WSJ’s Strassel on Trump’s $2000 Tariff Rebate Plan: If You Send Out These Checks, ‘You’re Going to Increase the Deficit’

RUSH TRANSCRIPT:
GIGOT: “Kim, what about the $2000 tariff rebate the president has floated? It is not clear how he would do that. He would need Congress to pass up a what you think of that idea?”

STRASSEL: “You know had our last gas talking about how it would be inflationary. Another idea that’s potentially going to put the economy in the wrong direction, not the right direction. But part of the problem here is this not just about getting authority from Congress. But how this ends up working impracticality the numbers don’t work up the map does not add up. I think as generous estimates to be $300 billion worth of money from tariffs this year. There is a discussion of you’re going to do $2000 a check is already been analysts have pointed out if you put restrictions on higher earners as the president has suggested this to be $600 billion a year that’s twice as much as a tear for revenue somehow the president said not only was going to send out the checks but use whatever is left over to reduce the deficit. Be thethe opposite they’ll incre the deficit and send out a lot of money and demand which is arguably exactly the opposite of what the economy needs at a moment.”