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After Trump says he doesn't need Congress for his $5,000 'dividend,' House Speaker says not so fast
Fortune • • nation
Key Points:
- Former President Trump promised a “Trump Dividend” of $5,000 payments if voters keep Republicans in power, claiming Congress might not need to authorize the plan despite its potential $1 trillion cost.
- Louisiana Republican Congressman Mike Johnson stated that congressional approval would be necessary but expressed willingness to help push the proposal through despite a narrow GOP majority.
- The plan raises concerns about worsening the nearly $1.8 trillion budget deficit and fueling inflation amid an economy challenged by rising interest rates and weak consumer sentiment.
- Trump insists the strong U.S. economy can easily support the payments, emphasizing his commitment to fulfilling the pledge despite skepticism from economic experts and lawmakers.
- Public approval of Trump’s presidency remains low, with only one-third of U.S. adults approving his performance, including major disapproval of his handling of the economy and immigration.
