With the annual budget deficit at $1.8 trillion last year and Trump proposing extensive tax cuts, there will also be significant pressure to use all the savings to reduce that deficit, rather than pass on part of it. Here’s what to know about the proposal:

President Donald Trump said he's considering a plan to pay out $5,000 stimulus checks to taxpayers in the form of a 'DOGE dividend' during a speech.

If Elon Musk’s target of $2 trillion in spending cuts is achieved by next year, supporters of the idea say that about one-fifth of those funds could be distributed to taxpaying households.