🇺🇸 Donald Trump · 2 sources
Trump touts $5K checks, but Treasury adviser says well cross that bridge on funding
What happened
President Trump has suggested sending $5,000 checks to Americans if Republicans gain a majority in Congress, but a Treasury adviser, David Zervos, stated that the administration currently has no specific plan to compensate Americans and will cross that bridge when the time comes. Zervos noted that the administration would need to determine how to fund the checks, suggesting that there are various ways to address the issue. Vice President JD Vance proposed using tariff revenue to fund the checks,
Why it matters
The proposal raises concerns about the funding source for the checks, with estimates suggesting a price tag of $1.2 trillion to $1.35 trillion, which could exacerbate the rising U.S. deficit.
Key facts
- President Trump's proposal would affect approximately 240 million U.S. citizens
- The estimated price tag for the checks is $1.2 trillion to $1.35 trillion
- A Treasury adviser expressed uncertainty about the funding plan
- Vice President JD Vance suggested using tariff revenue to fund the checks
- Senator Bernie Moreno plans to introduce a bill to make the proposal a law
Official statement
“There's a variety of different ways you can look at, skinning that cat and coming up with funding,”
🇺🇸 Donald Trump · Full statement & source
Topics
Publisher evidence used
Reporting attributed to nebraska.tv. WorldLeadersNews links readers to the publisher and does not present a headline-only item as a full article analysis.
Also reported by
- wcyb.comSource
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