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MoneyThe Guardian (US Pol)

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

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...

Read it at The Guardian (US Pol)

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