How would Trump’s $5,000 voting payout work?
President’s pledge to give cash to all American adults if Republicans win midterms will be at heart of his party’s campaign
On Wednesday, President Donald Trump suggested a $5,000 "Trump dividend" payment to every adult U.S. citizen, should his party maintain control of the House of Representatives and Senate during the November 3 midterm elections. This proposal would result in sending checks to approximately 240 million individuals, totaling a staggering $1.2 trillion.
Vice President JD Vance, in an interview following Trump's announcement, proposed the potential use of tariff revenue to fund this unprecedented giveaway. However, the Congressional Budget Office (CBO) estimates that the government has only collected $167 billion thus far in the fiscal year, which concludes on September 30, far short of the $1.2 trillion required to cover the cost of Trump's proposed dividend.
If implemented, this payment would significantly widen the government's budget gap, which is already at concerning levels. The CBO projects that the government will spend $2.1 trillion more than it collects in revenue during the current fiscal year, with this deficit expected to continue growing.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Is Trump's $5,000 'dividend' legal and how would it work? koreatimes.co.kr
