Moreno Moves to Codify $5,000 Tariff Checks as GOP Weighs $1.2 Trillion Cost
Updated
Updated · Fox News · Sep 10
Moreno Moves to Codify $5,000 Tariff Checks as GOP Weighs $1.2 Trillion Cost
3 articles · Updated · Fox News · Sep 10
Summary
$5,000 dividend checks proposed by Donald Trump would be written into law by Sen. Bernie Moreno, who says he will introduce a bill after the midterms and limit the money to spending inside the United States.
Moreno says the one-time payments would be financed by structural tariffs he calls a market-access fee on foreign companies selling into the U.S., not by taxpayer funds.
$1.2 trillion is the estimated price tag, creating tension with Republican fiscal discipline messaging as the federal deficit has climbed to $40 trillion.
John Thune and Andy Harris said the plan would have to pass Congress and likely move through budget reconciliation, while Democrats including Chuck Schumer and Robert Garcia dismissed it as unrealistic and politically motivated.