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The proposal calls for 20% of DOGE’s targeted $2 trillion in savings to be returned to the 79 million tax-paying households.
President Donald Trump's new Department of Government Efficiency (DOGE), which is looking to reduce federal costs, has some Americans wondering if they should expect a stimulus check, courtesy of the savings.
DOGE, led by Tesla billionaire Elon Musk, has recommended mass layoffs in the federal government as a means to eliminate $2 trillion early in funding from major U.S. agencies.
As Americans haven't received stimulus checks en masse since 2021, some are hoping the DOGE cuts could open the door to further payments sent to Americans.
What To Know
Americans online have been urging DOGE to release stimulus checks, with one viral TikTok saying taxpayers could get as much as $8,000 due to the department's federal cuts.
Azoria investment firm CEO James Fishback also posted on X that money from DOGE's savings should be sent back to American taxpayers as a 'DOGE Dividend.'
"American taxpayers deserve a 'DOGE Dividend': 20% the money that DOGE saves should be sent back to hard-working Americans as a tax refund check," Fishback said on the social media platform. "It was their money in the first place! At $2 trillion in DOGE savings and 78 million tax-paying households, this is a $5,000 refund per household, with the remaining used to pay down the national debt. @ElonMusk, let's do this! This is how we rebuild trust in our government."
How Much Money Has DOGE Saved So Far?
According to the DOGE live tracker, $55 billion has been saved due to Musk's recommended cuts as of Tuesday.
Will Americans Get a Refund Check From DOGE's Savings?
There has been no indication that DOGE's cuts will result in a refund check for Americans. The $2 trillion targeted in yearly savings would likely be used to help reduce the national debt and approve future tax cuts.----------------
For
God's sake, no. The purpose of this is supposed to be to get
government spending under control. Balance the budget please. Pay down
the debt and once we have things balanced the taxes will drop,
naturally.
First
put back the dollars that Congress stole from our social security
payment funds! Funds we worked most of our lives to pay in for our
future security. Make sure guilty thieves don’t get big retirements and
other perks at the seniors’ detriment !
Nope, let’s put it toward paying off national debt or into social security
I
would actually prefer them to put it towards the debt. But, if they
do refund the taxpayers, they need to space it out so the economy
doesn't get flooded with $$ because that would cause more inflation.
Plus anyone protesting in the streets and screaming into megaphones
shouldn't qualify!
We first need to pay off the debt then cut our taxes. After this we can talk about a dividend
Balance the budget. Get us out of debt.
No on the dividend check, paying the national debt is a better idea, it will bring down inflation faster.
no,
since most of the money we are spending is funny money, pay down the
debt, too early in the process to suggest something like this
How about just pay the debt so, maybe, just maybe, some of these services are available for our kids
As much as I could use the money, I'd rather see them use it to reduce the debt
Don't
do that. Just balance the budget. I'd rather know the country is on
the right track for my kids than get a few bucks taken off my tax bill.
Please no! Pay down debt!
I think they should use the money found should go towards balancing the budget and pay down debt
Take it back and put it in the social security funds they stole
That's
about 3/4 trillion$, better spent to reduce the debt and deficit and
then reduce/eliminate income tax and significantly reducing spending for
a long-term rather than a short-term benefit.
Pay
down the freaking debt! We all benefit more from that in the long
run-lower interest rates, lower inflation, more money in our pockets
permanently!
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