Donald Trump has shown support for a proposal suggesting that a portion of budget cuts by Elon Musk's agency, Doge, could be distributed as checks to American households. In his speech, Trump mentioned that 20% of the savings might go to citizens while another 20% would help pay down national debt, incentivizing reporting of government waste. While the plan sounds promising, there are doubts about its viability since so far only a small amount has been cut from government contracts, and Musk himself has indicated more realistic expectations about potential savings.
Trump addressed the idea in a speech at an investment conference in Miami on Wednesday, telling attendees: There's even under consideration a new concept, where we give 20% of the Doge savings to American citizens, and 20% goes to paying down debt.
When a reporter later asked Trump about the proposal as the president flew back to Washington on Air Force One, he said: I love it.
James Fishback, CEO of the investment firm Azoria, first raised the idea of a so-called Doge dividend in a memo he shared on social media.
There is some reason for skepticism that such a plan could be implemented.
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