DeSantis shared his thoughts after President Donald Trump pledged to potentially send every American adult $5,000 after the midterms — mainly, he believes it’s a bad idea.
Trump made that claim on Wednesday, saying that he would send out the checks if Republicans retain control of both the U.S. House and Senate in the midterm elections.
The promise would most likely cost more than $1 trillion and require congressional approval, and would further exacerbate the country’s nearly $1.8 trillion annual budget deficit and concerns about inflation.
DeSantis’ perspective
During a news conference in Miami on Thursday, though, DeSantis was asked about the proposal.
“I would just tell people: look what we’ve done in Florida,” he said. “We’ve quadrupled our rainy day fund since I’ve been governor. We’ve run massive budget surpluses, and we’ve been able to return huge parts of those surpluses to the people in the form of almost $10 billion in tax reductions.”
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According to DeSantis, tax reductions are more effective than simply handing out money, which could result in even higher rates of inflation.
“What I don’t think you want to do is borrow another $1.5 trillion and then just try to flood that into the economy,” he continued. “Because that will lead to more inflation. That will lead to more debt and more inflation.”
Out-of-control spending?
DeSantis has been a vocal opponent of excessive federal spending, repeatedly calling for a “Balanced Budget Amendment” to require the U.S. Congress to balance its budget each year.
However, ratifying an amendment to the U.S. Constitution would require support from 38 states.
So far, over 20 states have already signed on.
The federal government has been running on a deficit since 2001, already spending nearly $2 trillion more than it took in during this fiscal year so far.
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To put that in perspective, that amounts to over $100,000 per citizen.
“We now spend more on interest on our national debt — just to service the debt — than we do on national defense,“ DeSantis told Kentucky lawmakers during a visit to push the initiative earlier this year. ”And those numbers are going to escalate as some of these bonds have to be refinanced.”
Trump’s proposals
This isn’t the first time that Trump floated the idea of sending out money to the American people.
Earlier this year, he proposed a $2,000 dividend and said he didn’t think he needed approval from Congress.
Last year, Trump gave members of the military a $1,776 check that he called a “warrior dividend.”
“I will get a bill ready so that we can get the Trump Dividend passed immediately after the November 3rd election,” Republican Sen. Bernie Moreno of Ohio wrote on X late Wednesday. “Because Republicans (and America) will win!”
A $5,000 check would give each American more money than they received in direct government payments from COVID-19 relief measures during Trump’s first term.
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Regardless of the criticisms, Trump’s latest proposal would be legal because the payment would go to everyone regardless of how they voted, or whether they voted at all, said New Mexico-based attorney John Day.
“This is a campaign promise,” Day said. “It’s not a payment to individuals to try to get them to vote in a particular way.”
Republicans are on defense as they look to defend their narrow House majority against strong headwinds. Trump is unpopular, and Americans overwhelmingly oppose the war in Iran. Even the Senate, which Republicans once were well-positioned to keep, is up for grabs.
The Associated Press contributed to this article.