Rumors exploded. But the money isn’t coming this Christmas. The plan targets “moderate income” Americans, funded by tariffs and timed for 2026 — just before the midterms. Critics warn the math doesn’t add up. Families desperate for relief may be left wait…

Trump’s latest proposal taps into both economic anxiety and political theater: a $2,000 payment funded not by traditional stimulus spending, but by tariff revenue he claims is pouring into federal coffers. He has framed the idea as a win-win: middle- and lower-income Americans get a direct payout, while a portion of the funds is used to chip away at the $37 trillion national debt. Yet current tariff collections fall well short of what would be needed to cover hundreds of billions in potential checks, forcing the plan to lean heavily on optimistic projections of future revenue.

Eligibility would likely mirror prior stimulus thresholds, excluding high earners while targeting households in the middle and lower tiers, with wide variation depending on where people live. For now, there is no enacted law, no IRS guidance, and no holiday windfall on the way. Until Congress acts, the “tariff dividend” remains a high-stakes campaign promise, not a guaranteed deposit.