President Donald Trump said on Friday that he was contemplating sending rebate checks to Americans using tariff revenue.
The U.S. government ran a $27 billion budget surplus in June, fueled partly by record tariff revenue, which exceeded $100 billion for the first time in a fiscal year, Reuters reported.
When a reporter asked Trump at the White House if there was a chance of a rebate for Americans due to the revenue, the president said his administration was prioritizing paying off debt, but that a small rebate for some Americans was possible.
“We’re thinking about that, actually. We have so much money coming in,” Trump said. “We’re thinking about a little rebate, but the big thing we want to do is pay down debt. But we’re thinking about a rebate.”
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Author: Marty Kaufmann
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