Trump’s promise of $5,000 ‘dividend’ for US citizens after midterms decried as ‘bribery’
Critics react to bid for Republican votes with incredulity and point to potential $1.2tn cost atop existing national debt
TL;DR
- Donald Trump promised a $5,000 "Trump dividend" for every US citizen if Republicans win in the midterm elections.
- The proposal has been criticized as bribery and faces incredulity due to its potential cost.
- The estimated cost of the dividend is $1.2 trillion in one year, which critics argue will significantly increase the national debt and inflation.
- Democratic leaders, including Gavin Newsom and the DNC, have strongly condemned the pledge.
- Some Republican figures, like Chip Roy, have questioned how the dividend would be funded, while others, like Bernie Moreno, have promised to support it.
- Economists like Peter Schiff noted the pledge's negative impact on financial markets and called it reckless.
- JD Vance suggested the dividend might be means-tested, a departure from Trump's initial broad announcement.