President Donald Trump offered a vague answer when asked about the timing of the $5,000 “Trump Dividend” checks he said his administration would send to Americans after the midterms.
The Republican, who outlined the plan last night at the GOP’s midterm convention in Texas, spoke with Fox News’ Laura Ingraham about the check plan after his speech.
During the interview, the president was asked why he was promising to send the checks after the midterms if the money was available now.
“Because the Democrats can’t do it. Because with them, it’s negative growth. With us, it’s so positive,” Trump said. “So, we’re taking in $21 trillion. No country has ever taken in anywhere near that. It’s four or five times higher than the next one. All because of that beautiful word you and I love more than most others, tariffs.”
(It is unclear what $21 trillion the president was talking about, but neither his tariffs nor investment commitments to the U.S. have brought in that much money alone during his administration.)
There is $167b tariff revenue for first 11 months of fiscal year. 2027 is forecast to bring in $160b. There are legal challenges to those as well. $21T needs 150 years of continuity of his crazy. Not to mention, he’s threatened to bring tariff revenue to 0 by eliminating all trade next week after Fed raises interest rates.
The promise costs $1.325T. At 5% interest 10 year bond financing, total 10 year tariff hopeful revenue would still be a $387.5B net loss after then end of his 4th term :P
If “Dems really can’t do it”, all the more reason to do it alone now just to make sure Americans get rewarded for all the tremendous success/winning he’s accomplished.
How DARE you do math!