Trump explains $5,000 tariff payouts proposal to Americans
President Donald Trump joins 'The Ingraham Angle' to discuss a proposed $5,000 dividend payout to Americans funded by federal tariff revenue. He addresses economic growth comparisons between political parties and outlines revenue collections generated through trade tariffs.Speaking on "The Ingraham Angle" in an interview airing before he closes out the first-ever Republican midterm convention Thursday, Trump to offer a $5,000 "Trump dividend" if Republicans retain control of the House and Senate. The president explained why the payments hinge on Republicans retaining control of both chambers.
"Because - they can't - I'll tell you what, because the Democrats can't do it," Trump told host Laura Ingraham. "Because with them, it's negative growth. with us, it's so positive. "
"We're taking in 21 trillion dollars. No country has ever taken in anywhere near that," the president added. "That's four-five times more than the next. That's all because of that beautiful word you and love more than most others - tariffs. "
"I can make this promise to you, and here is my promise," he said. "If the Republicans win the House of Representatives and the United States Senate, both of them, because of our economic — tremendous economic success like in history, we've never had anything like what's happening. "
TRUMP DANGLES $5,000 CHECKS AS DEBT SURGES — BUT ONLY IF GOP CAN CLEAR MAJOR MIDTERM HURDLE
"But because of our tremendous strength and success economically — I will issue a dividend to every adult citizen in the United States of America for $5,000. Very much like a successful company will do a cash distribution to its shareholders," Trump added.
The president said the dividend would have to be "spent in the U.S." Trump said would help fund payments to adult U.S. citizens if Republicans retained control of .
Republicans hold a narrow House majority with 218 seats to Democrats’ 214, with one independent and two vacancies.
‘TRANSSHIPMENT SCAM’
COSTING US UP TO $26B, POINTS FINGER AT CHINA
"So, we're taking in $21 trillion. Nobody - no country has ever taken in anywhere near that. It's 4 or 5 times higher than the next one," Trump said.
"All because of that beautiful word that you and I love more than most others: Tariffs," he added. While Trump pointed to tariffs to fund the initiative, falls well short of the proposal’s estimated cost.
GOP FACES BRUTAL MIDTERM HEADWINDS AS REPUBLICANS PAINT ELECTION AS ‘COMPETITION WITH COMMUNISM’
"But I say, why is it that, no matter how well you're doing, we see not a president — Democrat or Republican — almost never wins the midterms? " Trump said.
JOHNSON DOWNPLAYS GOP'S MIDTERM WOES AS DEMOCRATS EYE HOUSE TAKEOVER: 'I AM VERY BULLISH'
"We've got to change that because we have something going that's so good we can't let that string be broken. So, I'm asking you to pretend that I'm on the ballot. I'm on the ballot, just one more time. "
CLICK HERE TO DOWNLOAD THE FOX NEWS APP
The White House posted about the PROPOSED payments writing, "Last night, President Donald J. Trump unveiled the Trump Dividend — a historic $5,000 cash payment to every adult American citizen, made possible by the strength of the American economy under his leadership. The announcement is the latest proof that President Trump does what the so-called 'experts' say cannot be done: he delivers for the American people. "
"The Trump Dividend depends on President Trump and Republicans. Democrat control means America loses — and working people pay the price," they added.
Fox News Digital’s Peter D’Abrosca and Amanda Macias contributed to this report.