Elon Musk Backs Proposal for Tax Refunds to US Citizens—$5,000 Payouts in Sight

Billionaire entrepreneur Elon Musk has expressed willingness to discuss a proposal under the Department of Government Efficiency Dividend (DOGE), which could see tax refunds issued as checks to every American taxpayer.

Musk, who leads DOGE, made this commitment in response to a three-page proposal by Janes Fishback, CEO of Invest Azoria, posted on his X account Tuesday.

Replying to Fishback’s DOGE Dividend pitch, Musk simply stated, “I will check with the President.” The proposal suggests that 20% of the savings generated from DOGE’s cost-cutting measures across federal agencies should be distributed as tax refunds to US taxpayers.

Meanwhile, the remaining 80% of the savings would be allocated toward reducing the nation’s mounting debt.

“Our proposal for President Trump’s DOGE Dividend would be capped at 20% of DOGE’s total savings, with the other 80% used to pay down the national debt,” Fishback explained on X in response to US Senator Ron Joshson’s endorsement of the initiative.

If approved by President Donald Trump, the proposal would guarantee a minimum tax refund of $5,000 for every US taxpayer.