Supreme Court questions Trump payout
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President Trump proposed paying Americans $2,000 each from tariff revenues, but the U.S. Supreme Court expressed skepticism about the plan's legality, putting it at risk.
He said: "Prices are down under Trump.'
Me: "It is quite literally false. There's not a single way you can interpret a word that the man's saying..as being remotely reflective of either what we're seeing in data from all across the country or in people's everyday lives."
Me: "It is quite literally false. There's not a single way you can interpret a word that the man's saying..as being remotely reflective of either what we're seeing in data from all across the country or in people's everyday lives."
November 10, 2025 at 5:46 PM
He said: "Prices are down under Trump.'
Me: "It is quite literally false. There's not a single way you can interpret a word that the man's saying..as being remotely reflective of either what we're seeing in data from all across the country or in people's everyday lives."
Me: "It is quite literally false. There's not a single way you can interpret a word that the man's saying..as being remotely reflective of either what we're seeing in data from all across the country or in people's everyday lives."
by Aaron Sojourner Reposted by Gerald Friedman
While the president's Solicitor General argues to the Supreme Court that the cornerstone of the president's power to impose tariffs is that they are not revenue raising...
November 10, 2025 at 9:18 PM
While the president's Solicitor General argues to the Supreme Court that the cornerstone of the president's power to impose tariffs is that they are not revenue raising...
by Mark Tushnet
Trump on tariffs fits the definition of chutzpah (“I killed my parents, have mercy on me, an orphan”): I collected so much money illegally that giving it back would be a disaster. (More formally, the fact that giving it back would be a disaster is a reason for saying it wasn’t collected illegally.)
November 10, 2025 at 9:27 PM
Trump on tariffs fits the definition of chutzpah (“I killed my parents, have mercy on me, an orphan”): I collected so much money illegally that giving it back would be a disaster. (More formally, the fact that giving it back would be a disaster is a reason for saying it wasn’t collected illegally.)
by Simon Lester
The good news about all that foreign investment money is that we wouldn't have to pay it back because we don't actually have it.
Trump claims the U.S. would need to repay $2 trillion if the Supreme Court overturned his tariffs. He says that covers "tariff revenue and investments," which presumably includes the deals from Japan, Korea, etc. Credible estimates of tariff revenue are less than 10% of that.
November 10, 2025 at 8:23 PM
The good news about all that foreign investment money is that we wouldn't have to pay it back because we don't actually have it.
At this rate, by the end of his term Donald Trump will be suing four billion people around the world for insufficient fealty.
November 10, 2025 at 6:15 PM
At this rate, by the end of his term Donald Trump will be suing four billion people around the world for insufficient fealty.
Reposted by Simon Lester
Trump claims the U.S. would need to repay $2 trillion if the Supreme Court overturned his tariffs. He says that covers "tariff revenue and investments," which presumably includes the deals from Japan, Korea, etc. Credible estimates of tariff revenue are less than 10% of that.
November 10, 2025 at 8:18 PM
Trump claims the U.S. would need to repay $2 trillion if the Supreme Court overturned his tariffs. He says that covers "tariff revenue and investments," which presumably includes the deals from Japan, Korea, etc. Credible estimates of tariff revenue are less than 10% of that.
by Simon Lester
The annual budget deficit is already around $1.8 trillion, and any checks sent to the people will just mean higher borrowing.
Hassett: "I think it's back on the table to think about what to do with those tariff revenues. I'm sure the president will discuss with congressional leaders whether because of all of the extra tax revenue, there is more room to get checks back to people."
November 10, 2025 at 8:27 PM
The annual budget deficit is already around $1.8 trillion, and any checks sent to the people will just mean higher borrowing.
Taxing Americans through tariffs and then returning more to them through rebate checks is...
November 10, 2025 at 12:48 AM
Taxing Americans through tariffs and then returning more to them through rebate checks is...
Donald Trump just said he'll ask the Supreme Court to freeze SNAP payments AGAIN.
His message to the 42 million Americans who rely on SNAP? Eat dirt.
His message to the 42 million Americans who rely on SNAP? Eat dirt.
November 10, 2025 at 6:42 PM
Donald Trump just said he'll ask the Supreme Court to freeze SNAP payments AGAIN.
His message to the 42 million Americans who rely on SNAP? Eat dirt.
His message to the 42 million Americans who rely on SNAP? Eat dirt.
Reposted by Simon Lester
$2,000 tariff dividends would cost $600 billion a year and if paid annually would raise the debt to 134% of GDP (from ~100%) by 2035, the Committee for a Responsible Federal Budget estimates.
November 10, 2025 at 8:08 PM
$2,000 tariff dividends would cost $600 billion a year and if paid annually would raise the debt to 134% of GDP (from ~100%) by 2035, the Committee for a Responsible Federal Budget estimates.