Trump's $5,000 Dividend Promise Draws Backlash, Legal Questions
The proposal would cost about $1.384 trillion and likely require congressional approval, while economists and tax experts question its effect on inflation and deficits.
- On Wednesday, President Donald Trump pledged $5,000 dividends to every American adult during the Republican National Committee's midterm convention in Dallas, conditional on Republicans retaining control of Congress in November.
- Experts warn the proposal could cost about $1.384 trillion, adding to national debt and potentially worsening inflation; The Committee for a Responsible Federal Budget described the pledge as "fiscally dangerous."
- Critics quickly condemned the announcement, with Democratic Congresswoman Betty McCollum calling it a "desperate gimmick" and Republican Representative Thomas Massie posting on X that he felt "insulted by the notion that my vote this November could be bought for 5k."
- Constitutional barriers complicate the proposal, as the U.S. Constitution bars the president from spending Treasury funds without congressional authorization; FOX 9 Political Analyst David Schultz warned it "runs dangerously close to violating federal and state laws."
- This promise follows several previous unfulfilled cash pledges, including $2,000 checks from tariff revenue that have not materialized since the Supreme Court struck down many of the tariffs intended to fund them.
24 Articles
24 Articles
Donald Trump's promise to pay everyone $5,000 has sparked urgent discussions in the White House. While the proposal is estimated to cost around $1 trillion, Republicans and economists argue the plan is unrealistic.
Can Trump Really Pay Every Adult American a $5,000 Dividend? Apart from the fact that this promise is reminiscent of a bribe, the US budget does not allow it. And it needs congressional approval. The post “Take the world” or buy votes — Why the $5,000 promised by Trump probably won't give appeared first on in.gr.
US President Trump promises $5,000 to every U.S. citizen – if they choose him. But what happens if the state transfers money to its citizens on a large scale? You don't have to look too far back to find answers.
US President Donald Trump promised $5,000 (R$25.5 thousand) to each "American adult" if Republicans retain control of the House of Representatives and Senate in the November elections in the United States. The promise generated questions about their legality, their cost and the origin of the money. Analysis: In a new scandal to democracy, Trump reveals despair when offering money to Americans to vote in the Republicans' Trump Dividends: Promise …
Mostly, of course, because of its impracticability.
REPUBLICAN Senator Susan Collins has criticized Donald Trump's plan, according to which every adult American would receive a payment of $5,000.
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