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Can Donald Trump really return part of DOGEs savings to taxpaying households
X
Can Donald Trump really return part of DOGEs savings to taxpaying households
X

Can Donald Trump really return part of DOGE's savings to taxpaying households

SandhyaBy : Sandhya

  |  23 Feb 2025 11:54 AM IST

There is an ongoing idea that a portion of the US government's savings made by Elon Musk's Department of Government Efficiency (DOGE) can be distributed to taxpaying households, which amounts to $5,000 per household. This originally started off as a proposal on social media, but has now reached the White House with US President Donald Trump also seeming to approve of it.

However, this can be a tough call since saving the targeted $2 trillion which is as much as a third of the government's spending is unlikely to happen and even if it does, distributing it to citizens could fuel inflation. There is also the annual budget deficit which was $1.8 trillion last year that needs to be plugged with the savings. The idea initially became popularised with James Fishback, founder of investment firm Azoria Partners touting it on social media platform X.

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