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International Business Times UK
International Business Times UK
Niloy Chakrabarti

DOGE Dividend Cheques May Give Americans $5000 Each: What Is It And How Do You Qualify For It

Economists think that lowering national debt is crucial to keeping US inflation in check. (Credit: AFP News)

Elon Musk's Department of Government Efficiency (DOGE) under President Trump is considering paying American taxpayers 20% of the savings generated from the historic federal downsizing that is currently underway.

These proposed payments, called DOGE dividends, have a good chance of becoming a reality if Musk is able to trim federal spending by £1.57 trillion ($2 trillion). If Musk accomplishes his federal cost-cutting goals and DOGE dividends are approved by Congress, tax-paying households will receive £3,949 ($5,000) cheques directly in their bank accounts.

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