Donald Trump won the Presidential election and became the 47th President of the US. His win has led to speculation of stimulus checks and other credits among the citizens and experts as he promised to improve the economic conditions for the people. Let’s see what’s the speculation about the Stimulus check in 2025.
Donald Trump Stimulus Check
On 5 November 2024, the US presidential election took place, where Donald Trump won against Kamala Harris of the Democratic party with 50.7% votes. Trump got a total of 295 electoral votes in the election, making him the 47th and second-time US President.
After his win, there are many speculations on US economic changes and the prospect of stimulus check payment. Some experts believe Trump’s policies and economic knowledge will boost economic growth, whereas some experts also believe that his plans can also boost inflation. Among all these speculations, there is a discussion about the stimulus check in the limelight.
People are wondering about the stimulus check because, during his Presidential campaign, Trump promised to hike it, so, now, with him coming into power, the discussion has begun on the stimulus check. In 2020 under the CARES Act, Trump issued a stimulus check to support millions of Americans suffering through the final crisis due to the pandemic.
History of Donald Trump’s Stimulus Check
In 2020, Trump introduced the Stimulus check with the $2 trillion stimulus package for Americans dealing with the pandemic-caused economic situation. The legislation was passed under the CARES Act (Coronavirus Aid, Relief, Economic Security), with the intent to provide financial relief to the citizens.
Under the COVID stimulus check, Americans were eligible to receive up to $12,000 payout, though the lawmakers wanted to provide a payment of $2,000. The IRS administers the stimulus check and payout is sent to eligible citizens through paper checks, direct deposit, and debit cards.
The Stimulus Check was named after Donald Trump at that time and recently, many people raised questions about naming the check with Trump’s name questioning the legality. However, now it is clear it was legal and it does not violate any law. The name of Trump on the check has caused the delay in payments which Trump was criticized for, however, due to the citizens’ persistence led to mailing the check on time.
What amount of stimulus checks can you expect?
In the past, Trump issued a stimulus check worth $1,200 for eligible citizens, now if Trump brings back the stimulus package, people can expect a higher or lower amount from the previous initiatives.
If Trump holds his promise of increasing the benefit, the citizens can expect a hike in payout up to $1,800. The citizens who meet the eligibility requirement can get this benefit because of inflation. If the inflation of the US remains like this the Trump administration can introduce a stimulus check in the coming year or in the next year based on the economic situation.
Apart from stimulus payments, the citizens can expect the other benefits to hike as well and boost economic growth. The news circulated that Trump can come up with an additional 60% tariffs. The newly formed government can reduce the experts to China as well which could affect the GDP by 1%, which could eventually affect the economic aspects in the coming years.
Will the stimulus check be issued again this time?
The last time a Stimulus check was issued was when we were in the middle of the crisis of the pandemic when people were losing their employment and getting lower job opportunities. According to the experts, it will be hard for Trump to issue the Stimulus check because it will need a larger allocation than the previous time, which can cause a dent in the US treasury.
The public claim on stimulus checks is still not clear as the official statement is yet to come out from the office. Some experts suggest that stimulus payment announcements may come as Trump has promised. However, increasing the rate is still not clear as the Trump administration will need to look into every factor to ensure it may not negatively affect the government as well as the people.
The Stimulus check from the newly formed government still has a long road ahead as such payments generally come when something drastic happens to the economy and the government tries to support the citizens.