Moderate- to low-income Americans should expect to see $2,000 tariff dividend checks sometime after mid-2026, President Donald Trump announced at a press briefing on Nov. 17.
Trump narrowed the check arrival window after saying on Nov. 14 that the checks would reach taxpayers next year.
“We’re going to be issuing dividends later on, somewhere prior to, you know, probably the middle of next year, a little bit later than that,” Trump told reporters in the Oval Office.
The money is earmarked for people in the low- and middle-income brackets, he added.
He said the money would come from the “trillions of dollars” raised by imposing various levels of tariffs on U.S. trading partners for goods sold to Americans using the International Emergency Economic Powers Act (IEEPA).
The rebate idea was made public as the Supreme Court deliberates whether using emergency economic powers to set tariffs is constitutional.
“Americans deserve a tax rebate after four years of [President Joe] Biden’s policies that have devastated families’ savings and livelihoods,” Hawley said in a statement.
“We need legislation for that,” Bessent said, adding the checks would go to “working families” and an income limit would be set. “President Trump is committed to getting money back to families.”
The legislation has received some backlash.
If passed, the legislation would have the same approach as COVID-19 stimulus checks during the pandemic, the foundation stated.
