Could stimulus checks be headed back into American wallets?

President Donald Trump said he’s considering paying rebates to U.S. taxpayers with revenue generated from billions of dollars coming from tariffs on imports from foreign countries.

“We have so much money coming in, we’re thinking about a little rebate,” Trump told reporters July 25, according to a report in USA Today. “The big thing we want to do is pay down debt. But we’re thinking about rebates.”

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There was no indication of how much the rebates would be or who would qualify, but the president said he’d like to see a “little rebate for people of a certain income level.”

Data from the Department of Treasury shows the tariffs have generated more than $100 billion in the first half of 2025 with some $300 billion expected by the end of the year.indication of

Any rebate would have to be approved by Congress and, as of yet, there are no bills before lawmakers regarding the payments.

This isn’t the first time Trump has discussed possible direct payments to Americans, similar to the series of stimulus checks many received during the COVID pandemic. In May, the president voiced support for checks from savings generated by the Department of Government Efficiency, then led by Tesla CEO Elon Musk. That proposal included giving Americans back up to 20% of DOGE savings, with estimates as high as $5,000 per household.

That idea has not progressed, however, and Musk has since exited the Trump administration.