President Donald Trump has announced a major new proposal ahead of the November midterm elections: a potential $5,000 payment to every adult U.S. citizen if Republicans retain control of both the House of Representatives and the Senate.

Trump made the announcement during a Republican convention in Dallas, describing the payment as a “Trump dividend” tied to what he called the country’s economic strength and success.

According to Trump, the money would have to be spent within the United States. However, he did not provide detailed information about how the program would be funded, how the payments would be distributed, or exactly who would qualify.

The proposal could carry a price tag of more than $1 trillion, depending on eligibility. Analysts and lawmakers have already raised questions about the cost, funding, and whether Congress would need to approve the payments before they could actually be issued.

Vice President JD Vance has also suggested that higher-income Americans might ultimately be excluded, adding another layer of uncertainty about who would qualify.

For now, the important point is that the $5,000 payment has not been approved and Americans are not currently receiving checks. It is a promise from Trump that is conditional on Republicans maintaining control of both chambers of Congress.

The proposal is already generating significant debate in Washington, with supporters highlighting the potential benefit to American households while critics are questioning the enormous cost and its possible effect on inflation and the federal deficit.

The November election will determine whether Republicans retain control of Congress, but any actual $5,000 payment would still face major legal, financial and legislative questions.