Trump sees backlash over $5K dividend pledge
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Trump sees backlash over $5K dividend pledge President Trump’s promise to distribute $5,000 to every U.S. adult if the GOP wins the midterms is drawing backlash from Republicans and Democrats as the president’s allies are forced...
President Trump has promised to distribute $5,000 to every U.S. adult if the GOP wins the midterms. This pledge has drawn backlash from both Republicans and Democrats.
Palantir cofounder Joe Lonsdale, who endorsed Trump ahead of the 2024 election, has criticized the proposal, calling it a "bribe" and invoking the phrase "bread and circuses," which refers to using food and entertainment to placate the masses. Lonsdale questioned why the administration would stop at $5,000, suggesting that if the idea is to make people rich, then why not give them more.
The proposal has been made as the Republican Party faces an uphill task in the midterms, with Trump's approval ratings at an all-time low and recent losses for Trump-supported candidates in GOP primaries. According to The Hill, Trump's allies are being forced to respond to the backlash.
Brief written by urgent.news from The Hill, Business Insider, Hindustan Times - World News, Punch Nigeria — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.