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Trump reiterates $5,000 ‘dividend’ pledge if Republicans win midterms
The Guardian • • nation
Key Points:
- Former President Donald Trump reiterated his pledge to give US adults a $5,000 "dividend" if Republicans retain control of Congress after the November midterm elections, a plan estimated to cost over $1.2 trillion.
- The proposal has faced widespread criticism from Democrats and fiscal experts, who warn it would significantly increase the national deficit and inflation, especially amid concerns over the US national debt exceeding $40 trillion.
- Some Republicans, including Senator Bernie Moreno, have expressed support for the plan, while House Speaker Mike Johnson acknowledged that details need to be worked out before any implementation.
- Democratic leaders, including House Minority Leader Hakeem Jeffries and California Governor Gavin Newsom, dismissed the plan as unrealistic and an attempt to bribe voters amid Trump's declining poll numbers and ongoing geopolitical tensions.
- The plan would require Congressional approval, and its feasibility remains highly uncertain given the current political and economic climate.
