What to know about Trump's $5,000 'dividend' pledge
Summary
President Donald Trump has promised $5,000 to every American adult if Republicans keep control of Congress, prompting questions about legality, cost and inflation. Economists and Democrats have blasted the idea as unaffordable and reckless, saying it could add to already high prices and the deficit.
Key Points
- Trump pledged $5,000 to every American adult if Republicans retain control of the House and Senate in November's midterm elections.
- The proposed payout would cost about $1.384 trillion for all adults, or roughly $1.27 trillion if limited to U.S. citizens.
- Economists say the plan would likely fuel inflation, while the White House has not explained how it would be funded.
- Democrats including Gavin Newsom and Jamie Raskin denounced the proposal as a political bribe and fiscally reckless.
