(KMDL-FM) Over the weekend, President Donald Trump once again raised the idea of "free money" being sent to the American people. We put the word "free" in quotes because we know it isn't really, but to a lot of people, a check for $2,000 would seem like a great "gift".

The President, in his social media statement over the weekend, did not go into specifics on how the proposed "tariff dividend" would be paid out, but he did suggest the amount would be $2,000. And "All Americans," except "high-income people," would receive a stipend.


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Who Qualifies for the $2,000 Tariff Dividend and Who Does Not?

Based on the President's statement via social media, it would seem that those who qualify would be "everyone". And those that don't qualify would be "high-income people". So, we need to figure out where the "high income" line is being drawn.

House Members Meet To Consider Increasing Covid-19 Stimulus Payments After President Trump Signs Relief Bill
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What is particularly strange about the President's social media post is the lack of subsequent action following that statement. President Trump and his administration are usually at the forefront of presenting details on his ideas, so this must be a little more complicated than just issuing checks.

I am sure that with the Government Shutdown, the debate over SNAP Benefits, issues in the Middle East, and now the Caribbean, as well as that day-to-day grind that is government business as usual, are the reasons why details have been slow to be released.

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What does appear likely is that no matter what amount the checks are written for or when they are actually written, it will require the approval of Congress. So, that should let you know not to "hold your breath" waiting on this money. And again, we don't know who will be in line for the stipend, but we do have "some good ideas" on how the disbursement might go.

A blank US goverment check with selective focus on the statue of liberty
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How Might Tariff Dividend Checks Be Disbursed to Americans?

Using a similar formula used to compute the COVID-19 stimulus payments of 2020, it would seem reasonable to assume, remember this is an assumption, that the $2,000 tariff dividends would go to families that earn less than $150,000 or heads of households that earn less than $112,00 annually.  Individuals who earn less than $75,000 under the COVID formula would also be eligible for the tariff dividend.

If you earn more than those amounts in your specific category, then your payments would be reduced or not issued at all. Again, right now, we just don't know for sure.

Donald Trump Holds A
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Is There a Possibility That There Will Be No $2,000 Tariff Dividend Checks Issued?

What makes this an interesting conundrum on the Government side of things is this. Based on published figures, the Trump Tariff initiative has earned approximately $100 billion for the country. This tariff dividend, if you do the math, would work out to a cost of approximately $600 billion. That would mean a deficit of $500 billion.

This is a developing story and will be updated as new information becomes available. 

Top 22 Cities Spending the Most on Groceries in America

WalletHub compared grocery costs for 26 everyday items across 100 major U.S. cities, then measured those totals against each city’s median household income. The results show where people spend the highest and lowest percentages of their earnings on groceries, using data from the U.S. Census Bureau and economic research sources. Here are Top 22 Cities Spending the Most on Groceries in America:

Gallery Credit: Scott Clow