US citizens to receive stimulus check of $2,000 in August? What has Trump said about economic relief

Time of India

2 days ago

Is US President Donald Trump sending a stimulus check worth $2,000 in August? With rumours going round on social media, this speculation has caused confusion among Americans hoping for financial relief.
Stimulus checks were introduced by the US government to help its citizens during the Covid-19 pandemic. The American Worker Rebate Act of 2025 was introduced after President Donald Trump floated the idea of a
tariff rebate check
for taxpayers, just like stimulus checks.
Trump in July was asked about "tariff revenue coming in" and the "possibility of a rebate to the American public", to which the president responded: "We're thinking about that actually."
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"We have so much money coming in, we're thinking about a little rebate. But the big thing we want to do is pay down debt. But we're thinking about a rebate."
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The White House has announced that some of the tariffs, which were disclosed on April 2, have raised $100 billion in revenue. However, Trump didn't provide further details on the potential rebates, which are unlikely to pass in Congress. The president would need congressional approval to authorize the rebates.
Will you receive $2,000 stimulus checks in August?
Despite various social media posts claiming that Americans would receive $2,000 stimulus checks in August, there is no official confirmation from the US government or IRS about such a payment. The most recent IRS bulletin, IR-2025-75, dated July 15, focused on tax security and extensions, not new relief checks, reports The Hindustan Times.
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What is American Worker Rebate Act of 2025?
Shortly after Trump's July comments, Sen. Josh Hawley, a Republican from Missouri, introduced the American Worker Rebate Act of 2025. The proposed legislation would send rebate checks of at least $600 per individual to US residents and dependent child, or $2,400 for a family of four, according to news officials.
'My legislation would allow hard-working Americans to benefit from the wealth that Trump's tariffs are returning to this country,' said Hawley in a news release announcing the bill.
The benefit would be reduced by 5% for joint filers with an adjusted gross income above $150,000 or single filers earning more than $75,000 individually. A new analysis from Yale's Budget Lab warns that Trump's tariffs could hit US households hard in 2025 — costing the average family about $2,400 as companies pass higher tariff taxes directly to consumers, according to a report in North Jersey.
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The Treasury Department reported on July 25 that the federal government posted a $27 billion surplus in June, bouncing back from a massive $316 billion deficit in May. Customs duties for June reached roughly $27 billion — up from $23 billion in May — marking a staggering 301% increase compared to June 2024. So far this year, tariff collections have surged to $113 billion, an 86% jump from last year. The proposed bill includes a provision that would increase rebates for households if tariff revenues exceed government forecasts.
Though US Treasury Secretary Scott Bessent has said tariff revenue is expected to reach $300 billion annually. Yet, economists have raised concerns that policies could increase inflation and cost taxpayers thousands of dollars per year, especially if Trump doesn't reach trade deals with key partners like Canada and Mexico.
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Are we getting a stimulus check or Trump tariff rebate in 2025?
Trump floated the idea of using part of the government revenue being generated by the new tariffs and returning it to taxpayers of a certain income level in the form of a rebate check. The rebate idea would be similar to the stimulus checks sent during the pandemic.
A tax rebate is a reimbursement made to a taxpayer for an excess amount paid in taxes during the year, while a stimulus check is a direct payment from the federal government to households.
In February, Trump said he would consider the plan to pay out $5,000 stimulus checks to taxpayers in the form of a 'DOGE dividend' during a summit in Miami. He explained it as using part of the 20% of the savings identified by Musk's Department of Government Efficiency (DOGE) and giving it back to taxpayers. However, he has not shared any further specifics or details about the possible 'DOGE dividend' or its certainty since then.