US President Donald Trump has said that if the Republican Party maintains its majority in both the House of Representatives and the Senate in the November midterm elections, then every adult American will be given $ 5000 (about Rs 4.76 lakh). "If the Republican Party wins both the House of Representatives and the Senate, you will get $ 5000," Trump said at the Republican convention in Dallas. He called it the 'Trump Dividend' and said that it would be given because of America's "economic strength and success". Trump said that the dividend amount will have to be spent in the United States itself. However, he did not say where the money will come from, what will be the scope of the payment, and how the money will be distributed. The plan will cost more than $1 trillion The plan to give $5,000 to every adult American will cost the government more than $1 trillion. It will require congressional approval to implement it. The proposal comes at a time when the annual budget deficit of the United States is about $1.8 trillion. Distributing such a large amount could increase concerns about the government deficit and inflation. America's national debt crossed $40 trillion for the first time last month. Vice President Vance said the rich won't get the money About an hour after Trump's announcement, Vice President J.D. Vance said that the benefits of dividends will not be available to the rich. Vance indicated that tariff revenue received by the government could be used for this payment. However, the amount from the tariff is much less than the estimated cost of payment per adult of $5,000. The White House did not immediately respond to questions about the cost, eligibility and payment process of the plan. Trump has offered direct payments in the past. Trump has previously talked about giving money directly to American citizens. Earlier this year, he proposed a $2,000 dividend. At the time, he said that congressional approval would not be required for this. Last year, Trump paid $1,776 to American soldiers, which he called a 'warrior dividend'. Republican Senator Bernie Moreno said after Trump's announcement that he would draft a bill to implement the 'Trump Dividend' immediately after the November 3 election. The challenge of defending the majority against Republicans in the midterms is that midterm elections in the United States take place two years after the presidential election. These include elections for all seats in the House of Representatives and about one-third of the Senate seats. Republicans are trying to save their slim majority in the House of Representatives this time. The party is also facing a challenge in the Senate. Trump has repeatedly said that in the modern era, the president's party usually loses congressional seats in midterm elections. In Dallas, he said he wants to change that tradition. "We're going to change that," he said. "There's no reason for this to happen."
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