Hassett Warns of Complexities in Potential Tariff Refunds and Legislative Actions
White House economic adviser Kevin Hassett stated that the proposed $2,000 checks for Americans funded by tariff revenue depend on congressional approval, with the president expected to propose legislation in the new year. The checks would likely target households earning less than $100,000 and could be issued through the tax system. Hassett highlighted recent positive economic indicators, such as strong growth and a government surplus, as factors making the checks more feasible. The administration continues to defend tariffs as beneficial for revenue and economic growth, while also considering exemptions based on trade and environmental factors.
