3 weeks ago
Trump’s $5,000 Dividend Checks Face a $1.2 Trillion Problem
Donald Trump’s plan involves $5,000 dividend checks.
The plan faces questions about where the money would come from.
The report describes the funding challenge as a $1.2 trillion problem.
Commerce Secretary Howard Lutnick said taxpayers would not pay for the checks.
He also said the payments would not increase the federal deficit.
Lutnick said more than 100,000 people were waiting for the Platinum Card.
He estimated that this waiting list represented $500 billion.
The report does not explain the complete source of the money.
Commerce Secretary Howard Lutnick said the payments would not be funded by taxpayers.
Lutnick said the payments would not add to the federal deficit.
More than 100,000 people were reportedly on a waiting list for the Platinum Card.
Lutnick said the waiting list represented $500 billion.
The report raises questions about how the proposed payments would be funded.
- Who
- Donald Trump and Commerce Secretary Howard Lutnick are associated with the reported payments.
- What
- A proposal for $5,000 dividend checks faces questions about its funding.
- Where
- The discussion was reported by NBC News; no other location is specified.
- When
- Howard Lutnick discussed the payments with NBC News on Thursday.
- Why
- The funding is being questioned because the reported plan involves a $1.2 trillion problem, while Lutnick says it would not rely on taxpayers or increase the federal deficit.
Funding Concern
Administration Position
Who would pay?
Funding Concern
The reported $1.2 trillion figure raises a major question about how the $5,000 checks would be financed.
Administration Position
Howard Lutnick said the payments would not be funded by taxpayers or add to the federal deficit, citing more than 100,000 people waiting for the Platinum Card and a stated value of $500 billion.
Key facts
- Proposed payment
- $5,000 dividend checks
- Reported funding challenge
- $1.2 trillion
- Claim about taxpayers
- Howard Lutnick said taxpayers would not fund the payments.
- Claim about deficit
- Lutnick said the payments would not add to the federal deficit.
- Platinum Card waiting list
- More than 100,000 people
- Estimated value of waiting list
- $500 billion
- Source cited
- NBC News
Quotes
Howard Lutnick
U.S. Commerce Secretary
“We have a waitlist of more than 100,000 people who want to come.”
timesnownews.com
“That's $500 billion.”
timesnownews.com
Sources
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