• About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, July 15, 2025
  • Login
  • Register
thehopper.news
  • Home
    • Home
    • About
  • Video
    • Discussion
  • Geopolitics
  • Intel & Security
  • Foreign Affairs
  • News
    • All
    • Politics
    • World
    Iranian president injured in June Israeli airstrikes – media

    Iranian president injured in June Israeli airstrikes – media

    German comedian charged with ‘approving’ Trump assassination attempt

    German comedian charged with ‘approving’ Trump assassination attempt

    Trump to wield ‘sledgehammer’ against Russia – Lindsey Graham

    Trump to wield ‘sledgehammer’ against Russia – Lindsey Graham

    Zelensky threatens ‘long-range strikes’ in Russia

    Zelensky threatens ‘long-range strikes’ in Russia

    Ukraine accuses NYT of spreading ‘Russian propaganda’

    Ukraine accuses NYT of spreading ‘Russian propaganda’

    New suspects emerge in Ukrainian plot to assassinate RT editor-in-chief – TASS

    New suspects emerge in Ukrainian plot to assassinate RT editor-in-chief – TASS

    Istanbul talks format ‘exhausted itself’ – Kiev

    Istanbul talks format ‘exhausted itself’ – Kiev

    Plane crashes in UK (VIDEO)

    Russian and Chinese top diplomats hold talks

    Russian and Chinese top diplomats hold talks

    EU delaying retaliation to US tariffs – von der Leyen

    EU delaying retaliation to US tariffs – von der Leyen

No Result
View All Result
thehopper.news
No Result
View All Result
Home News

Musk to consider giving US taxpayers ‘DOGE dividends’

by Admin
February 19, 2025
in News, Politics, World
0
Musk to consider giving US taxpayers ‘DOGE dividends’
27
SHARES
108
VIEWS
Share on FacebookShare on Twitter

Published: February 19, 2025 11:32 am
Author: RT

The billionaire has said he will discuss with US President Donald Trump the idea of using the money saved by the department’s cuts for refunds

The savings generated by federal spending cuts implemented by the new Department of Government Efficiency (DOGE) could be used to send all US taxpayers a sizable one-time refund, Elon Musk has suggested.

Since the inauguration of US President Donald Trump on January 20, DOGE has been pressing ahead with budget and spending audits, along with job cuts across numerous federal agencies as part of a plan to reduce government spending by $2 trillion by 2026.

In a post on X on Tuesday, Azoria CEO and co-founder James Fishback pitched the idea to Musk to “make DOGE real for millions of Americans” and share a portion of the savings with the people as “DOGE dividends.”

Under the proposal, around 20% of the savings, or $400 billion, would be sent as tax refunds to every taxpayer in the US, while the remaining 80% would be used to pay down the country’s national debt, which currently stands at over $36 trillion.

Fishback estimated that the US currently has 79 million tax-paying households, meaning that if his proposal were to go through, they could each receive a check of around $5,000.

He argued that DOGE dividends would work to compensate US taxpayers for the “egregious misuse and abuse of their hard-earned tax dollars that DOGE has uncovered” and incentivize people to report more instances of waste and fraud.

Read more

Tesla and SpaceX CEO Elon Musk.
Musk’s DOGE claims multi-trillion gap in US government spending

Fishback also argued that the initiative would help restore trust between the taxpayers and the government and increase “tax morale.

In response to Fishback’s idea, Musk replied on X that he would “check with the president” about the plan.

On Tuesday, DOGE released its first savings report in which it claimed to have generated an estimated $55 billion in savings due to its cost-cutting efforts. 

Over the past several weeks, the department has cut through a number of federal agencies where it identified waste, fraud, error, and redundancies that were costing money. Earlier this month, DOGE announced that it had also saved more than $1 billion by cutting over 100 contracts related to diversity, equity and inclusion initiatives.

Full Article

Tags: Russia Today
Share11Tweet7
Previous Post

Live briefing: Hostage families question delay in ceasefire talks as Hamas proposes to free all captives

Next Post

India’s state-owner nuclear giant eyes $62bn expansion – Reuters

Admin

Admin

Next Post
India’s state-owner nuclear giant eyes $62bn expansion – Reuters

India’s state-owner nuclear giant eyes $62bn expansion – Reuters

thehopper.news

Copyright © 2023 The Hopper New

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
    • Home
    • About
  • Video
    • Discussion
  • Geopolitics
  • Intel & Security
  • Foreign Affairs
  • News

Copyright © 2023 The Hopper New

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.