The post Elon Musk Proposes $5,000 Tax Refund, But Is He Really in Charge? appeared first on Coinpedia Fintech News
Elon Musk has proposed a new plan that could put extra money in the pockets of American taxpayers. He announced that he would discuss a “DOGE Dividend” with former President Donald Trump, providing a $5,000 tax refund to every taxpayer. However, in a surprising twist, the White House has denied that Musk is in charge of DOGE, raising questions about his influence over the program.
Musk’s $5,000 Tax Refund Proposal
The “DOGE Dividend” has taken the internet by storm, with many wondering if they could soon receive an extra $5,000 in their tax refunds
However, the proposal stems from Azoria CEO James Fishback’s suggestion that DOGE has saved around $400 billion. He proposed using about 20% of these savings, roughly $50–$55 billion, to distribute among 79 million taxpayers, giving each a $5,000 rebate.
This money would come from billions of dollars saved by reducing government waste. DOGE has reportedly cut costs through fraud detection, eliminating unneeded programs, and canceling overpriced contracts.
Musk responded to this on X stating that he plans to discuss this proposal with former President Donald Trump.
Is Musk Leading DOGE?
Despite Musk’s strong push for government savings, the White House recently clarified that he is not in charge of DOGE. Many believed he was the head of the program, but officials now state that he is only a consultant.
This means he does not have the power to make final decisions about tax refunds or any other government actions.
While this proposal is gaining attention, there is no official confirmation that the government will distribute these checks. The idea remains in discussion, and Musk has said he will take it up with Trump.
What Happens Next?
Since Trump took office as the 47th President, Musk has been involved in government cost-cutting efforts. He has repeatedly emphasized the need to remove wasteful spending and improve efficiency.
However, with the White House distancing him from DOGE leadership, it remains unclear how much control he has.
For now, Americans will have to wait and see whether the proposed $5,000 refund becomes a reality or just another political discussion.
