00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President Trump is promising financial benefits to Americans
00:05as Republicans fight to maintain control of Congress in the midterm elections,
00:10according to the Wall Street Journal.
00:11The proposals include $5,000 for every adult citizen,
00:16if Republicans retain their majority,
00:18along with $8 billion in farm assistance
00:20and rewards of up to $30,000 for reporting government fraud.
00:25Trump has also distributed $90 payments to Medicare recipients
00:28and $500 Affordable Care Act refunds.
00:32Trump previously proposed giving Americans 20% of savings
00:36from Elon Musk's cost-cutting initiative
00:38and $1,000 or $2,000 tariff dividends,
00:41but neither promise materialized.
00:43The $5,000 proposal faces opposition over concerns
00:47about inflation and federal deficits.
00:49A Wall Street Journal poll found that 64% of voters
00:53considered the plan a bad idea.
00:55For all things money, visit Benzinga.com.
