PANews reported on February 20 that according to Jinshi, Trump said he was considering sending part of the money saved by Musk's cost-cutting plan directly to Americans. James Fishback, co-founder of the investment firm Azoria, suggested on social media earlier this week that the federal government issue tax rebate checks based on the amount saved by the Department of Government Efficiency (DOGE). He suggested that Trump should work with Congress to set up a "DOGE dividend" or tax rebate check supported by $400 billion in funds, which is equivalent to 20% of the $2 trillion DOGE savings target.
It is reported that Musk's team is working to implement substantial budget cuts and layoffs in federal agencies. Musk said that "DOGE dividends" will not cause inflation because the funds come entirely from spending cuts and the beneficiaries are mostly taxpayers with a tendency to save. His goal of cutting federal spending by $2 trillion is the "ideal result."
