"Amid a record-setting government shutdown and Democratic wins in an off-year election, President Donald Trump has floated a series of unusual policy ideas. Fifty-year mortgages? Paying Americans, instead of insurers, for health coverage? Dividends of $2,000 from tariff revenues? Bonuses for air traffic controllers who showed up for work during the shutdown? All proposed by the president in the span of a few days."
"On November 8, Trump posted to Truth Social side-by-side portraits of President Franklin D Roosevelt and himself, with 30-year mortgage above Roosevelt and 50-year mortgage above Trump. A headline said, Great American Presidents. The notion quickly drew backlash, among both housing policy experts and Trump's own base of supporters. Politico reported that the idea had originated with Federal Housing Director Bill Pulte."
"Trump told Fox News's Laura Ingraham on November 10, "All it means is you pay less per month. Pay it over a longer period of time. It's not like a big factor. It might help a little bit." During the interview, Ingraham corrected Trump, a lifelong real estate developer, when he said mortgages last 40 years today, rather than 30."
President Donald Trump proposed multiple unconventional policy ideas including 50-year mortgages, direct payments to Americans for health coverage, $2,000 tariff dividends, and bonuses for air traffic controllers. Each proposal currently exists as presidential musing on social media and would require formal proposals, congressional legislation, or significant action by lenders to become law. The 50-year mortgage proposal prompted public backlash and traces to a suggestion from Federal Housing Director Bill Pulte. Trump defended the idea as lowering monthly payments, while experts warn such loans would increase total interest costs and carry other downsides.
Read at www.aljazeera.com
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