Investing.com -- Elon Musk, the head of the Department of Government Efficiency (DOGE), has expressed his intention to discuss a potential ’DOGE Dividend’ with President Trump. This dividend, amounting to $5,000, would be distributed to American taxpayers. The proposal originates from the savings that DOGE has managed to accumulate through its initiatives to reduce government spending.
The department’s objective is to achieve a total of $2 trillion in government savings. Musk’s proposal suggests redistributing a portion of these savings back to the taxpayers. Specifically, if 20% of the total DOGE savings, equating to $400 billion, were to be returned, it would result in a $5,000 dividend for each of the estimated 79 million U.S. households that pay federal income tax.
At this time, the proposal is under consideration. No official confirmation regarding its implementation has been given.
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