Why not to bank on Trump's $5,000 dividend checks happening
Summary
President Donald Trump promised to give every adult American $5,000 if Republicans keep control of both the House and Senate after the November elections. However, there are many obstacles to this happening, including the high cost, lack of congressional support, and previous failed promises of similar payments.Key Facts
- Trump promised $5,000 to each adult American if Republicans win both houses of Congress.
- About 245 million U.S. adults would need to be paid, costing over $1.2 trillion.
- The payment would require approval by both the House and Senate through a new law.
- Republican leaders have not supported this idea and want to cut spending instead.
- Polls show Republicans might lose control of one or both chambers, making approval harder.
- Trump previously suggested payments using revenue from tariffs, but the money collected is much less than needed.
- Past promised payments, including tariff refunds and “DOGE dividends,” were never given to the public.
- Tariff revenue is expected to cover at most 60% to 75% of the cost of the $5,000 payments over 10 years.
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