Commerce Secretary Howard Lutnick thinks Trump’s $5,000 midterm bribe can be paid for with funds from the so-called “Trump Platinum Card,” which hasn’t even been launched yet.
Lutnick shared this ridiculous idea with NBC News on Thursday.
“Together we’re going to deliver that plan and we’re going to pay that money to the Americans, and not from taxpayer money.... We have a waitlist of more than 100,000 people who want to come,” he said, referring to the Platinum Card applicants. “That’s $500 billion.”
The Platinum Card is a $15,000 application and $5 million donation to the government for extremely wealthy immigrants looking to expedite their citizenship process. The program would allow applicants to live in the U.S. for nearly the entire year without paying taxes on foreign income.
At the Republican midterm convention on Wednesday, Trump vowed to “issue a dividend to every adult citizen in the United States of America for $5,000” if the Republicans win the House and Senate in November. Since then, the administration has scrambled to propose different ways to pay for the promise, which would cost an estimated $1.3 trillion.
Vice President JD Vance thinks they’ll be able to use tariff revenue to deliver their promise. (Tariff revenue would cover only a fraction of that sum.) National Economic Council Director Kevin Hassett thinks that Congress will be able to foot the bill. Either way, Lutnick and every other administration official involved has tried to explain their way out of it, or frame the promise as some galaxy-brained moment from a genius president. In reality, they are obviously covering for a desperate president willing to say and do anything to win in November.
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