What to Know About Trump's $5,000 'Dividend' Pledge
Economists said the checks could worsen inflation and add more than $1 trillion to the federal deficit.
- On Wednesday, President Donald Trump pledged $5,000 dividend checks for every adult American if Republicans retain control of Congress in the November midterm elections, speaking at the Republican National Convention in Dallas, Texas.
- Trump's proposed dividend checks would cost roughly $1.3 trillion to cover 270 million American adults, building on his previous proposals to fund distributions through import tax revenue.
- Brett House of Columbia Business School stated such initiatives are unlikely to become policy, as economists warn that injecting "mad money" would exacerbate inflation and spike borrowing costs.
- Garrett Watson of the Tax Foundation argued the president is "promising something that almost certainly can't be done," as any broad-based benefit program requires legislative approval from Congress.
- Meanwhile, the Treasury Department reported the U.S. national deficit nears $1.8 trillion, while total national debt stands at $40 trillion; experts warn that adding massive spending amid supply-side pressures risks economic crisis.
13 Articles
13 Articles
What to know about Trump's $5,000 'dividend' pledge
US President Donald Trump will offer $5,000 to all American adults if the Republican party is successful in upcoming November midterm elections. He promises the handouts should the party retain control of both the House of Representatives and the Senates, but Federal law prohibits payment in exchange for votes.
Trump Admin Proposes $5,000 Direct Cash 'Dividend' For Americans
A new proposal from the Trump administration outlines a plan to send $5,000 cash payments directly to American citizens, framing the initiative as a “Trump Dividend.” According to release materials, the payments are modeled after corporate dividends, which distribute company profits back to shareholders. The release states that the funds would be made possible through […] Trump Admin Proposes $5,000 Direct Cash ‘Dividend’ For Americans
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