The stimulus of the DOGE of $ 5,000 that Elon Musk promised under President Donald Trump moved away from most Americans before only one dollar strikes their bank accounts.
The plan, linked to the now infamous government unit called the Ministry of Effectiveness of the Government, or DOGE, was supposed to reward taxpayers with species of the reduction of federal costs. But the figures crashed, the rules have tightened and more than half of the country is now out of the race.
The idea was sold as simple: 20% of all government economies produced by DOGE would be returned to taxpayers. Elon said DOGE could save up to $ 2 billions of dollars, which would mean that $ 400 billion is paid, around $ 5,000 per person. This number is dead now.
During a meeting with Trump on April 10, Elon admitted that savings for the year did not even reach 10%. DOGE is only on the right track to save $ 150 billion, passing possible payment to $ 375 per taxpayer. This figure did not last long either.
Elon once again lowers estimates as checks decrease quickly
The official DOGE website has subsequently updated the expected payment at only $ 1,000, using the same basis of 161 million taxpayers. It is now the public estimate of the government. But even it is only for those who qualify. And this number is narrowed quickly.
The man who pushed the idea of control in the DOGE plan is James Fishback, the CEO of the Azoria investment company. James presented it as a reward for Americans who pay more in the system than they remove it. “The checks would only be sent to taxpayers households”, James said.
Anyone who earned less than $ 40,000 per year in gross adjusted income had released. He said that most of them do not pay much, if necessary, the federal income tax. This eliminates about half of the country immediately.
James also explained why it would not be a regular stimulus. “Many low-income households have experienced transfer payments between 25 and 30 percent of their annual income,” he said. This is why DOGE checks are limited to what he called “net taxpayers” – people who owe nothing to return and who pay more than they get.
“They have a lower propensity to spend and a higher propensity to save a transfer payment such as the Doge dividend,” said James.
Republicans grow up while inflation problems increase
Speaking in Wisconsin, Elon clearly indicated that the whole idea still required political signage. “That the checks are even sent depends on the congress and perhaps the president,” he told the crowd. This means that even the estimate of $ 1,000 just floats in the air. Nothing was signed. And each new conversation about it makes the plan further.
Some Republicans want it to be completely passed. Chamber Mike Johnson, a Louisiana Republican, said the country could not afford it.
“We have a federal debt of 36 billions of dollars,” said Mike. “We have a giant deficit with which we affirm. I think we have to reimburse the credit card, right? ”
Inflation warnings also arrive. “He could come back with revenge,” he warned. But James does not agree. He said that as long as payments are “financed by the deficit” and funded by savings already created by DOGE, there is no reason why inflation increases.
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