Close Menu
  • Home
  • Tech&AI
    • Claude AI
    • Chatgpt
    • Gemini
    • Grok
  • News
    • Canada
    • United States
    • Australia
    • Europe
    • Asia
    • Africa
    • Politics
  • Classifieds Toronto
  • Service Canada
    • Immigration and citizenship
    • Renew your passport online in Canada
    • Service Canada
    • Service Ontario
      • Service Toronto
    • Service Alberta
      • Service Edmonton
      • Service Calgary
    • British Columbia
      • Victoria
      • Vancouver
    • Manitoba
      • Winnipeg
    • Quebec
      • Quebec City
      • Montreal
    • Newfoundland and Labrador
      • St. John’s
    • New Brunswick
      • Fredericton
      • Saint John
    • Nova Scotia
      • Halifax
    • Prince Edward Island
      • Charlottetown
    • Saskatchewan
      • Regina
      • Saskatoon
  • Education&Jobs
    • Universities in Canada
    • Toronto public schools
    • Free English lessons
    • Language Assessment and Referral Services
    • Toronto Public Library
    • Jobs in Canada
    • Job-Manpower
  • Home&Lifestyle
    • Buy or Rent a house
      • Realtor
      • Apartments for Rent in Toronto
    • Health
      • General hospital locations
      • Find a doctor or nurse
      • Health Canada
      • Toronto Health & Wellness
      • LifeLabs-Canada’s largest lab
    • Travel
      • Travel and tourism
      • Visit Toronto
      • Air Canada
    • Entertainment
    • Sports
  • Business
    • Finance
      • TD Bank
      • RBC Bank
      • CIBC Bank
      • BMO Bank
      • Scotia Bank
      • National Bank
    • Investing
      • Invest Canada
    • Companies
      • Ontario Business Registry
      • Trademarks
    • Stocks
      • Toronto stock Exchange
      • The New York Stock Exchange
      • Nasdaq: Stock Market
      • Yahoo Finances
    • Markets
      • Exhibition place
      • Metro Toronto Convention Centre
      • THE INTERNATIONAL CENTRE
      • Traders Forum Show
    • Crypto
    • Economy
  • Store
    • Make grocery shopping simple
    • Shopping Centres & Department Stores
    • COSTCO
    • Canadian Tire
    • Home Depot
    • Walmart
    • Foodbanks & Charities
  • Free TV
    • Free TV
    • Watch Free Movies Online with Plex
    • Korean TV
  • Free Games
    • Free Game1
    • Free game2
    • Europe
What's Hot

Wedding called off due to Lindsay Clancy trial reaction, caca bucket used in affair ambush & innocently flirty

September 10, 2026

Michigan man dies in apparent lightning strike near Celebration, Florida

September 10, 2026

Sask. had wildfire report months before release: Opposition

September 10, 2026
Facebook X (Twitter) Instagram
Thursday, September 10
The Smart Times Toronto
Subscribe
  • Home
  • Tech&AI
    • Claude AI
    • Chatgpt
    • Gemini
    • Grok
  • News
    1. Canada
    2. United States
    3. Australia
    4. Europe
    5. Asia
    6. Africa
    7. Politics
    8. View All

    Sask. had wildfire report months before release: Opposition

    September 10, 2026

    Want 2019 housing affordability? Canada must double building rate: CMHC – National

    September 10, 2026

    Tornado confirmed in Winnipeg neighbourhood, another west of the city – Winnipeg

    September 10, 2026

    Are you willing to pay more to stand up to the U.S.? What readers told us – National

    September 10, 2026

    Michigan man dies in apparent lightning strike near Celebration, Florida

    September 10, 2026

    WWE broadcaster Corey Graves hypes Triplemania 34 before Night 1 in Las Vegas

    September 10, 2026

    Bush and Condoleezza Rice recall thinking Flight 93 was shot down

    September 10, 2026

    NYC Mayor Mamdani says Morales win proves voters want rent control

    September 10, 2026

    'Magnitude slowly hit': 9/11 remembered 25 years on

    September 10, 2026

    Houthi rebels take over strategic port city in Yemen

    September 10, 2026

    Wall Street slips on producer inflation data

    September 10, 2026

    China hopes to soon agree on tariff reductions with US

    September 10, 2026

    Suspected gunman in Thailand kindergarten shooting surrenders after 18-hour standoff

    September 10, 2026

    Chinese auto supplier compensates 107 graduates fired barely a month into jobs, punishes managers

    September 10, 2026

    India gets one of world’s steepest iPhone price hikes

    September 10, 2026

    Thailand to increase tax on EV imports, official says

    September 10, 2026

    Why not to bank on Trump’s $5,000 dividends happening

    September 10, 2026

    Alcohol-attributable cancer deaths in the US have doubled since 1990, study finds

    September 10, 2026

    Supreme Court blocks Missouri from using new map favoring GOP in midterm elections

    September 10, 2026

    9/11 responder diagnosed with cancer says he would serve again knowing consequences

    September 10, 2026

    Michigan man dies in apparent lightning strike near Celebration, Florida

    September 10, 2026

    Sask. had wildfire report months before release: Opposition

    September 10, 2026

    'Magnitude slowly hit': 9/11 remembered 25 years on

    September 10, 2026

    Suspected gunman in Thailand kindergarten shooting surrenders after 18-hour standoff

    September 10, 2026
  • Classifieds Toronto
  • Service Canada
    • Immigration and citizenship
    • Renew your passport online in Canada
    • Service Canada
    • Service Ontario
      • Service Toronto
    • Service Alberta
      • Service Edmonton
      • Service Calgary
    • British Columbia
      • Victoria
      • Vancouver
    • Manitoba
      • Winnipeg
    • Quebec
      • Quebec City
      • Montreal
    • Newfoundland and Labrador
      • St. John’s
    • New Brunswick
      • Fredericton
      • Saint John
    • Nova Scotia
      • Halifax
    • Prince Edward Island
      • Charlottetown
    • Saskatchewan
      • Regina
      • Saskatoon
  • Education&Jobs
    • Universities in Canada
    • Toronto public schools
    • Free English lessons
    • Language Assessment and Referral Services
    • Toronto Public Library
    • Jobs in Canada
    • Job-Manpower
  • Home&Lifestyle
    • Buy or Rent a house
      • Realtor
      • Apartments for Rent in Toronto
    • Health
      • General hospital locations
      • Find a doctor or nurse
      • Health Canada
      • Toronto Health & Wellness
      • LifeLabs-Canada’s largest lab
    • Travel
      • Travel and tourism
      • Visit Toronto
      • Air Canada
    • Entertainment
    • Sports
  • Business
    • Finance
      • TD Bank
      • RBC Bank
      • CIBC Bank
      • BMO Bank
      • Scotia Bank
      • National Bank
    • Investing
      • Invest Canada
    • Companies
      • Ontario Business Registry
      • Trademarks
    • Stocks
      • Toronto stock Exchange
      • The New York Stock Exchange
      • Nasdaq: Stock Market
      • Yahoo Finances
    • Markets
      • Exhibition place
      • Metro Toronto Convention Centre
      • THE INTERNATIONAL CENTRE
      • Traders Forum Show
    • Crypto
    • Economy
  • Store
    • Make grocery shopping simple
    • Shopping Centres & Department Stores
    • COSTCO
    • Canadian Tire
    • Home Depot
    • Walmart
    • Foodbanks & Charities
  • Free TV
    • Free TV
    • Watch Free Movies Online with Plex
    • Korean TV
  • Free Games
    • Free Game1
    • Free game2
    • Europe
The Smart Times Toronto
Home»Politics
Politics

Why not to bank on Trump’s $5,000 dividends happening

Press RoomBy Press RoomSeptember 10, 2026No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Reddit Telegram WhatsApp
Share
Facebook Twitter LinkedIn Pinterest Reddit Telegram WhatsApp

Washington — President Trump pledged to give every American adult $5,000 if Republicans keep the House and Senate in November, framing it as a dividend made possible by the country’s “tremendous economic success.”

But the president’s pledge at the Republican National Committee’s midterm convention has political and logistical hurdles. And Mr. Trump has yet to follow through with other universal cash payments he’s promised to Americans thus far, with the Trump Accounts for babies born during his time in office being an exception. 

The Census Bureau says there are about 245 million U.S. citizens over 18, so if the Trump administration gave $5,000 to every adult U.S. citizen, it would cost over $1.2 trillion. CBS News has asked the White House for details on the president’s plan, including whether the money would come in the form of a check or some other way. 

Here are the reasons why Americans might not want to count on that $5,000. 

The payments would have to pass both chambers of Congress

Giving $5,000 to each American adult would require an act of Congress. Republicans already control both chambers, so if Mr. Trump wanted to prove he’s serious — and wanted to gain goodwill with voters — he could have already demanded that Congress take it up, or he could draft legislative language now. 

So far, Republican leaders in Congress aren’t jumping on an idea that would add to the national debt, which last month surpassed $40 trillion. And House Speaker Mike Johnson has pledged spending cuts after the midterms should the GOP retain control. 

Polling isn’t favorable for Republicans to keep both chambers. Republicans face particularly strong headwinds in the House, where only a few district flips would lose them the chamber. Democrats are outperforming Republicans on the generic ballot. 

It’s unlikely a Democratic-controlled House or Senate would approve the $5,000 payments.

Americans never received DOGE dividends

The president expressed openness to some form of “DOGE dividends” to Americans at the beginning of his term, when billionaire entrepreneur Elon Musk was overseeing the implementation of the administration’s government downsizing. 

“There’s even a — under consideration, a new concept where we give 20% of the DOGE savings to American citizens and 20% goes to paying down debt,” Mr. Trump said at the FII Priority Summit in Miami in February of last year.

DOGE savings came in well under projections, and the idea died out. 

Mr. Trump pledged tariff refunds that never arrived 

The president already vowed tariff dividends last year for Americans. He said a dividend of “at least $2,000” a person would arrive for everyone except for high-income Americans. 

The government has not, however, paid taxpayers directly. Companies are receiving tariff refunds after the Supreme Court ruled some of Mr. Trump’s tariffs were illegal. Some of those companies have vowed to share their financial relief with consumers, but they aren’t required to do so. 

The money generated from tariffs hasn’t come close to $5,000 per adult 

Vice President JD Vance told Fox News the money would come from tariff revenue. But the government isn’t generating enough tariff revenue for that to work. The money the U.S. has raked in through tariffs hasn’t come close to the more than $1.2 trillion that would be needed to pay each American adult $5,000. 

According to the Bipartisan Policy Center, the U.S. has brought in about $210 billion from gross tariff and other excise taxes in 2026. That only amounts to about $857 per eligible person, not to mention the U.S. government has already had to return much of its tariff revenue to companies. Over half of the revenues generated by tariffs in 2026 have been eaten up by refunds to companies, the Bipartisan Policy Center says. 

According to the Cato Institute, a $5,000 check for each American adult would be between 60% to 75% of the total revenue the Trump administration’s tariffs are projected to generate over 10 years.

More from CBS News

Go deeper with The Free Press


Share. Facebook Twitter Pinterest LinkedIn Reddit Telegram WhatsApp
Press Room
  • Website

Keep Reading

Alcohol-attributable cancer deaths in the US have doubled since 1990, study finds

Supreme Court blocks Missouri from using new map favoring GOP in midterm elections

9/11 responder diagnosed with cancer says he would serve again knowing consequences

U.S. destroys another alleged drug boat as Rubio defends deadly strikes, says cartels are “like a cancer”

Hiker finds human remains on Mount Yonah, GBI crime unit responds

Lawsuit seeks to block deployment of ICE, federal agents to polling sites

Add A Comment
Leave A Reply Cancel Reply

THJ MAILBOX SERVICES
GOLDBAY TELECOM INC.
Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

News

  • World News
  • United States
  • Canada
  • Europe
  • Australia
  • Asia
  • Africa

Business

  • Stocks
  • Economy
  • Finance
  • Investing
  • Markets
  • Companies
  • Crypto

SITE LINKS

  • Newsletter
  • Community
  • Work with us
  • Press Room
  • Media
  • Cookie Policy
  • About Us

Subscribe to Updates

Get the latest politics, business, sports, lifestyle, and many more news directly to your inbox.

© 2026 The Smart Times Toronto. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.