Republican lawmakers have reservations about Trump's "tariff bonus" plan.
although Trump has repeatedly mentioned the idea of distributing $2,000 to low- and middle-income families and claimed that the funds would come from the tariffs he imposed, his party colleagues are generally lukewarm about the plan and doubt whether it can gain congressional approval to fulfill the promise. Several Republican members of Congress have stated that they prefer to use tariff revenue to reduce the fiscal deficit rather than distribute cash directly. With the current U.S. public debt approaching a historic high, lawmakers believe the priority should be to strengthen fiscal discipline rather than restart the "money distribution" model. In addition, some lawmakers are considering using tariff revenue to continue subsidies under the Affordable Care Act. These subsidies will expire on December 31, and if not renewed, will lead to a sharp increase in premiums for millions of Americans.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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