"In honor of our nation's birth in 1776, we are sending $1,776 to all soldiers," the president said.
It is unclear how the payments, totaling about $2.5 billion, will be financed, writes Axios .
Trump devoted much of his 18-minute address to the nation to highlighting what he said his policies had done for taxpayers over the past year.
According to the AP, opinion polls have shown that Trump is losing confidence due to rising inflation.
He brought graphs with him to the speech that show what he claims is an economy on the rise. In the speech, he also criticized his predecessor Joe Biden, who Trump claims has driven the economy to the bottom.
I inherited a mess, and I'm fixing it.
