A proposed $2,000 tariff dividend needs Congress approval, Treasury Secretary Scott Bessent says.

Treasury Secretary Scott Bessent stated that a proposed $2,000 tariff dividend to American households under a potential Trump administration would require congressional approval, as the executive branch cannot unilaterally enact such a tax and spending measure. The plan, which aims to offset the economic impact of new tariffs by distributing collected funds to citizens, hinges on legislative action, highlighting the constitutional limits on presidential power over fiscal policy.