Top things to know
- President Donald Trump promised a $5,000 cash payout to every American adult if Republicans retain control of both chambers of Congress in November.
- The proposed plan carries an estimated cost of over $1.3 trillion based on the country's adult population.
- The pledge has drawn sharp criticism and skepticism from Democrats, economists, and legal experts over its cost, legality, and potential to increase inflation.
US President Donald Trump has pledged a $5,000 cash dividend to every American adult if Republicans retain control of the House and Senate in the upcoming November midterm elections. Announced during a speech at the party's convention in Dallas, Texas, the trillion-dollar proposal has triggered intense debate regarding its feasibility, legality, and economic impact.
With an estimated adult population of roughly 270 million, the plan carries a massive price tag exceeding $1.3 trillion. While Vice-President JD Vance linked the payout to revenue raised from US import tariffs, critics and legal experts questioned whether the offer violates anti-corruption laws or requires congressional authorization. Economists also warned that the direct cash handout could worsen national consumer inflation.