Bessent also gave more details on eligibility for the checks, saying that they would be "for working families" and would have an income limit. On Monday afternoon, the president even set a timeline for his proposal. Answering questions in the Oval Office, Trump said Americans can expect the checks around mid-2026. "We have thousands of dollars for individuals of moderate income, middle income. We are going to pay down debt," he said. "We have a lot of money from tariffs; if we didn't have tariffs, this country would be in serious trouble."