Trump says $1,776 'warrior dividends' were made possible partly by tariff revenue, which still lags $100 billion behind what the White House expected | Fortune
Briefly

Trump says $1,776 'warrior dividends' were made possible partly by tariff revenue, which still lags $100 billion behind what the White House expected | Fortune
"President Donald Trump will dole out more than one million checks to American military personnel as the administration seeks to address Americans' growing cost-of-living concerns. Trump announced in a primetime address on Wednesday a "warrior dividend" for 1.45 million U.S. military personnel to be distributed ahead of the holidays. The announcement of the checks comes as Trump grapples with diminishing approval ratings on the economy and rising concern of an affordability crisis, in part because of the inflationary consequences of his sweeping tariff policy."
"The president said the administration has been able to raise a significant amount of money as a result of levies put in place earlier this year. "We made a lot more money than anybody thought because of tariffs, and the [One Big Beautiful] Bill helped us along," he said. "Nobody deserves it more than our military." A senior administration official told Fortune the one-time "warrior dividend" checks will cost $2.6 billion and act as a housing supplement to eligible service members,"
A primetime announcement introduced a "warrior dividend" that will send $1,776 checks to 1.45 million U.S. military personnel ahead of the holidays. The payment aims to address cost-of-living pressures amid falling economic approval and inflation linked to expansive tariff policy. The administration attributed higher revenues to tariffs and the One Big Beautiful Bill. Officials estimate the one-time payments will cost about $2.6 billion and function as housing supplements for 1.28 million active-duty members and 174,000 reservists. Congress appropriated funds for basic housing allowance supplements, while the White House did not detail how tariff revenue will finance the checks.
Read at Fortune
Unable to calculate read time
[
|
]