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January 1, Elon Musk’s Tax Refund Idea Gains Presidential Attention
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Hey folks! There’s some good news brewing in Washington that you might like. President Trump talked about a cool idea from Elon Musk, the big boss over at Tesla and SpaceX. Musk shared a proposal where taxpayers could get some money back.
Now, this all started when James Fishback, a big investment guy, suggested using some of the money saved from cutting wasteful government spending — a whopping $2 trillion planned by 2026. Fishback’s idea is to take 20% of those savings and give it back to about 79 million households paying federal income taxes. That’s $4 billion returned to the people!
This plan is all about fixing the past mistakes our government made with our money and helping folks to trust our leaders again. It’s like saying thank you to regular folks for paying taxes and being patient while the government figures things out.
Elon Musk thought the idea was worth checking out, so he said he’d talk to the President. And guess what? President Trump thinks it’s fantastic!
He told reporters he’s excited about the idea: giving back 20% of the savings from stopping government waste, fraud, and abuse. Trump believes it’s about time taxpayers saw some reward for their hard work.
So there you have it. Could be a big win for the American people if this plan goes through! Stay tuned!
Wyatt Matters!
There’s some exciting news that might make a big difference for many people. President Trump is thinking about a plan from Elon Musk and James Fishback, and it sounds like it could help a lot of families. The idea is to take some of the money saved by stopping wasteful government spending and give it back to the people who pay federal taxes. That’s like saying ‘thank you’ to everyone who works hard and pays taxes.
The plan is simple. Cut down on things the government doesn’t need to spend money on, and save a huge amount of money – $2 trillion by 2026. Then, take a little bit of that money, $4 billion, and share it among people who have paid federal taxes, about 79 million households. It’s like getting a surprise gift from the government to say sorry for mistakes made in spending money before.
President Trump thinks this idea is great and said it’s about time taxpayers see some benefits. Imagine getting some money back just for doing what you’re supposed to do. It could help people trust the government more, knowing that leaders want to fix things. This plan could really make life better for a lot of families. Let’s hope it happens!
As our loyal readers, we encourage you to share your thoughts and opinions on this issue. Let your voice be heard and join the discussion below.
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Carole Mohr
February 21, 2025 at 6:39 am
It may sound exciting to get a refund, but make it worth the effort to print the refund.
Ron Bailey
February 21, 2025 at 7:11 am
That’s great, $26 to each and every one of the 153.8 million tax payers in the USA. Do the math before you think it’s a great deal.
MICHAEL P RILEY
February 21, 2025 at 8:10 am
Correction = There are only some 112,514,000 income tax payers in America.
As I am usually broke a week before my Social Security check arrives electronically,
I welcome any refund of $100 or more.
If less don’t bother.
Mike @ Cedarbuireg, WI
Nate
February 21, 2025 at 7:23 am
D.O.G.E. is trying it’s best to serve The People and President Trump’s initiative to root out corruption within our government. I believe they’re still scratching the surface? GODS speed!!!!
William J. Davidson
February 21, 2025 at 8:42 am
First, make sure that potential recipients re legal, tax paying and deserving. Then, give more to the bottom third that may possibly get them back on three feet.
Marg
February 21, 2025 at 8:57 am
Ditto on being broke the week before the next SS check and I second the pyramid idea by William J. Davidson, more to the bottom third earners just trying to survive in the times of today. I see so many democrats complaining that Trump has not done this or that in the first 30 days – jeez people, it is a big country & the tasks exceed any 30 day window of completion. Trump/Musk etc are just getting started, this will continue for some time as it took years to get in this mud puddle. I appreciate the opportunity to respond.