“DOGE Dividend”: Proposal Seeks to Return Government Cost Savings to Americans

the staff of the Ridgewood blog

Washington DC, a new proposal circulating in Washington, D.C. this week aims to turn Elon Musk’s government cost-cutting efforts into direct cash rebates for American taxpayers. James Fishback, an investment manager and adviser to the Department of Government Efficiency (DOGE), is pushing for a “DOGE Dividend”, which would return 20% of the initiative’s savings to tax-paying households.

How the “DOGE Dividend” Would Work

Fishback, who launched an anti-woke investment fund last fall before joining DOGE, argues that taxpayers deserve a refund when the government saves money. Under his plan, if DOGE meets its $2 trillion savings goal, the initiative could fund $5,000 rebate checks for 79 million households.

“When consumers don’t get what they pay for, they’re entitled to a refund,” Fishback said.

Political Momentum & Challenges

Fishback has already met with representatives from Senators Rick Scott and Roger Marshall’s offices and is set to continue discussions on Capitol Hill alongside Heritage Foundation President Kevin Roberts.

While former President Donald Trump embraced sending stimulus checks with his name during the pandemic, even Musk has acknowledged that DOGE may fall short of its $2 trillion target. Additionally, Republicans are facing difficulties funding an extension of Trump’s tax cuts, raising questions about the feasibility of the proposal.

Will Americans See a “DOGE Dividend”?

The concept of returning government savings to taxpayers could gain traction among fiscal conservatives and populists, but it remains to be seen whether lawmakers will prioritize it amid ongoing budgetary debates.

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