President Donald Trump said his administration may issue the payments to Americans without congressional approval, citing strong revenue from U.S. import tariffs. The administration argues that tariff revenue could both fund direct payments to households and help reduce the $39 trillion national debt. Trump indicated the payments would likely exclude high-income individuals, targeting middle- and lower-income households, though eligibility and timing details remain unfinalized. The legality of Trump’s tariffs, imposed under the 1977 International Emergency Economic Powers Act (IEEPA) without Congress, is under review by the Supreme Court, which will affect whether the rebate checks can proceed. Scott Bessent expressed confidence that the Supreme…
Newswire
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