Daily SumUp

Elon Musk said he’s going to touch base with President Donald Trump on a proposal to send Americans tax refund checks from money saved by the Department of Government Efficiency advisory group he heads.

In a post Tuesday on X, the Tesla

 and SpaceX chief executive said he “Will check with the President.” The remark came in response to a separate post from James Fishback, CEO of the Azoria investment firm, suggesting that Trump has the opportunity to issue a so-called DOGE Dividend in the form of a tax refund check sent to U.S. households funded by savings created by DOGE’s cost-cutting campaign.

Musk has said that his goal is to cut federal spending by $2 trillion, out of a $6.75 trillion annual budget in the latest fiscal year ended last Sept. 30. If that were met, Fishback suggests taking 20% of that, or $400 billion, and distributing it to taxpayers. That would amount to approximately $5,000 per household, he said.