"The Warrior Dividend that President Donald Trump announced during his televised address to the nation Wednesday is not made possible by tariff revenues, as the president suggested. Instead, the $1,776 payments to troops are coming from a congressionally approved housing supplement money they were already set to receive that was a part of bill of tax cut extensions and expansions signed into law in July."
"Trump has teased the idea of using his sweeping tariffs on imports to give Americans dividends ever since he imposed them in April. But these new payments are being disbursed by the Pentagon from a $2.9 billion military housing supplement that was part of Trump's One Big Beautiful Bill Act to augment existing housing allowances, according to a senior administration official who requested anonymity to describe the payments."
President Donald Trump announced a $1,776 "Warrior Dividend" intended for about 1.45 million service members. The payments will be disbursed by the Pentagon from a congressionally approved $2.9 billion military housing supplement included in the One Big Beautiful Bill Act to augment existing housing allowances. The housing supplement was part of tax cut extensions and expansions signed into law in July and is expected to cost about $2.6 billion. The payments were already scheduled under that supplement rather than funded by tariff revenue. Members of the U.S. Coast Guard will receive a similar payment.
Read at www.mercurynews.com
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