Treasury Secretary Scott Bessent said that the $2,000 tariff revenue dividend proposed by President Donald Trump could come in the form of lower taxes.
Trump said in a Nov. 9 statement on Truth Social that many Americans could get a dividend of at least $2,000, as he praised tariffs that he imposed on other countries starting earlier this year.
“I haven’t spoken to the president about this yet, but … the $2,000 dividend could come in lots of forms, in lots of ways,” Bessent told ABC News on Nov. 9, responding to a question about the revenue checks.
“It could be just the tax decreases that we are seeing on the president’s agenda. You know, no tax on tips, no tax on overtime, no tax on Social Security,” Bessent also told the network, adding that those items are “substantial deductions” that are currently “being financed in the tax bill.”…