AP — US President Donald Trump pledged Wednesday to send every American adult $5,000 if Republicans retain control of the House and Senate in the midterm elections, an extraordinary gambit to reverse his party’s sagging fortunes in November.

The dubious promise would 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.

“If the Republicans win, you win with us and you get $5,000,” Trump said during the GOP’s midterm convention in Dallas. “It will be called the Trump Dividend.”

He likened the payments to a corporation’s distributions to shareholders, citing “our tremendous strength and success economically.”

Within an hour, Vice President JD Vance appeared to try to walk back Trump’s proposal — at least in part — by suggesting the dividend payments would not go to the wealthy. Vance suggested it could be paid for by US tariff revenues, though the suggested payment dwarfs what the US has taken in through the protectionist measures.

The White House did not respond to a message seeking details.

Congress would need to approve or otherwise acquiesce to the payment. The sum would far exceed US tariff revenues even before the Supreme Court tossed much of the president’s tariff program last year.

The national debt last month topped $40 trillion for the first time.

Trump has frequently lamented that, during the modern era, the president’s party almost........

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