Trump was wrong about tariffs funding the 'Warrior Dividend' of $1,776-troops were already set to get the money | Fortune
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Trump was wrong about tariffs funding the 'Warrior Dividend' of $1,776-troops were already set to get the money | Fortune
"The "Warrior Dividend" that President Donald Trump announced during his televised address to the nation Wednesday is not a Christmas bonus 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 tax cut extensions and expansions bill signed into law in July. Trump's administration identified the source of the "dividend" payments Thursday."
"In his remarks, Trump alluded to his "One Big Beautiful Bill Act" playing a role, but suggested that tariffs were largely responsible for the payments already on the way to 1.45 million members of the military. "We made a lot more money than anybody thought because of tariffs and the bill helped us along. Nobody deserves it more than our military," he said in announcing what he described as a "dividend.""
President Donald Trump's announced $1,776 "Warrior Dividend" payments to about 1.45 million service members are coming from a congressionally approved military housing supplement, not tariff revenues. The Pentagon is disbursing the payments from a $2.9 billion housing supplement that augmented existing housing allowances and originated in a tax-cut extensions and expansions bill signed into law in July. The $1,776 amount nods to 1776 and the measure is expected to cost roughly $2.6 billion. The administration had linked the payments to tariffs and the "One Big Beautiful Bill Act," despite the Pentagon funding source.
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