President Donald Trump is bragging about the tens of billions of dollars that the Department of Government Efficiency (DOGE) has already saved the American taxpayers and vowed that they are “just getting started.”

“In less than a single month, the Department of Government Efficiency has already saved over 55 — this is just a short period of time — $55 billion, and we’re just getting started,” he said during an evening appearance at the FII Priority Summit.

“We will rapidly grow our economy by dramatically shrinking the federal government,” the president said.

He even spoke about Americans getting checks from the money that DOGE is saving the federal government.

“There’s even under consideration a new concept where we give 20% of the DOGE savings to American citizens and 20% goes to paying debt because the numbers are incredible, Elon,” he said.

The president also talked about the tax cuts he wants for the American people and endorsed the House budget plan that includes the tax cuts now, in contrast to the Senate Republican’s plan that kicks the tax cuts to the fall.

“I’ll be working with the Republican Congress to pass the largest tax cuts in American history,” Trump added.

“We’re going to dramatically cut taxes for families and for workers and for companies, including no tax on tips, and hopefully no tax on Social Security, and no tax on overtime,” he said, harkening back to his campaign promises.

Elon Musk, who heads DOGE, told Fox News host Sean Hannity that he plans to cut $1 trillion from the deficit.

“Well, the overall goal is to try to get 1 trillion dollars out of the deficit. If the deficit is not brought under control, America will go bankrupt. This is a very important thing for people to understand,” the Tesla and Space X CEO said.

“A country is no different from an individual, in that if an individual overspends, an individual can go bankrupt, and so can a country. And the massive waste, fraud, and abuse that has been going on, which is leading to a $2 trillion a year deficit. That’s what the president was handed on Jan 20th. A $2 trillion deficit. It’s insane. For this fiscal year,” Musk noted further.