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A $2,000 payment promised to almost all Americans: what is Donald Trump up to?

by Priya Shah – Business Editor

trump Promises $2,000 Payments, Raising Questions of Feasibility and Motive

WASHINGTON – Former President Donald trump announced Sunday he intends too ⁣distribute a $2,000 dividend to ⁤most Americans, a promise ⁤that promptly drew scrutiny ‌regarding its practicality and potential political motivations. The announcement, made on his ​Truth Social network, comes as⁤ economic‌ pressures ⁢persist and follows‍ a recent challenging period for ​Trump, who ⁢reportedly attempted ⁢to deflect‍ attention from a recent undisclosed “affair.”

Trump framed⁣ the potential ​payment as a fulfillment ⁢of past campaign promises and a rebuke to the Supreme Court, accusing it of hindering Americans⁤ from​ receiving $2,000 payments ‍previously discussed. ‌He stated ‍the dividend would ⁢be funded through the nation’s economic gains, ‍citing⁤ “record stock prices” and increased ‍investment. “We are raking‍ in trillions of dollars ⁤and will⁢ soon start paying off​ our⁤ HUGE $37 trillion debt,” Trump‌ wrote. He specified ​the payment would exclude “high-income earners!”

However, the announcement lacked specifics regarding funding mechanisms or implementation. ⁣Any such ⁤plan would require approval from‍ the U.S. Congress, presenting ‍a ⁢significant hurdle.

The timing of the announcement has also raised eyebrows, coinciding with the election of socialist Zohran mamdani as ‍mayor of New York City. Trump criticized Mamdani’s ‍progressive policies, including proposals for free public transportation and daycare, labeling them “communist.” Analysts suggest Trump’s move could be an attempt to divert attention ⁤from ‍Mamdani’s victory⁢ and energize his base.

The promise echoes a‍ similar,⁣ unrealized proposal from Elon Musk‍ earlier this year, when he ⁣headed DOGE ‌(Department of ⁤Government ‌Efficiency), to redistribute $5,000 to ​Americans ⁤through budget cuts.

Scott Bessent, Secretary ​of State for ‍the budget, suggested the​ payments could ⁤be achieved through ​existing tax cut ⁢proposals, including eliminating ⁣taxes on‍ tips, making overtime‌ tax-free, ⁤and allowing deductibility of⁣ automobile credits, ⁣as reported by ​ Les Echos.This statement appeared to be an‌ attempt to downplay the scale of the new commitment.

Trump also used​ the ​announcement to attack his critics, labeling​ those who oppose tariffs ⁤as “IDIOTS!” and touting the United States as “the richest and most respected country ​in the world.”‍

It remains unclear how Trump intends to “pay” for the ⁤proposed dividend, and whether the announcement represents‌ a serious policy ‍proposal or a strategic maneuver​ to shift the narrative.

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