Trump’s promise of $5,000 ‘dividend’ for US citizens after midterms met with incredulity
Summary
President Donald Trump promised to give every US adult citizen $5,000 if Republicans keep control of Congress in the November midterm elections. Experts and politicians questioned how this plan would be paid for, as it could cost over $1 trillion and increase the national debt and inflation.Key Facts
- President Trump announced a "$5,000 Trump dividend" payment to US citizens if Republicans win the midterms.
- The US has about 240 million adult citizens, making the total cost around $1.2 trillion.
- The US national debt recently passed $40 trillion.
- Experts say this large payment could increase the deficit (the amount the government borrows) and inflation (rising prices).
- Some Republicans, like Representative Chip Roy, expressed doubt about how to pay for it.
- Democrats, including California Governor Gavin Newsom, sharply criticized the proposal as unrealistic and politically motivated.
- Tariff revenues collected by the government would take about five years to cover this payment if all were used for it.
- Some Republicans, like Senator Bernie Moreno, support the idea and plan to push a related bill after the election.
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