As the Tax Foundation’s Erica York quickly pointed out, about 150 million people make less than $100,000. She noted that sending each of them a $2,000 check would cost $300 billion, and Trump’s tariffs are only projected to raise $217 billion annually.

Archive article: https://archive.is/Ih7jO

  • givesomefucks@lemmy.world
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    7 hours ago

    “The $2,000 dividend could come in lots of forms, in lots of ways,” Treasury Secretary Scott Bessent said on ABC News on Sunday.

    “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,” the Treasury Secretary added.

    The only time Social Security income is taxed, is if you’re pulling in investment money or a significant “second job”…

    No one who needs the 2k is paying tax on social security…

    And cutting the tax on it only helps the wealthy

    • PattyMcB@lemmy.world
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      6 hours ago

      “In many ways” signals to me that he’s just going to say people have been paid but nobody is actually getting anything.

      Of course, his base will lap his bullshit up and praise how generous and honest he is.

      • khepri@lemmy.world
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        5 hours ago

        It means he knows nothing and there’s no actual plan. Like always, Trump is just gonna Trump and it’s up to his circle of interpretivite dementia experts and pill grifters as to what he actually means.

      • boydster@sh.itjust.works
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        6 hours ago

        Yeah, it means we can all keep hoping to be trickled on at some point. They are only giving money to those of us that qualify as something higher than “consumer” on their caste list.