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Elon Musk's potential departure from the Department of Government Efficiency may hinder the proposed DOGE stimulus checks, which aim to distribute $5,000 to net-payers of federal income tax. With most Americans earning under $40,000 likely excluded, the plan relies on significant government spending cuts and congressional approval. While Musk's influence is uncertain post-departure, Vice President JD Vance assures that DOGE will continue its work, albeit without Musk's direct leadership.
Elon Musk is set to leave his position at the Department of Government Efficiency this spring to focus on his business commitments, as confirmed by the White House. His departure raises questions about the future of proposed DOGE stimulus checks, which require congressional approval and have not yet been formally introduced. While Musk acknowledged the uncertainty surrounding the checks, he emphasized that relief from inflation would still be felt through ongoing efforts.
Elon Musk stated that the issuance of proposed $5,000 stimulus checks by the Department of Governmental Efficiency (DOGE) depends on Congress and the president. If approved, payouts may be reduced to as low as $1,250, and eligibility will be limited to net-income taxpayers. The process requires DOGE to achieve $2 trillion in savings, making the timeline for any payments uncertain.
April Fools' Day brought a wave of humorous pranks, including a fake announcement from New York City about a 1 mph walking speed limit and a satirical claim that Warren Buffett bought Tesla for $1 trillion. Other notable jokes included Tiger Woods' false claim of playing in the Masters and a spoof about DOGE distributing $1 million stimulus checks to Republicans. Meanwhile, Yahoo introduced a gag gift, the Touch Grass Keyboard, poking fun at tech culture.
During a rally in Wisconsin, Elon Musk sidestepped questions about a potential DOGE stimulus check, stating that any such initiative would require congressional approval. He emphasized that efficiency in government spending could alleviate inflation's tax burden on Americans.The idea of a DOGE stimulus originated from former President Trump, who mentioned considering distributing 20% of DOGE savings to citizens. This proposal followed claims of significant savings by DOGE, which were later found to include misleading figures.
Elon Musk addressed the potential for stimulus checks funded by the Department of Government Efficiency (DOGE) during a rally, stating that the decision lies with Congress and the president. While DOGE claims to have saved $130 billion, some lawmakers oppose the idea of distributing these funds as checks, emphasizing fiscal responsibility amid a $36 trillion federal debt. The future of these proposed checks remains uncertain as discussions continue in Congress.
Elon Musk and entrepreneur James Fishback propose the DOGE Dividend, which aims to provide $5,000 checks to taxpayers as part of savings from federal spending cuts. Approximately 79 million households could benefit, but many would be excluded, particularly lower-income taxpayers. Congress has yet to approve the plan, facing skepticism over the projected savings and concerns about the national debt, with implementation tentatively set for July 2026.
Trump and Musk have endorsed a proposal by James Fishback to distribute $5,000 checks to around 79 million tax-paying households, funded by potential savings from cutting $2 trillion in federal spending. Unlike stimulus checks, these payments would only go to those who pay federal income taxes, potentially incentivizing non-working individuals to join the labor force. The plan, reminiscent of the Alaska Permanent Fund, aims to address perceived waste in government spending.
Vivek Ramaswamy's X account was allegedly hacked, leading to a false announcement of a partnership with the USUAL stablecoin project, which caused its governance token to surge to an all-time high of $1.61. The misinformation resulted in a significant spike in trading volume and market cap for USUAL, despite Ramaswamy being locked out of his account and clarifying the post was a scam. The incident has drawn attention to the Department of Government Efficiency (D.O.G.E.) initiative, co-led by Ramaswamy and Elon Musk, amid speculation about its potential ties to cryptocurrency.
James Fishback
People
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