Trump made the promise of a so-called “Trump dividend” at the Republican Party’s midterm convention in Dallas on Wednesday night. He said the money would have to be spent in the U.S., although he did not offer details on how that restriction would be enforced. TIME has reached out to the White House for comment.
Such a plan would require congressional approval. Sen. Bernie Moreno (R, Ohio) endorsed the proposal and said he would prepare legislation to pass the dividend after the election.
Vice President J.D. Vance later narrowed the proposal, suggesting that wealthy Americans would not qualify. He added that the payments could be financed by tariff revenue, which amounted to around $154.5 billion in the first 10 months of fiscal 2026 through July.
“The reason the Democrats can’t do that is because they don’t do tariffs, they don’t take in money, all they know is poverty,” the President said.
Some, however, are skeptical about the idea.
The Democratic National Committee said Trump and Republicans have repeatedly promised rebate checks that never materialized.
“Donald Trump and Republicans are once again offering empty promises to Americans,” DNC Rapid Response Director Kendall Witmer said in a statement. “The only people reaping the benefits of Trump’s economy are himself, his family, and his ultra-rich elite donors. Meanwhile, working families get nothing except sky-high receipts at the grocery store and the pump, unaffordable healthcare premiums, and wages that aren’t keeping up with inflation.”
The President cast the congressional elections as a referendum on his presidency, telling voters at the convention to “pretend that I’m on the ballot.”
“If the Republicans win, you win with us,” Trump said. “Now all we have to do is win.”
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