The Department of Government Efficiency (DOGE) — led by Tesla (TSLA) CEO and tech billionaire Elon Musk — has been tasked with identifying cost-cutting measures across the federal government. In the midst of widespread job cuts in federal agencies, Musk’s latest proposal suggests a $5,000 cash rebate for American taxpayers.
Yahoo Finance Senior Columnist Rick Newman examines the practicality of this proposal, analyzing its fiscal viability and potential impact on the US deficit. Newman breaks down the critical questions surrounding how such a massive rebate program might be funded and whether it aligns with broader economic objectives.
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