For the best experienceDownload the Mobile App
App Store Play Store
How much would DOGE have to save for you to potentially get a $5,000 check?
How much would DOGE have to save for you to potentially get a $5,000 check?
How much would DOGE have to save for you to potentially get a $5,000 check?

Published on: 02/21/2025

Description

Social media has been buzzing with the possibility of American taxpayers getting a check from the money Elon Musk's Department of Government Efficiency claims it's saving the country.

But how much would DOGE actually have to recoup for the 79 million tax-paying households to get the proposed $5,000 checks? Let's do the math! 79 million × $5,000 = $395 billion.

RELATED STORY | What do senators think of a potential 'DOGE dividend?

Nearly $400 billion in savings. That's how much DOGE would have to save for each taxpayer to receive the $5,000 checks — and that's without any of the savings going to pay down the nation's debt, which many lawmakers have said they want to do with the money.

President Donald Trump appeared open to a plan to send checks to taxpayers, however, he suggested returning 20% of the DOGE savings to Americans. So, under Trump's plan, DOGE would need to save $1.975 trillion for Americans to receive $5,000 checks.

For perspective, that's more than the entire federal discretionary budget, which covers everything from defense to education to transportation, combined.

RELATED STORY | Trump backs direct payments to Americans from savings generated by DOGE

DOGE claims it has already saved Americans $55 billion, but the number has been disputed because errors are consistently spotted in their accounting. For instance, DOGE claimed it saved $8 billion after canceling an Immigration and Customs Enforcement contract. However, the amount of that contract was actually worth $8 million.

Whether Americans should expect to see any check from DOGE savings is still highly speculative, so it's probably not a good idea to plan on spending that money before you have the cash in your hand.

News Source : https://www.kbzk.com/us-news/how-much-would-doge-have-to-save-for-you-to-potentially-get-a-5-000-check

Other Related News

National Park Service restores some jobs of fired employees, pledges to hire 7,700 seasonal workers
National Park Service restores some jobs of fired employees, pledges to hire 7,700 seasonal workers

02/22/2025

WASHINGTON AP The Trump administration is restoring jobs for dozens of National Park Ser...

Gianforte property tax relief proposal clears key vote in House
Gianforte property tax relief proposal clears key vote in House

02/22/2025

A relief measure touted by Republican Gov Greg Gianforte as a tonic for widespread frustr...

Montana House rejects
Montana House rejects

02/21/2025

HELENA The Montana House has voted down a bill that would have required federal law enfor...

Investigation continues into fairgrounds fire
Investigation continues into fairgrounds fire

02/21/2025

Photos of a massive blaze that lit up the Helena Valley flooded social media Thursday nigh...

Measles outbreaks in Texas and New Mexico now account for nearly 100 cases
Measles outbreaks in Texas and New Mexico now account for nearly 100 cases

02/21/2025

Two separate outbreaks of measles in the US Southwest have now accounted for nearly 100 co...

ShoutoutGive Shoutout
500/500