Taxes wouldn’t fund $5,000 Trump ‘dividend’ if Republicans win midterms, says commerce secretary
Lutnick said $500bn of estimated $1tn needed to fund checks to all US adults could come from new visa program Donald Trump ’s controversial proposal to give a $5,000 “dividend” to all US adults if Republicans maintain control of Congress in November’s elections would not be paid out from US tax revenues, according to the US commerce secretary, Howard Lutnick. “It’s not tax money,” Lutnick said in…
Senator Roger Marshall from Kansas seemed to change his stance on President Trump's proposed $5,000 dividend during a debate at the Kansas State Fair. When asked about the plan's $1.2 trillion cost and its impact on the growing national debt, Marshall began to respond but his exact words were not reported.
The proposal, which involves giving a $5,000 "dividend" to all US adults, has been estimated to cost $1 trillion. According to US Commerce Secretary, Howard Lutnick, $500 billion of the estimated cost could come from a new visa program. Lutnick stated that the funds for the dividend would not come from US tax revenues or the deficit.
Marshall's Democratic opponent, Adam Hamilton, was also asked about the proposal during the debate, but details of his response were not provided. The debate took place at the Kansas State Fair, where both candidates were questioned on various topics.
Brief written by urgent.news from The Hill, The Guardian US — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
