By Tarini Parti, Meridith McGraw and Brian Schwartz
MIAMI—President Trump said he is considering using a portion of the savings from Elon Musk’s cost-cutting initiative to provide direct payments to Americans.
“We’re thinking about giving 20% back to the American citizens and 20% down to pay back debt,” Trump said at the FII Priority summit, a gathering of business and tech executives sponsored by Saudi Arabia’s sovereign-wealth fund. “If it were a real-estate balance sheet, the debt is tiny, but we still, we still want to pay it down.”
Trump didn’t offer further details about the plan.
James Fishback, the co-founder of investment firm Azoria, suggested on social media earlier this week that the federal government issue tax-refund checks based on savings identified by Musk’s Department of Government Efficiency. Musk responded to the idea on X, saying, “Will check with the President.”
Fishback has proposed that Trump work with Congress to create a “DOGE Dividend” or tax refund check funded by $400 billion, or 20%, of the targeted $2 trillion in savings from DOGE. Fishback estimated if the savings were divided among taxpaying households it could result in $5,000 per household. It is unclear how much money DOGE has saved so far.
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