Axios: DOGE Cut $16B But Trump Bill Adds Up To $5T

May 30, 2025 Elon Musk, Republicans

Elon Musk claims that his DOGE team saved $175 billion in taxpayer spending, though an outside analysis estimates the verified savings are closer to $16 billion. The “One Big, Beautiful Bill,” which passed the House last week, is projected to add $3 trillion to 5 trillion to budget deficits over the next 10 years.

Even using Musk’s most generous estimate, those DOGE savings would amount to just 6% of the projected increase to the deficit from the bill. The primary driver of deficits in the bill is the extension of Trump’s 2017 tax cuts, which Republicans aim to partially offset with cuts to Medicaid, green energy tax breaks and other programs.

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Elon Musk and his businesses were walloped by backlash to his leadership of DOGE.

Now the fruit of those efforts — more government savings — are at risk of being washed away by Trump’s “One, Big Beautiful Bill” https://t.co/JuxnkeQd4S pic.twitter.com/LmHRVjWlx3

— Neal Rothschild (@nrothschild3) May 30, 2025