Wall Street Journal dismisses Trump $2K dividend idea: 'Hail Mary pass' [View all]

https://thehill.com/homenews/administration/5599699-wall-street-journal-dismisses-trump-2k-dividend-hail-mary-pass/

The Wall Street Journal (WSJ) editorial board panned President Trump’s proposal to provide $2,000 tariff rebate checks to most Americans, calling it a “Hail Mary pass.”

“President Trump has a big tariff problem: His border taxes are raising prices on tariffed goods, they’re unpopular with voters, and the Supreme Court might rule that his “emergency” tariffs are illegal,” the WSJ board said Sunday.
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The president also said that his administration will use the tariffs to pay down the $38.12 trillion national debt. The WSJ editorial board, however, called the dueling policy proposals a “contradiction,” noting that sending rebate checks to most Americans would add to the national debt.
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Since the president imposed the sweeping tariffs in April, firms have passed down much of the costs to consumers. A Goldman Sachs analysis in October found that U.S. consumers will shoulder 55 percent of the tariffs’ costs this year.
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