President Donald Trump is once again talking about stimulus checks, and this time he is putting a rough date on when Americans might actually see the money.

During a recent interview with The New York Times, Trump said his proposed $2,000 checks would not need approval from Congress. He believes the payments could be funded using money brought in through his tariffs.

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Who Could Get Trump's $2,000 Checks?

Trump first floated the idea of new rebate checks back in November. At the time, he said the payments would be aimed at low and middle income Americans. However, the White House has not released any clear rules on who would qualify, how income would be measured, or whether families would receive more than one payment.

So for now, a lot of the details are still "up in the air." That has left many people wondering if they would be eligible and how the checks would actually be distributed.

Trump also suggested that if there is any extra money left over after sending out checks, it could be used to help chip away at the country’s massive debt, which currently sits at more than $38 trillion.

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READ MORE: Prices Of These Essential Items Are About To Skyrocket

According to the Committee for a Responsible Federal Budget, a new round of stimulus checks would cost roughly $600 billion.

The Department of Treasury reported that the United States collected $195 billion from tariffs during the fiscal year that ended on September 30. That figure is short of what would be needed to fully fund the checks, meaning the plan could come up short unless tariff revenue increases.

On top of that, the tariff plan faces legal roadblocks. The Supreme Court is expected to weigh in on whether some of his tariffs were imposed legally.

When are NJ Residents getting the Trump $2,000 Checks?

When The NY Times asked Trump about a timeline, the President said it would likely be toward the end of the year.

Tariffs Likely to Raise the Prices of these Common Items in NJ, NY, and PA

Gallery Credit: Matt Ryan

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