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Capitol Conversations: U.S. Rep. Olszewski on Trump's $5K Promise, 'Trying to Bribe Americans'
The proposal would cost about $1.2 trillion and needs congressional approval before any payments could be sent, according to Reuters and The Associated Press.
On Wednesday, President Donald Trump promised a $5,000 'Trump Dividend' for every American adult if Republicans retain control of Congress during the GOP midterm convention in Dallas.
Trump described the proposed payment as a reward for Americans who endured 'horrible' conditions under President Joe Biden, claiming tariff revenue could fund the initiative.
The proposal would cost exceeding $1.3 trillion for 270 million adults, creating fiscal concerns as the United States national debt reached a record-high $40 trillion earlier this year.
Kentucky Republican Thomas Massie and other critics questioned the proposal's legality, noting Congress holds constitutional authority over federal spending, not the president.
Trump previously pledged similar dividends from tariff revenue and Department of Government Efficiency savings, yet none of those past proposals materialized for American citizens.