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Musk: Will discuss the "DOGE dividend" proposal with Trump, intends to use the saved funds to issue $5,000 tax refund checks to taxpayers

Musk: Will discuss the "DOGE dividend" proposal with Trump, intends to use the saved funds to issue $5,000 tax refund checks to taxpayers

CointimeCointime2025/02/19 12:44
By:Cointime

On February 19th, according to Forbes, Elon Musk stated on the social platform X that he will discuss the "DOGE dividend" proposal with President Trump. The proposal suggests distributing $5000 checks to taxpayers with funds saved by the Department of Government Efficiency (DOGE). James Fishback, CEO of investment firm Azoria, proposed returning 20% of the expected $2 trillion saved by DOGE to approximately 79 million taxpayer families.

According to doge.gov data, as of February 19th, DOGE has saved the United States $55 billion through measures such as fraud detection, contract cancellations, asset sales, and staff reductions. Since its establishment on the first day of Trump's return to the White House last month, the department has faced controversy due to its access to sensitive data from the Treasury and Education departments, as well as the scope of its institutional authority, leading to multiple legal challenges.

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