If You Think Inflation and Bond Yields Are High Now, a Potential $5,000 "Trump Dividend" Could Send Both Into the Stratosphere
If history serves as a guide, a sizable “Trump Dividend” would be disastrous.
Overview
Election season is heating up, and so are campaign promises ahead of the Nov. 3 midterms. While not every law passed in Washington, D.C., will impact Wall Street, the makeup of Congress can affect fiscal policy, which has a direct impact on corporate America and, therefore, the stock market's major indexes, the Dow Jones Industrial Average (DJINDICES:^DJI), S&P 500 (SNPINDEX:^GSPC), and Nasdaq Composite (NASDAQINDEX:^IXIC).
Although campaign promises don't always come to fruition, some stand out more than others. On Sept. 9, President Donald Trump proposed paying a $5,000 "Trump Dividend" to every adult U.S. citizen, contingent on Republicans retaining their majorities in the House of Representatives and Senate.
President Trump's $5,000 "Dividend" proposal could have dire consequences for the economy and stock market. Image source: Official White House Photo by Daniel Torok.
Details
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Originally published at www.fool.com.
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