President Donald Trump is considering using 20% of the Department of Government Efficiency (DOGE) savings for direct payments to Americans and another 20% to reduce national debt.
Elon Musk has backed the idea, stating he will consult Trump on using DOGE savings to fund tax refunds.
Budget Cuts and Proposed Payouts
Musk aims to cut $2 trillion from the $6.75 trillion federal budget for fiscal year 2024.
James Fishback, CEO of Azoria, suggests allocating 20% of the savings ($400 billion) to taxpayers, providing $5,000 per household.
A similar precedent exists—the 2020 COVID-19 stimulus checks featured Trump’s signature, fueling expectations for another direct payout.
Is DOGE’s Savings Claim Credible?
While DOGE claims $550 billion in savings, reports show only $16.6 billion is accounted for. A miscalculation also overstated an $8 million contract as $8 billion, raising doubts about financial accuracy.
Beyond accounting concerns, DOGE faces multiple lawsuits, with legal challenges attempting to halt its cost-cutting initiatives.
With no detailed plan released, the proposal’s fate hinges on the White House, Congress, and public response in the coming weeks. If implemented, a $5,000 per household payout could stimulate economic growth.
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