President Trump Proposes $5,000 Dividend for Every Adult Citizen if Republicans Win Midterm Elections
President Trump proposed a $5,000 dividend for every adult citizen in the United States, provided that Republicans win both the House and Senate in the upcoming midterm elections. The president referred to this payment as the "Trump Dividend" and stated that the money must be spent within the United States rather than in other countries.
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During a keynote address at the first Republican midterm convention, President Trump stated that the country is performing well economically and that the payments would be a great infusion of money. He indicated that he does not believe Congress would need to approve the payments, though the public does not yet know the legal authority for such a move. Florida Governor Ron DeSantis expressed caution regarding the proposal. He noted that while surplus revenue should be used to cut taxes, borrowing money to fund the dividend would increase inflation and debt. DeSantis stated that the government's incentives are often to add debt for short-term political benefit, and he advocated for a Constitutional amendment to require a balanced federal budget.
Sources
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DeSantis issues warning on Trump $5K dividend
Fox Business
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President Trump says he doesn't think $5,000 dividend payments would need to be approved by Congress - CBS Texas
cbsnews.com