Commerce Secretary Says Trump's Proposed $5,000 Dividend Would Not Come From Tax Revenue
Source Summary
Commerce Secretary Howard Lutnick stated that Donald Trump's proposal to distribute $5,000 to all US adults would not be funded by tax revenues or deficit spending. Lutnick indicated that approximately $500 billion of the estimated $1 trillion needed could come from a new visa program, with the administration seeking to "earn" the remaining funds.
Why it matters
The commerce secretary's statement clarifies the Trump administration's funding mechanism for a major campaign proposal ahead of the November midterm elections.
What remains uncertain
The source does not specify how the remaining approximately $500 billion beyond the visa program revenue would be earned or obtained.
