1
1
WASHINGTON — US President Donald Trump has pledged to provide a $5,000 payment to every adult US citizen if Republicans retain control of both the House of Representatives and the Senate in the November midterm elections.
Trump made the proposal during the Republican Party’s midterm convention in Dallas, describing the payment as a “Trump Dividend” and comparing it to distributions made by successful companies to their shareholders. He said recipients would be required to spend the money in the United States.
The proposal could cost more than $1 trillion and would require congressional approval. Trump did not provide details on how the payments would be financed or administered.
Vice President JD Vance subsequently appeared to qualify the proposal, suggesting that wealthier Americans might be excluded and that tariff revenues could potentially be used to finance the payments. However, the proposed cost substantially exceeds the revenue generated by US tariffs.
The pledge comes as Republicans seek to maintain their control of Congress amid challenging political conditions ahead of the November 3 elections. Trump has sought to make the midterm campaign heavily centered on his administration’s record and has pledged to campaign in key Senate and House contests across the country.
Fiscal policy experts have questioned the feasibility of the proposed payments. Marc Goldwein of the Committee for a Responsible Federal Budget said the president does not have the authority to distribute such funds without congressional approval, while noting that the United States is already running large annual budget deficits and has accumulated more than $40 trillion in national debt.
The proposal also comes against the backdrop of concerns over inflation, energy prices and the economic effects of the ongoing conflict involving Iran. Trump acknowledged during his convention address that the conflict had affected energy prices and financial markets, while defending his decision to intervene militarily.
Trump had previously discussed the possibility of providing Americans with a $2,000 dividend but had not tied the proposal directly to Republican electoral success. The latest pledge marks a significant expansion of that earlier proposal and places direct economic assistance at the centre of his party’s midterm campaign message.
Republicans are seeking to defy the historical tendency for the president’s party to lose congressional seats during midterm elections. With control of both chambers at stake, the proposed dividend is likely to become a prominent element of the political debate over the economy, government spending and the administration’s fiscal policies.