Republican lawmakers have reservations about Trump's "tariff bonus" plan.
although Trump has repeatedly mentioned the idea of distributing $2,000 to low- and middle-income families and claimed that the funds would come from the tariffs he imposed, his party colleagues are generally lukewarm about the plan and doubt whether it can gain congressional approval to fulfill the promise. Several Republican members of Congress have stated that they prefer to use tariff revenue to reduce the fiscal deficit rather than distribute cash directly. With the current U.S. public debt approaching a historic high, lawmakers believe the priority should be to strengthen fiscal discipline rather than restart the "money distribution" model. In addition, some lawmakers are considering using tariff revenue to continue subsidies under the Affordable Care Act. These subsidies will expire on December 31, and if not renewed, will lead to a sharp increase in premiums for millions of Americans.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Modern Monetary Theory and the Transformation of Cryptocurrency Value Assessments
- Modern Monetary Theory (MMT) reshapes crypto valuations by prioritizing fiscal flexibility over rigid monetary rules, altering central bank policies and market dynamics. - Central banks like the Fed adopt MMT-driven strategies (e.g., 4.00%-4.25% 2025 rate cuts), creating paradoxes for Bitcoin as low-interest environments favor traditional assets over crypto. - Institutional adoption of crypto grows (55% of hedge funds hold digital assets by 2025), but MMT-driven liquidity shifts expose vulnerabilities in
Grayscale Increases Chainlink Holdings Amid Price Drop, Shows Confidence in DeFi’s Prospects
- Grayscale surged LINK holdings to 1.3M tokens, quadrupling over two years despite 50% price drop, signaling long-term DeFi infrastructure bet. - Price decline pushed LINK to critical support level with low Exchange Supply Ratio, suggesting potential stabilization and buying opportunities. - Research highlights Chainlink's role in securing dApps and enabling tokenized assets, with major banks like UBS already adopting its infrastructure. - Grayscale filed a spot LINK ETF (GLNK) for December 2025 launch, m
Ethereum News Update: Ethereum's Downturn Reflects Coordinated Withdrawal from Both Crypto and Traditional Markets
- Ethereum dropped below $3,000 on November 17, mirroring Bitcoin's 3.21% slump to a six-month low amid synchronized crypto-traditional market selloff. - Crypto investment products recorded $2B in outflows, with Ethereum ETFs losing $689M as macroeconomic uncertainty and whale selling intensified pressure. - Technical indicators show ETH breaking below $3,200 and key trend lines, with $3,000 support level at risk if $3,280 resistance fails. - Ark Invest's $39.6M crypto-linked stock purchases contrasted mar
Bitcoin News Update: Cryptocurrency Companies Turn to Preferred Shares for Bitcoin Purchases, Sidestepping Debt and Equity Dilution
- Metaplanet issues $150M in preferred stock to expand Bitcoin holdings, avoiding equity dilution and debt. - Strategy adds 8,178 BTC ($835.6M) via similar preferred shares, reflecting institutional preference for capital-efficient crypto financing. - JEXAI's AI-blockchain platform optimizes energy use and asset allocation, lowering barriers for institutional Bitcoin adoption. - Market turbulence, like a $5.5M liquidation on HyperLiquid, highlights risks driving demand for stable, long-term capital strateg
Trending news
MoreCrypto prices
More
