Bessent claims Trump’s $2K tariff pledge may equal tax decreases

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Treasury Secretary Scott Bessent said President Trump’s proposed dividend of $2,000 a person could come in the form of tax decreases, rather than direct payments.

In an interview Sunday on ABC News’s “This Week” with George Stephanopoulos, the Treasury secretary said he has not yet talked to the president about his proposal, but he suggested the cash payment could take various forms.

“I haven’t spoken to the president about this yet, but…. the $2,000 dividend could come in lots of forms, in lots of ways, George,” Bessent said.

“It could be just the tax decreases that we are seeing on the president’s agenda,” he continued. “You know, no tax on tips, no tax on overtime, no tax on Social Security. Deductibility of auto loans.”

“So, you know, those are substantial deductions that, you know, are being financed in the tax bill,” Bessent added.

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