Trump gives troops a $1,776 holiday bonus
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Trump gives troops a $1,776 holiday bonus
""Tonight, I am also proud to announce that 1,450,000 military service members will receive a special, we call, a 'warrior dividend' before Christmas," Trump said in his speech on Wednesday night."
""In honor of our nation's founding in 1776, we are sending every soldier $1,776. Think of that, and the checks are already on the way." "We made a lot more money than anybody thought because of tariffs, and the (Big Beautiful) Bill helped us along. Nobody deserves it more than our military, and I say congratulations to everybody.""
"Between the lines: The payments total to around $2.5 billion of the administration's $200 billion+ tariff revenue haul this year, but it's unclear how the administration will appropriate the funds without prior approval from Congress."
President Trump announced one-time "warrior dividend" payments to 1,450,000 military service members before Christmas. Each eligible service member is slated to receive $1,776, a figure tied to 1776. The administration attributed the payments to higher-than-expected tariff revenue and referenced a "(Big Beautiful) Bill" as aiding receipts. The payments amount to about $2.5 billion out of more than $200 billion in tariff revenue collected this year. The plan prompts legal and procedural concerns because the funds appear to lack prior congressional appropriation. The president’s approval rating on the economy registered a record low of 31%.
Read at Axios
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