Trump says he will give every US adult $5,000 if GOP wins in mid-terms; his aide reveals how
Donald Trump has proposed a $5,000 dividend for US adults if Republicans win the upcoming midterm elections. Administration officials suggest the plan would be funded through visa fees and investment returns rather than tax revenue.
Why it matters
The proposal raises significant questions regarding economic feasibility and the potential use of government programs to generate direct cash payouts to citizens.
US Commerce Secretary Howard Lutnick has said Donald Trump’s proposed USD 5,000 “dividend” for American adults would not be funded through tax revenue amid questions over how the plan would be financed.According to The Guardian, Trump has proposed the one-time payment if Republicans retain control of both chambers of Congress in November’s midterm elections. Trump announced the plan at a Republican convention rally in Dallas, Texas, but did not provide details on how the payments would be funded.Where will the $5,000 come from?Speaking to NBC News, Lutnick said: “It’s not tax money”.
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