President Donald Trump proposed a potential program where American taxpayers could receive 20% of the savings generated by the Department of Government Efficiency (DOGE). This suggestion was made during a banking and technology conference in Miami, which was sponsored by Saudi Arabia’s sovereign wealth fund.
Emphasizing that his government is looking at dispersing these monies, Trump said, “We are considering a new plan where 20% of DOGE savings would go directly to American citizens.” Another twenty percent might go toward reducing the national debt, which has now topped $36 trillion.
Under many cost-cutting strategies including contract cancellals and personnel cutbacks, Elon Musk’s DOGE project—which seeks to save about $55 billion—claims to have Still, the accuracy of this estimate is yet unknown. Reports point to errors, including a deal wrongly stated at $8 billion rather than $8 million, which has attracted investigation.
Apparently, Elon Musk presented President Trump with a tax cut proposal connected with DOGE savings. Last fiscal year, the Internal Revenue Service handled nearly 163.1 million individual tax returns. If the overall savings estimate of $55 billion is accurate, allocating 20% to each taxpayer would come to about $67.50 per person.
Similarly, allocating another 20% toward national debt reduction would contribute around $11 billion—a relatively small fraction of the $839.5 billion deficit recorded for the current fiscal year.
Claiming to have “ended Joe Biden’s war on Bitcoin and crypto,” Trump underlined during the same speech the initiatives of his government to change bitcoin laws. His recent executive order established a specialized task force to develop a legal framework for cryptocurrencies and stablecoins.
As discussions on the feasibility and impact of these proposals continue, the potential redistribution of DOGE savings remains a topic of debate among economists, policymakers, and the general public.
