Elon Musk has introduced a bold idea that could put extra cash in the hands of American taxpayers – but is it too good to be true? He announced plans to discuss a “DOGE Dividend” with former President Donald Trump, proposing a $5,000 tax refund for every taxpayer. The internet is buzzing with excitement, but there’s a twist.
The White House has now stepped in, making it clear that Musk isn’t actually in charge of DOGE. So, where did this proposal come from, and does it have any real chance of happening? Here’s what we know so far.
The “DOGE Dividend” has gone viral, with many wondering if they could actually receive an extra $5,000 in their tax refunds. But where is this money supposed to come from?
The idea was first suggested by Azoria CEO James Fishback, who claims DOGE has helped the government save around $400 billion. He proposed using about 20% of those savings—roughly $50–$55 billion—to provide a $5,000 rebate to 79 million taxpayers.
Fishback argues that these savings come from reducing government waste—such as fraud detection, cutting unnecessary programs, and canceling overpriced contracts.
Musk responded to the proposal on X, saying he plans to discuss it with Trump. His support for government cost-cutting has been well known, but this time, his role is being questioned.
Despite Musk’s push for efficiency, the White House recently clarified that he is not in charge of DOGE. Many assumed he led the program, but officials now say he is only a consultant, meaning he has no direct power to approve tax refunds or any other government decisions.
Since Trump returned to the White House as the 47th President, Musk has played a key role in promoting cost-cutting measures. However, with the government distancing him from DOGE leadership, his actual influence remains unclear.
At this stage, there is no confirmation that the government will issue these rebates. While the idea is gaining attention, it remains just a proposal. Musk has promised to discuss it with Trump, but whether it turns into a real policy or just another political debate is still uncertain.
For now, taxpayers can only watch and wait—because in Washington, nothing is certain until it happens.
Dogecoin’s (DOGE) push toward $0.50 has reignited the interest of seasoned traders. However, DOGE holders…
Sui, a Layer-1 blockchain built for performance and scalability, is gaining attention. It is now…
The crypto market is on the rise, with major altcoins rallying in the past 24…
Speculation is mounting around XRP's potential for a significant price surge, with experts eyeing new…
Among the broader crypto market, a recent rally in SUI price has displayed notable strength…
Billy Markus, the co-creator of Dogecoin (DOGE), known online as Shibetoshi Nakamoto, has stirred the…