{"id":22271,"date":"2025-02-21T00:03:43","date_gmt":"2025-02-21T00:03:43","guid":{"rendered":"https:\/\/usdailys.com\/?p=22271"},"modified":"2025-02-21T00:03:43","modified_gmt":"2025-02-21T00:03:43","slug":"donald-trump-reveals-he-and-elon-musk-want-to-give-us-taxpayers-doge-dividends","status":"publish","type":"post","link":"https:\/\/usdailys.com\/?p=22271","title":{"rendered":"Donald Trump reveals he and Elon Musk want to give US taxpayers \u2018DOGE dividends\u2019"},"content":{"rendered":"

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Donald Trump, alongside Elon Musk, has proposed the idea of ‘DOGE dividends’ – which could see US citizens become thousands richer.<\/p>\n

Before his presidency even began,\u00a0Trump<\/a>\u00a0called in the\u00a0tech<\/a>\u00a0CEO to front his newly created Department of Government Efficiency.<\/p>\n

Musk<\/a>\u00a0has been tasked with cutting federal spending as part of his job, but\u00a0US<\/a>\u00a0taxpayers could be set to claim thousands of dollars as a result of the initiative.<\/p>\n

On Wednesday (19 February), Trump floated the idea of giving 20 percent of all Musk’s savings to the tax payer – a move which will inevitably be quite popular.<\/p>\n

During his speech, the president said: “There\u2019s even under consideration a new concept where we give 20 percent of the DOGE\u00a0savings<\/a>\u00a0to American citizens and 20 percent goes to paying down debt.<\/p>\n

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\"Trump\"Trump<\/div>\n<\/div>\n

Trump has been working very closely with Musk (Andrew Harnik \/ Staff \/ Getty)<\/cite><\/div>\n

“The numbers are incredible, Elon, so many billions – hundreds of billions – and we\u2019re thinking about giving 20 percent back to the American citizens.”<\/p>\n

James Fishback, a US investor, came up with the concept and has been advocating for tax payers to benefit from the cuts.<\/p>\n

Musk noted that he would ‘check with the President’ in an X response on Tuesday.<\/p>\n

So far, it’s unclear exactly how much money has been saved as a result of DOGE.<\/p>\n

The Tesla founder has set an ambitious goal of $1 trillion in annual cost cuts, and has devised a team of 100 people who are working to make it happen.<\/p>\n

The way they plan to make the cuts is by closing down some agencies, firing a mass amount of employees that they believe are unnecessary, and canceling contracts that they deem wasteful.<\/p>\n

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\"Musk\"Musk<\/div>\n<\/div>\n

Musk is tasked with cutting costs in government. (Jeff Bottari \/ Contributor \/ Getty)<\/cite><\/div>\n

So far, Musk’s department has stopped the $50 billion-a-year USAID foreign aid agency, and is in the process of getting rid of all 10,000 employees.<\/p>\n

The Consumer Financial Protection Bureau, which has $712 million, is also being dismantled by Musk.<\/p>\n

In a more controversial move, the billionaire has also halted the $373 million in Education Department grants for funding diversity, equity and inclusion (DEI) training sessions.<\/p>\n

The original advocate for the concept, Fishback, has suggested that $2 trillion in savings over two years would roughly equate to $25,000 per taxpayer.<\/p>\n

The 20 percent dividends proposed by Trump would mean that the tax payer would receive $5,000 per year.<\/p>\n

However, instead of handing out the cash, Musk has proposed that the savings could be received in the form of a tax cut.<\/p>\n

Posting on X, he wrote: “More savings would mean a bigger tax reduction! The top DOGE priority remains however reducing the deficit to stop inflation and lower people\u2019s interest rates.”<\/p>\n","protected":false},"excerpt":{"rendered":"

    Donald Trump, alongside Elon Musk, has proposed the idea of ‘DOGE dividends’ – which could see US citizens become thousands richer. Before his presidency even began,\u00a0Trump\u00a0called in the\u00a0tech\u00a0CEO … <\/p>\n","protected":false},"author":2,"featured_media":22272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-22271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/posts\/22271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22271"}],"version-history":[{"count":1,"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/posts\/22271\/revisions"}],"predecessor-version":[{"id":22273,"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/posts\/22271\/revisions\/22273"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/media\/22272"}],"wp:attachment":[{"href":"https:\/\/usdailys.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}