Federal budget cut plan: D.O.G.E. plans to cut the IRS budget, with 60.6% of respondents supporting the complete elimination of the agency’s budget, while only 5.6% want to increase funding.

Other federal agencies targeted: Musk has criticized agencies like the CFPB and proposed abolishing the Department of Education. Ramaswamy also agrees that this department is wasteful.

Impact on cryptocurrency market: Political developments often influence Dogecoin, the cryptocurrency Musk supports. The value of Dogecoin surged significantly after Trump’s victory.