literally trillions of dollars
and we're going to be giving uh a nice
uh dividend to the people in addition to
reducing debt.
Now, to answer your question about where
lawmakers stand, Steph, well, his
comments yesterday come after several
lawmakers expressed skepticism about
this idea, including Senator Ron
Johnson, a Republican, saying that any
extra money coming in should be used for
paying down the national debt. But the
reality is, if Trump really wants to see
these dividend checks go out, he needs
Republican support from in Congress. And
at this point, it's not clear that it's
totally there yet. Yesterday, I asked
several House Republican lawmakers how
they feel about it. Many just said they
need to wait and see how the numbers add
up. Listen to what they told me.
>> What are your thoughts on President
Trump's idea to give $2,000 dividend
checks to people from the tariff
revenues that he's raking in right now?
>> Well, I I think people would welcome
that and I I think that people need to
understand that the tariffs are a tool
in the tool chest the president is using
to negotiate trade deals. That's the
most significant thing because he has
negotiated a number of great trade deals
as a result of those tariffs and he will
continue to do that.
>> Um I I don't I'm not sure. I I would
have to really look at that. Um that has
to be something that we have to really
think through.
>> It's something I need to learn more
about. First time in a decade we
actually have more money than we're
spending out because President Trump's
decisions are slowly but surely turning
the tide. Now, we got a long ways to go,
but I I think he's a great president.
He's making a lot of progress.
>> Now, House Speaker Mike Johnson
described it previously as a good idea,
but he also said he'd need to see where
the numbers are in the next year or so.
Well, listen to what Johnson said when
he was asked about it just a week ago.
>> He's thinking about something maybe
midway into next year when when the
tariff revenue is realized and we can
figure out what that looks like. But I I
think I I think it would require an act
of Congress.
>> So, at this point, Steph, it looks like
the idea is sort of in flux when it
comes to how much Republican support
that Trump has. Um, remember because
Republicans hold such a slim majority in
both chambers, they will likely need all
Republicans to get on board with this if
no Democrats are in support of it. Um,
but I think what could also help Trump
push this idea along is if those
Republicans see that these tariffs are
consistently raking in a substantial
amount of revenue and if Trump of course
keeps tightening up on this request.
Steph,
>> and we'll all be watching very closely
to see that Supreme Court decision when
it comes out. Thanks so much for the
update. entity congressional
correspondent Molina Wisecup.
