Before his appearance on the show, the Asian American candidate has teased about a surprise announcement on his social media accounts.
On Monday, Yang announced his universal basic income giveaway contest during the last part of his interview with Colbert.
“I actually have an announcement tonight. I’m going to be giving $1,000 a month to another American family, and all you have to do is retweet the tweet that’s going to go out concurrent with this show… and then follow me,” Yang announced on the show.
Fans who follow the candidate on Twitter and retweet his proposal is automatically entered in the contest. The winner will be chosen on July 4.
The giveaway mirrors Yang’s proposal of a universal basic income program he has dubbed the “Freedom Dividend.”
Under the program, Yang pledged to provide each adult American a universal basic income of $1,000 a month from the federal government.
Using his personal account, Yang is already providing a “Freedom Dividend” for two families in Iowa and New Hampshire.
Yang will be taking the debate stage alongside candidates Joe Biden, Bernie Sanders, Kamala Harris, Pete Buttigieg, and others on Thursday.