President Donald Trump’s proposal to pay every adult U.S. citizen $5,000 if Republicans retain the House and Senate in November has drawn criticism from economist Peter Schiff and Rep. Jamie Raskin. Schiff called the plan a political bribe that would require domestic spending and potentially prompt the Federal Reserve to print money, warning of massive inflation exceeding anything seen under former President Joe Biden. Raskin said the proposal, branded the Trump Dividend, could add $1.3 trillion to the national debt. Trump said the payment would be funded by strong U.S. economic performance and required recipients to spend it domestically, although no enforcement mechanism has been detailed. Reuters estimated the plan could cost $1.35 trillion. The proposal comes as July PCE inflation (personal consumption expenditures measure) rose 0.2% month over month, while annual inflation was 3.7% and core PCE stood at 3.3%, above the Federal Reserve’s 2% target. TD Securities expects headline CPI to rise 0.37% in August, including a 4.2% increase in gasoline prices, but sees overall inflation remaining relatively contained because household goods and apparel could offset tariff-sensitive price pressures.