Trump’s proposed ‘Golden Dome’ estimated to cost $1.2 trillion, far more than he initially said
Summary
President Donald Trump’s proposed missile defense system, called the “Golden Dome,” is estimated to cost $1.2 trillion, much more than the $175 billion he initially stated. The Congressional Budget Office says the high cost is due to limited details from the Defense Department and the system’s complex design, which includes ground and space elements to detect and stop missile attacks.Key Facts
- The “Golden Dome” is a missile defense program aiming to protect the U.S. from advanced missile threats.
- The Congressional Budget Office (CBO) estimates the program’s cost at $1.2 trillion.
- President Trump first announced the program and expected it to be operational by January 2029.
- The program was inspired partly by Israel’s "Iron Dome" missile defense system.
- Congress has approved about $24 billion for the project so far.
- The Defense Department has not provided enough details to fully estimate the long-term cost.
- The CBO’s estimate is based on one possible approach and is not an exact administration proposal.
- Senator Jeff Merkley criticized the plan as giving money to defense contractors paid by taxpayers.
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