US Secretary Lutnick Announces Details on $5,000 Trump Dividend
It has been announced that the $5,000 payment proposed if Republicans win the midterm elections will not be funded from taxes.
US Secretary of Commerce Howard Lutnick has announced that the $5,000 "Trump dividend" payment promised to all adults if Republicans win Congress in the November midterm elections will not be financed by tax revenues.
Funding Source of the Payment
In an interview with NBC News, US Secretary of Commerce Howard Lutnick emphasized that this payment would not use tax money, stating that the administration could create a revenue source independent of the budget deficit and taxpayers.
Trump's Rally Announcement
Speaking at a Republican midterm rally in Dallas, Texas, Donald Trump had announced that thanks to economic achievements, a $5,000 dividend payment would be made to US adults.
Tariffs and Visa Program
While it has been suggested that part of the proposal, which could cost up to $1 trillion, could be covered by tariffs, it was stated that the Department of Commerce is also considering fees collected from wealthy individuals wishing to extend visa durations as a source.
Debates Within the Administration
While National Economic Council Director Kevin Hassett stated they are considering a reconciliation process in Congress, JD Vance argued that customs revenues would cover the cost of the payments and that they would not go to the wealthy.