US President Donald Trump announced Wednesday that he is considering sending 20% of the money saved by the government efficiency advisory group to Americans.
“We even consider a new concept of giving American citizens 20% savings and 20% paying off their debt,” Trump said at the FII Priority Summit in Miami Beach, Florida. I mentioned it in.
His remarks were that Elon Musk said in X’s Tuesday post “check the president” about his proposal to send out our household tax refund checks funded by savings created by Doge’s cost-cutting campaign It came later.
This corresponds to another post from James Fishback, CEO of Azoria Investment Company, suggesting that Trump has the opportunity to issue what is called Doge dividends.
Musk says his goal is to cut federal spending by $2 trillion from his annual budget of $6.75 trillion for the recent fiscal year ended September 30th last year. Distributed to taxpayers. That would be around $5,000 per household, he said.
“If a violation of this magnitude occurs in the private sector, the counterparty will at least refund the customer because it failed to provide what was promised,” Fishback wrote in his proposal. “It’s time for the federal government to do the same and give the taxpayer a refund of what Doge has discovered.”
The government’s stimulus package checked checks mailed to millions of taxpayers during the 2020 Covid Pandemic Boat Trump signing.
According to Doge, it saved an estimated $55 billion through its efforts. However, recent reports suggest that the actual figures are likely to be far below that.
Earlier on Wednesday, Bloomberg reported that Doge’s website accounted for $16.6 billion out of the $55 billion it claims to have saved. Additionally, the New York Times said Tuesday that Doge misquoted $8 billion in savings in a federal contract that actually cost $8 million.
Meanwhile, much of Doge’s efforts have been met with court agendas. However, a federal judge on Tuesday declined a request to stop Doge from stopping access to federal agencies’ computer systems or to stop the order to fire government workers while the lawsuit is underway.
