President Donald Trump said he is considering distributing “ticket dividends” to U.S. taxpayers, cutting federal spending and jobs through aggressive cuts from any cost savings in efficiency of his administration.
Congress, however, is skeptical—it is unclear that Mendouge’s strategy will actually be generated near its project savings.
Billionaire Elon Musk According to a User proposals on their social platforms xgoing to Trump last week. By Wednesday, Trump said he was Consider making Doge 20% off its cost savings Give to Americans and pay back 20% of the country’s debt.
Trump may view the proposal as Improve his recognition levelHaving slipped since he took office: During his first term, Trump famously signed his name Very popular pandemic stimulus check Send to Americans.
But even Republican lawmakers hesitate to support the proposal at this point, which must be approved by Congress as part of ongoing budget negotiations.
Some people suggest that they consider this. Business Insider reported Friday that Senator Ted Cruz (R-TX) wanted to see details before committing it, and Senator Josh Hawley (R-MO) said he would like to see Doge Savings redistributed through the child tax credit Instead, use it instead.
However, other Republicans have publicly criticized the idea, suggesting that repaying Treasury debt should be a priority for sending checks to Americans. They include House Speaker Mike Johnson,,,,, North Carolina Senator Tom Tillisand Rep. Eric Burlison Missouri.
“If you consider our core principles, rights, financial responsibility is what we do as conservatives. That’s our brand,” Johnson said Thursday at the Conservative Political Action Conference (CPAC). “We have $36 trillion in federal debt and we have a huge deficit. I think we need to pay off our credit card, right?”
Given their narrowness in the House and Senate, Trump cannot afford much of the Republican defection. Even if Doge can save enough money to make them possible, this makes Doge Rickithe’s impossible pass.
Can Doge’s cost-cutting goals even be achieved?
The initial dividend proposal assumes that Doge will eventually receive $2 trillion in savings, and 20% of those savings will be transferred to U.S. taxpayers, with a $5,000 tax refund per household. But, if not impossible, finding a $2 trillion pruning will be difficult.
As of Monday, Doge claims to achieve $55 billion In savings, the so-called wall of receipts is cited. However, including CBSthis New York Timesand politics Major accounting errors in the Governor’s calculations have been pointed out, which has led to its exaggeration of these savings billions of dollars.
To keep the promise of cost-cutting, Doge is almost certain to cut down on Social Security, Medicare and Defense budgets – and find some ways to reduce interest payments from Treasury bonds. Spending in these categories accounts for more than $4.8 trillion $6.9 trillion in federal budget Fiscal Year 2024.
Trump had previously promised not to touch on social security, Medicare and Medicaid, but he has since approved it Republican budget plan, including in-depth cuts to Medicaid. It is unclear whether he will consider additional cuts to other major entitlement plans to meet the cost savings targets set by Musk and his team.
