The "Trump Dividend" Promise — $5,000 If Republicans Win Both Chambers, But Does He Actually Have That Power? It's a $1.3 Trillion Bill Cong

Trump promised a $5,000 "Trump Dividend" to every adult American if Republicans hold both the House and Senate in November — but here's the problem. The President has no unilateral authority to issue this; Congress would have to pass a roughly $1.3 trillion bill, on top of $40 trillion in existing national debt. Vance already started walking it back within hours. And dumping that much money into the economy right now would almost certainly be wildly inflationary — just like it was under Biden's big spending, which helped push inflation to 9 percent. Speaking of inflation, PPI jumped 5.4 percent last month, driven largely by oil prices tied to the escalating Iran war. And despite Bessent tripling his bond buyback to try to push rates down, the bond market keeps winning — Treasury yields just hit their highest levels since 2023. All of it today.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-tom-sullivan-show--6632619/support.Remember to call with your money and investing questions 855-295-6600 for the Financial Friday podcast. https://www.spreaker.com/show/7102919/episodes/feed