Home Business & Finance Taxes wouldn’t fund $5,000 Trump ‘dividend’ if...
Business & Finance

Taxes wouldn’t fund $5,000 Trump ‘dividend’ if Republicans win midterms, says commerce secretary

Key Points

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...

Lutnick said $500bn of estimated $1tn needed to fund checks to all US adults could come from new visa program

Donald 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...
Trump (ORG) Republicans (ORG) Lutnick (ORG) US (LOCATION) Congress (ORG) Howard Lutnick (PERSON) NBC News (ORG) Donald Trump (PERSON)
Originally published by The Guardian World Read original →