If You Think Inflation and Bond Yields Are High Now, a Potential $5,000 "Trump Dividend" Could Send Both Into the Stratosphere
If history serves as a guide, a sizable “Trump Dividend” would be disastrous.
Election season is in full swing, with campaign promises intensifying ahead of the Nov. 3 midterms. While not every legislation passed in Washington, D.C., will impact Wall Street, the composition of Congress can influence fiscal policy, which directly affects major stock market indexes such as the Dow Jones Industrial Average (DJINDICES:^DJI), the S&P 500 (SNPINDEX:^GSPC), and the Nasdaq Composite (NASDAQINDEX:^IXIC).
Though campaign pledges may not always materialize, certain ones seem more significant than others. On September 9, President Donald Trump announced a proposal to pay a $5,000 "Trump Dividend" to every adult U.S. citizen, provided Republicans maintain their majorities in the House of Representatives and Senate. The potential impact of President Trump's $5,000 Dividend proposal on the economy and stock market could be substantial. Image source: Official White House Photo by Daniel Torok.
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