THE AMOUNT TAXPAYERS CAN RECEIVE IF DONALD TRUMP DECIDED TO RETURN DOGE DIVDEND
President Trump hinted that if he moves forward with his proposed plans, US taxpayers could receive a sizable payout from the "hundreds of billions" in DOGE savings. Last month, the Trump administration established the Department of Government Efficiency, commonly known as DOGE. It is safe to say that the group, which collaborates with Elon Musk, the founder of SpaceX, has succeeded in its goal of "dismantling Government Bureaucracy, slashing excess regulations, cutting wasteful expenditures, and reshaping Federal Agencies."
What has DOGE done so far?
According to reports, DOGE has reduced government spending by $55 billion since its establishment.
"A combination of fraud detection/deletion, contract/lease cancellations, contract/lease renegotiations, asset sales, grant cancellations, workforce reductions, programmatic changes, and regulatory savings" is how the DOGE website describes the savings.
The $55 billion savings figure was probably influenced by DOGE's recent announcement on Twitter that it had "terminated 18 grants for $226mm to Comprehensive Centers."
Musk is thought to have set himself the goal of attempting to reduce the nation's expenses by $1 trillion annually.
What has Trump said about the DOGE savings?
President Trump said yesterday, February 19, that DOGE's savings pot is "incredible." He teased, "Elon, the numbers are amazing, so many billions — hundreds of billions."
However, he did not provide a precise amount to support the DOGE website's assertions that it had saved $55 billion. "There's even under consideration a new concept where we give 20 percent of the DOGE savings to American citizens and 20 percent goes to paying down debt," Trump added when discussing their potential use of the dividends. How much could DOGE give Americans? Musk is credited with suggesting that every American taxpayer receive $5,000. Dubbed the 'DOGE Dividend', the proposal was first put forward by James Fishback, CEO of investment firm Azoria, who has been acting as an outsider advisor for DOGE, says Forbes.
Tweeting the concept earlier this week, Fishback said: "American taxpayers deserve a ‘Doge Dividend’: 20 per cent of the money that Doge saves should be sent back to hard-working Americans as a tax refund check.
