U.S. Treasury Secretary Scott Bessent indicated that President Donald Trump's proposed $2,000 tariff "bonus" per person might be implemented through tax cuts in his economic policy bill. These cuts could include exemptions for tips, overtime, Social Security income, and deductions for car loan interest. Bessent mentioned in an ABC interview that he has not yet discussed this with the President, but these tax reductions could be seen as a form of "bonus."
Trump previously claimed on social media that the U.S. is generating trillions from tariffs and plans to start repaying the $37 trillion national debt. This statement comes as the Supreme Court reviews a case challenging his tariff policies, with several justices expressing skepticism. A ruling against the tariffs could lead to over $100 billion in potential tax refunds.
U.S. Treasury Secretary Discusses Potential $2,000 Tariff 'Bonus' via Tax Cuts
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