Musk’s Department of Government Efficiency has taken an ax to government departments with an edict to do whatever it takes to root out waste and fraud.
On Tuesday, the billionaire Tesla founder and ‘First Buddy’ vowed to ‘check with the president’ after investment firm CEO James Fishback suggested giving taxpayers a slice of the savings in the form of a tax refund.
Trump responded on Wednesday to confirm he was weighing its benefits, which Fishback had calculated could result in every taxpayer receiving $5,000.
Speaking from Miami Beach, Trump said: ‘There’s even under consideration a new concept where we give 20 per cent of the DOGE savings to American citizens.’
He said another 20 percent would go toward ‘paying down debt.’
‘The numbers are incredible, Elon, so many billions – hundreds of billions – and we’re thinking about giving 20 per cent back to the American citizens,’ he added.
If it goes ahead, the policy has the potential to put thousands of dollars back into the pockets of taxpayers at a time when rising costs are making it increasingly difficult for middle Americans to stay afloat.
Hellbound and Down 