WASHINGTON (TNND) -- Elon Musk revealed a bold proposal to send Americans rebate checks as the Department of Government Efficiency team slashes waste at the federal level.

In a post on X, formerly Twitter, on Tuesday, Musk announced he would "check with the president" regarding the idea of issuing "DOGE dividend" checks. The proposal, which involves returning 20% of savings generated by DOGE back to taxpayers, originates from James Fishback, CEO of Azoria Investment Firm. Fishback's concept quickly gained traction after going viral online.

"We wanted to help make DOGE real for millions of Americans. They deserve a portion of the savings DOGE will deliver under President Trump's leadership," Fishback said.

Initial reports suggest that the potential DOGE-driven stimulus could return up to $400 billion to taxpayers. According to Politico, the plan would result in an estimated $5,000 per household for 78 million households that pay federal income tax.

In an interview on the FOX News Channel's Hannity on Tuesday night, President Donald Trump expressed confidence that Musk and DOGE could uncover $1 trillion in government waste, fraud, and abuse.

The proposal has garnered significant attention on social media, with many users expressing support for the idea of a direct payment to taxpayers. One viral TikTok video has been viewed over 5 million times since it was posted on Sunday, with users speculating that taxpayers could receive as much as $8,000.

As of Wednesday, however, there has been no official confirmation that DOGE will issue stimulus checks as part of any government cost-cutting measures.