Trump Proposes Sharing Government Savings With Citizens

The plan, inspired by Elon Musk's efficiency initiative, would allocate savings to taxpayers and debt reduction.

President Donald Trump has suggested distributing 20% of savings from the Department of Government Efficiency (DOGE) to American taxpayers, with another 20% allocated to reducing national debt.
The proposal stems from a plan by businessman James Fishback, who suggested $5,000 checks for each U.S. household based on potential savings of up to $2 trillion.
Elon Musk, head of DOGE, has set a more conservative savings target of $1 trillion, calling Fishback’s estimate a 'best-case scenario.'
Trump also announced plans for significant tax reforms, including eliminating taxes on tips, overtime, and potentially Social Security contributions.
As part of broader government restructuring, approximately 6,700 probationary employees at the IRS are expected to be laid off.