What is Elon Musk's Doge dividend checks proposal?

Elon Musk's Doge dividend proposal involves taking money saved from canceled government programs and redistributing it directly to taxpayers in the form of checks. According to the report, Musk plans to discuss this concept with President Trump, suggesting that the estimated $55 billion in savings from eliminating wasteful programs could be returned to citizens instead of remaining in government coffers. The proposal aims to align government spending more closely with taxpayers' interests while providing direct financial relief to Americans. Musk has indicated on his X platform that he intends to advocate for this approach as part of broader efforts to address government waste and corruption.