The proposal to collect steam on social media requires taxpayers to be sent to taxpayers via stimulus checks. President Trump said he is considering giving 20% of Doge’s savings to American citizens. Claim their recovery rebate credits during the Covid-19 pandemic.
Elon Musk, Director of Efficiency for the US Government, maintains a tally of estimated savings on his website.
As of Thursday morning, Doge estimates its savings reached $55 billion. However, according to the USA Today exam, Doge’s information about the “Receipt Wall” page actually reached around $16.5 billion.
These numbers have prompted people on social media to ask taxpayers to return some of their savings in the form of stimulus checks.
This is what we know.
Who suggested that taxpayers be sent to taxpayers?
The stimulus payment from Doge Savings was mentioned by James Fishback, CEO of Azoria Investment Firm. James Fishback lobbyed X and lobbyed Musk to issue stimulus checks based on his savings.
Others and Tiktok on the platform reiterated their feelings in a video claiming that taxpayers could earn $8,000 for suspicious and de facto reasons. The video has been viewed over 5 million times since it was posted on Sunday and has over 28,000 comments. It has been shared almost 120,000 times on Thursday morning.
How did Elon Musk respond to the stimulus check proposal?
Musk responded to Fishback’s post and said, “I’ll check with the President.”
Is President Trump considering stimulus checks from Doge’s savings?
President Trump announced Wednesday in Miami Beach that he was considering the idea.
“We are considering giving American citizens 20% of their savings and 20% to pay off their debt,” Trump said at the Saudi Arabia-sponsored FII Priority Summit.
Any form of stimulus payment issued by the US government must be approved by Congress.
Are Doge Savings Numbers correct?
USA Today has considered Doge’s statement, which saved the government $55 billion.
Doge’s documented cancelled agreements, grants and real estate leases reached approximately $16.5 billion on its “Receipt Wall” page. This is a bulging figure because it includes US immigration and customs enforcement contracts. It’s worth $8 million.
By Wednesday morning, item-by-item savings amounted to $8.5 billion, with the exception of the $55 billion range, excluding the $7.9 billion error, USA Today reported.
Are there any stimulus checks in 2025?
Yes, but they have nothing to do with Trump or Doge.
The Internal Revenue Service, announced on December 20th, was announced a month before Trump was launched.
Why does the IRS send out 1 million stimulus checks?
The checks are sent to “eligible people who did not request recovery rebate credits on their 2021 tax returns,” the IRS said.
“Looking at our internal data, we realized that one million taxpayers overlook this complicated credit claim when they are actually eligible,” said IRS commissioner Danny Werfel He said.
“We’re making these payments automatically to minimize headaches and get this money to eligible taxpayers. This means that these people will submit revised returns to receive it. There’s no need to go through a process like this.”
Who is eligible for the IRS stimulus check?
If you are a US citizen or US resident alien who has filed or has not yet filed a 2021 tax return and have not requested a recovery rebate credit, then the 1 million people eligible for an IRS check It could be one person.
The IRS issued three rounds of stimulus payments during the Covid-19 pandemic.
Most taxpayers subject to economic impact have already received EIP or recovery rebate credits, also known as stimulus packages, the IRS said.
If I am qualified, what do I have to do to get a stimulus check?
You don’t need to do anything, the IRS said.
Checks have been sent, and most should arrive by late January 2025.
“Payment will be automatically deposited directly. It will be sent by a paper check. Eligible taxpayers will also receive another letter notifying them of payment.”
To calculate the amount of recovery rebate credit, taxpayers must head to their IRS online accounts to find out what amounts they have already received or have not received in their financial impact payments.
How much was the stimulus check?
Payments vary depending on several factors, but the maximum payment is $1,400 per individual, the IRS said.
Contributors: James Powell, Greta Cross, USA Today
