



President Trump used a nearly two-hour convention speech in Dallas to announce a $5,000 payment to every American adult, contingent on Republicans keeping Congress in November, and asked recipients to spend it domestically.
The Committee for a Responsible Federal Budget put the price tag at roughly $1.2 trillion and called the plan fiscally dangerous given a national debt already equal to the size of the economy and annual deficits of $2 trillion. The Tax Foundation separately found that Trump's tariffs would generate only about $124.9 billion in 2027, a tenth of what the dividend would cost.
Vice President Vance told Fox News the payments would be funded by tariff revenue and framed them as a reward for keeping Republicans in power. Trump has previously promised similar payments, in 2025 from tariffs and via Musk's DOGE project, neither of which materialized; the Supreme Court struck down the emergency tariffs in February and the government is now refunding nearly $170 billion in collected duties.
The full dispatch is available from the source below.