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Elon Musk Proposes $5,000 ‘DOGE Dividend’ Checks for Taxpayers

By on February 18, 2025 in Banking & Finance

Billionaire entrepreneur Elon Musk has suggested distributing “DOGE dividend” checks to American taxpayers, aiming to return 20% of the savings achieved by the Department of Government Efficiency (DOGE) back to the public. Initially put forward by Azoria CEO James Fishback, this proposal could provide approximately $5,000 to each of the 78 million households that pay federal income taxes, contingent upon Musk’s ambitious goal of reducing government spending by $2 trillion.
Politico

However, implementing such a rebate program would require congressional approval, and budget experts caution that lawmakers might prefer to allocate the funds toward reducing the national debt or extending existing tax provisions. Additionally, the legality of DOGE is currently under judicial review, adding another layer of complexity to the proposal.
Politico

Musk, who President Donald Trump appointed to co-lead the Department of Government Efficiency alongside Vivek Ramaswamy, aims to streamline federal operations and cut wasteful expenditures. The department, operating outside the formal government structure, seeks to achieve significant structural reforms by July 4, 2026.
Reuters

While the idea of government-issued checks is not new—similar stimulus payments were distributed during Trump’s first term—the feasibility of funding such rebates through anticipated government savings remains uncertain. The proposal’s success hinges on achieving the projected $2 trillion savings and obtaining the necessary legislative approvals.

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