Lutnick Addresses Funding for Trump's Proposed $5,000 Payouts

Why it matters locally: While the proposed payments would not directly use taxpayer funds, any such federal program could still have indirect economic implications for Connecticut's population and state economy, depending on the funding mechanism ultimately adopted.

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Commerce Secretary Howard Lutnick addressed the funding mechanism for former President Donald Trump's proposed $5,000 payment to adult U.S. citizens. Lutnick stated these payments would not use taxpayer funds. Trump previously outlined a plan for a $5,000 "dividend" for all U.S. adults. Lutnick clarified that the proposed funding source for this initiative would not involve government revenue generated through taxation.