The economic situation in the U.S. is ever-changing, with new policies now and then on the scene ever since Donald Trump launched the Department of Government Efficiency (often referred to as DOGE). The brand new department was created to remove government bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies’
People are happy to witness that the department has done just that! Since its creation, DOGE has reportedly made $55 billion in government cuts. As per its official website, it claims to have saved $55 billion through fraud detection, contract cancellations, asset sales, and workforce reductions.
Moreover, while giving a speech at the FII PRIORITY Miami 2025 Summit, Donald Trump praised the savings the country made and indirectly mentioned that “hundreds of billions” were available. He further said a possible plan to distribute 20% of the DOGE savings to taxpayers while using another 20% to reduce the national debt might be in talks.
Furthermore, as per UNILAD, Elon Musk’s idea is to give $5,000 to every taxpaying American. Investment firm CEO James Fishback initially proposed the idea of a ‘DOGE Dividend,’ suggesting that with $2 trillion in savings, each taxpaying home could receive a $5,000 check. Elon Musk responded to the idea, saying he would “check with the president” about the possibility of implementing the plan.
In a tweet outlining the proposal, Fishback stated, “American taxpayers deserve a ‘DOGE Dividend’: 20% of the money that DOGE saves should be sent back to hardworking Americans as a tax refund check. It was their money in the first place! At $2 trillion in DOGE savings and 78 million tax-paying households, this is a $5,000 refund per household, with the remaining funds used to pay down the national debt.
Azoria is honored that @ElonMusk has engaged with our DOGE Dividend proposal.
Over 77 million Americans voted for President Trump because they know he will deliver on major government reform.
Our proposal for the President is simple: tax-paying households should receive $1 for…
— Azoria (@investazoria) February 19, 2025
The good news is that if this policy gets implemented correctly, then approximately 79 million American households will receive their payments by next summer. The success of the DOGE department is a good comeback response to Elon Musk and Donald Trump’s opposers, who thought that the Tesla founder had too much power even though he was not elected and had not gone through an official approval process by the Senate.
While Donald Trump said that Musk’s efforts were “incredible” a few days ago, press secretary Karoline Leavitt also spoke highly about the business tycoon. Karoline also glorified the Tesla founder and said that there’s no better person than Elon Musk himself to work towards the betterment of America. The newly appointed press secretary called him a “once-in-a-generation business leader.”
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Leavitt also said that Donald Trump’s administration has been doing much more than what Democrat politicians promised for decades. Meanwhile, the proposal is generating excitement; it remains uncertain whether the plan will materialize. Factors such as political opposition, legal challenges, and economic considerations could impact its feasibility.
For now, Americans will have to wait and see if the ‘DOGE Dividend’ plan moves forward. However, with Trump’s growing focus on economic populism and Musk’s influence on government operations, the idea of a large-scale payout to taxpayers is now a serious topic of discussion.
