Elon Musk’s Department of Government Efficiency (DOGE) has kicked off a bold cost-cutting drive in the U.S. administration. Now, President Donald Trump is floating the idea of handing a slice of those savings directly to American taxpayers.
Speaking at a Saudi sovereign wealth fund event in Miami, Trump revealed that the government is considering distributing 20% of DOGE’s savings to citizens while using another 20% to reduce national debt. The idea echoes a proposal by businessman James Fishback, who suggested channeling government savings into $5,000 checks for tax-paying households. Musk, responding on X, signaled interest, saying, “Will inquire with the President.”
Fishback estimates potential savings at $2 trillion, though Musk sees $1 trillion as a more realistic goal. Meanwhile, Trump is also pushing major tax cuts, targeting oil and gas producers while seeking to eliminate taxes on tips and potentially reduce Social Security and overtime taxes.
