Commerce Secretary Says Trump’s $5,000 Dividend Plan Lacks Tax Funding
Commerce Secretary Howard Lutnick clarified that Donald Trump's proposed $5,000 dividend for adults would not be supported by anticipated tax revenues if Republicans win the midterms. Instead, the funding is expected to come from new revenue sources, such as a visa program.
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Commerce Secretary Howard Lutnick stated that the proposed $5,000 "dividend" for US adults by Donald Trump would not be funded through tax revenues but through new revenue sources such as a visa program expected to raise $500 billion. Trump’s idea, potentially costing $1 trillion if distributed to all Americans, was compared to a previous one-time payment made to 1.45 million military service members and is criticized amid rising national debt, which has increased nearly 300% to over $40 trillion since 2008. While some officials floated various funding mechanisms, including tariff revenues, the legitimacy and feasibility of the dividend remain contentious, especially given a poll indicating only 32% approval of Trump's economic handling.