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Trump’s promise of $5,000 ‘dividend’ for US citizens after midterms decried as ‘bribery’
The Guardian • • general
Key Points:
- Donald Trump announced a $5,000 “Trump dividend” payment to every US citizen if Republicans retain control of Congress in the November midterm elections, a proposal that has drawn skepticism and accusations of bribery.
- Experts estimate the plan would cost about $1.2 trillion annually, significantly increasing the national deficit and potentially fueling inflation, with no clear explanation of how it would be funded.
- Democratic leaders condemned the proposal as a corrupt attempt to buy votes, highlighting Trump’s history of unfulfilled promises and the economic struggles faced by working families.
- Some Republicans expressed doubt about the feasibility of the plan, while others, like Senator Bernie Moreno, pledged to support legislation to implement the dividend if Republicans win the election.
- Financial markets reacted negatively, with bond investors selling Treasuries amid concerns over the fiscal irresponsibility of the proposal and its impact on the US economy.
