Donald Trump, the president, has responded to the request for a DOGE dividend and said he enjoyed the idea of returning 20 % of the DOGE’s benefits to the citizens. ” I love it. A 20 % income for the money that we’re saving by going after scam, waste, and misuse and all the other items that are happening. I think it’s a great idea. It has the potential to return a significant sum of money to the tax. Trump said when questioned about the plan that it would also offer an opportunity to the tax to go out and review things to us where we may save money.
20 percent of the DOGE savings would go to the citizens, which would equal$ 5, 000 per tax, according to the plan that investor James Fishback has floated. DoGE, under the leadership of Elon Musk, is working to reduce national spending by one-year, and they have targeted a number of sections and organizations that they believe may shut down. Elon Musk acknowledged Fishback’s request and said he would verify this with the chairman.
Trump made it clear that he is conscious of the plan in his Miami Beach talk to a volunteer funded by Saudi Arabia’s sovereign wealth fund about the DOGE payout. ” The figures are amazing, Elon, so many billions — hundreds of billions— and we’re thinking about giving 20 % up to the American people”.
Fishback said that$ 2 trillion in savings over two years would amount to roughly$ 25, 000 per taxpayer. If 20 per cent of it is given to the payer, it would mean$ 5, 000 per taxpayer. The remainder would be used to pay off the country’s loan.
Elon Musk on DOGE income
Elon Musk clarified to X that he did not promise any checks to the citizens. He merely stated that he would consult with the leader about the proposal. Just said that I did check if the president wanted to take into account a tax reduction involving DOGE benefits. He does or he may no”.
Trump stated that the amount would rely on DOGE’s last savings, and that DOGE’s top priority right now is to lower interest rates and the deficit. Hence, it would be obvious that the amount would be proportionate to the savings that DOGE actually achieves. More savings may suggest a bigger income reduction! Elon Musk stated that the best DOGE priority is still to reduce the deficit to prevent prices and lower people’s interest charges.
