White House · Donald Trump · US Congress · Fortune Technology
Trump teases more inflationary money for voters ahead of midterm elections, now promising $90 payments after touting $500 and $5
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President Donald Trump is promising more payments to voters ahead of the Nov. 3 midterm elections, this time, to more than 20 million seniors, giving them $90 each to help pay for Medicare premiums.
Key facts
- President Donald Trump is promising more payments to voters ahead of the Nov. 3 midterm elections, this time, to more than 20 million seniors, giving them $90 each to help pay for Medicare premiums
- The White House said the $90 payments for seniors will come from the Medicare Improvement Fund, established by Congress in 2008 as flexible funding to improve program operations and payments
- The announcement, made late Friday night by Trump on social media, comes after the president last month said about 1 million people would get rebate checks of $500 for Affordable Care Act premiums
- That pledge, which would require approval from Congress, would likely cost more than $1 trillion, adding to the deficit and worsening inflation
Summary
The announcement, made late Friday night by Trump on social media, comes after the president last month said about 1 million people would get rebate checks of $500 for Affordable Care Act premiums. That pledge, which would require approval from Congress, would likely cost more than $1 trillion, adding to the deficit and worsening inflation. Polls show Americans increasingly blame Trump for the high cost of gasoline and groceries with 17% approving of his handling of inflation. The White House said the $90 payments for seniors will come from the Medicare Improvement Fund, established by Congress in 2008 as flexible funding to improve program operations and payments to health care providers.