A top administration official has dismissed concerns that a proposed $5,000 dividend for all U.S. adults would rely on tax revenue, insisting the funds would instead come from new economic measures. The plan, tied to Republican control of Congress, would require an estimated $1 trillion in total, with half potentially generated through a new visa program. Critics have questioned how the payments would be financed without adding to the national deficit or burdening taxpayers. The administration argues the money could be "earned" through alternative funding streams.
Lutnick said $500bn of estimated $1tn needed to fund checks to all US adults could come from new visa programDonald Trump’s controversial proposal to give a $5,000 “dividend” to all US adults if Republicans maintain control of Congress in November’s elections would not be paid out from US tax revenues, according to the US commerce secretary, Howard Lutnick.“It’s not tax money,” Lutnick said in an interview with NBC News, adding that the administration could “earn the money that Donald Trump wants to pay out, not from the deficit and not from taxpayers”. Continue reading...
