President Trump on Thursday defended his proposal to send a $5,000 dividend to every American adult, but only if Republicans retain control of both chambers of Congress in the upcoming midterm elections. The plan, unveiled at the GOP's first midterm convention in Dallas, has sparked immediate bipartisan criticism over its cost, timing, and feasibility.

In an interview with Fox News' Laura Ingraham, set to air in full Thursday night, Trump pushed back on the idea of distributing the payments immediately. "Why not just give the money now? If you have the money, why not give it now?" Ingraham asked. Trump responded: "Because the Democrats can't do it, because for them it's negative growth. But with us it's so positive."

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The president framed the dividend as a direct benefit of his tariff policies, claiming the U.S. is "taking in $21 trillion" in revenue, a figure he said is "four or five times higher than the next" country, attributing the windfall to "the beautiful word that you and I love more than most others: tariffs."

However, the proposal's math is under scrutiny. With roughly 270 million American adults, the dividend would cost the federal government approximately $1.35 trillion—a figure that raises questions about how it would be funded, especially as details of the plan remain vague.

Senate Minority Leader Chuck Schumer (D-N.Y.) wasted no time in condemning the move, calling it an attempt to "bribe the American people for their votes" in a post on X. "Trump's presidency is so failed and broken, he is resorting to trying to bribe the American people for their votes," Schumer wrote.

The proposal also drew sharp rebukes from within Trump's own party. Rep. Chip Roy (R-Texas) responded on X, saying, "maybe some of us think dependency is evil & soul-sucking in all its forms." His comments reflect a broader concern among fiscal conservatives about the long-term implications of such a costly entitlement.

Vice President Vance, who is set to headline the convention's final night alongside Trump, defended the policy on Wednesday, arguing that tariff revenue could cover the costs. "We're taking in an extraordinary amount of revenue because the president of the United States is actually standing up to both foreign companies but also foreign countries who have been taking advantage of America's workers for pretty much my entire life," Vance said. He added, "I don't think it's a controversial idea. It's actually the president of the United States saying we're all working together. We're all on the same team, and if we continue to create wealth, that wealth is going to go back to the American people."

The dividend pledge comes amid a broader push by Trump to shore up GOP turnout, including similar rebate promises for certain ObamaCare enrollees. Critics, however, see the timing as a cynical election-year maneuver, especially as the administration faces scrutiny over cash gifts to aides and other ethics concerns.

As the midterms approach, the feasibility of the dividend remains unclear, with no legislative path or funding mechanism yet outlined. The proposal is likely to remain a central point of debate as both parties vie for control of Congress.