DOGE's Cuts Save Taxpayers a Whopping $115 Billion — That’s Over $700 Per Person!

The Department of Government Efficiency (DOGE) now asserts that their waste-reduction strategies have resulted in an impressive savings of $115 billion.

The organization, assigned with reducing waste, fraud, and abuse, and corruption In the federal government, they have revised their numbers to highlight the substantial amount derived from terminating contract leases, halting fraudulent or incorrect payments, and rescinding grants.

The Elon Musk -the led organization has likewise reduced staff numbers and altered multiple initiatives.

DOGE stated that the projected savings of approximately $115 billion would equate to an average saving of $714.29 for each taxpayer. This figure is derived from the 2022 data which includes 161 million individuals who filed personal income taxes.

EPA CANCELS BIDEN ADMINISTRATION'S ENVIRONMENTAL GRANTS TOTALING $20B, ACCORDING TO ZELDIN

In the most recent tax year of 2023, as reported by the IRS, there were 163.1 million individual income tax returns filed. This indicates that the average savings for each taxpayer would be approximately $705.09.

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DOGE, which has gained favor with Republicans and faced criticism from Democrats, notes that the largest savings have been achieved by the General Services Administration (GSA), trailed by the Education Department and the Environmental Protection Agency (EPA).

For instance, EPA Administrator Lee Zeldin Announced on Tuesday, the agency revealed it is canceling $20 billion worth of grants handed out under the Biden administration for climate change and clean energy initiatives. Meanwhile, during President Donald Trump’s tenure, his focus has been on undermining the Education Department and implementing widespread layoffs within the organization. The DOGE reductions affecting the General Services Administration encompass lease cancellations along with cutbacks to various support and training services.

The specific sources of the majority of GSA cuts remain uncertain. This organization oversees federal properties as well as various other services.

Fox News cannot confirm all the claimed DOGE savings independently because the organization does not offer a complete breakdown of their savings, providing just a selective list instead.

According to DOGE, the organizations with minimal savings include the State Department, trailed by the National Institutes of Health (NIH), and the Department of Energy.

According to DOGE, over 5,350 contracts have been canceled, resulting in approximately $20 billion in savings. Additionally, almost 7,500 grants have been rescinded, leading to about $17 billion in savings.

Approximately 800 leases totaling over 10 million square feet have been terminated, resulting in $500 million in lease savings.

The DOGE was established under President Donald Trump Through an executive order issued on Inauguration Day, he established DOGE as a provisional entity inside the White House. This organization will operate for 18 months, up until July 4, 2026, to fulfill its designated tasks.

The organization has been criticized for gaining entry into federal systems such as the Treasury Department’s payment infrastructure, along with attempts to terminate federal agreements and implement reductions across multiple agencies, including USAID.

Kevin Gora and Eric Revell from Fox News contributed to this report.

Original article source: DOGE asserts that savings from budget reductions amount to an impressive $115 billion, which equates to roughly $700 for each taxpayer.