Economic Policy

Axios reports multiple Senate Republicans, including Majority Leader John Thune, oppose President Trump’s plan to send $2,000 tariff rebate checks, arguing the funds should reduce the deficit and that any payments would require congressional authorization. Senators Shelley Moore Capito, Bernie Moreno, John Kennedy and Kevin Cramer voiced skepticism, with Cramer warning the plan could be inflationary, while the White House is exploring ways to issue checks without Congress.