Many Americans are wondering if a new $5,000 stimulus check could soon be coming to households across the country. This idea, sometimes called the “DOGE dividend” or “DOGE stimulus check,” has been discussed a lot lately. While it is not yet approved or guaranteed, it has gained attention in Washington and on social media. Here’s what you need to know about this potential payment.
What Is the DOGE Stimulus Check?
The idea was first suggested by James Fishback, CEO of Azoria Investment. He believes that if the Department of Government Efficiency Agency (DOGE), led by Elon Musk, saves $2 trillion by cutting government waste, taxpayers should get 20% of those savings back. This could mean about $5,000 for each of the roughly 78 million taxpaying households in the U.S.
Former President Donald Trump has also shown support for the plan, saying the payments “could be significant” and would reward Americans by returning money saved from cutting waste and fraud in government spending.
Challenges and Current Progress
There are big challenges before this idea can become reality. For one, Congress must approve any such stimulus payment. Also, the full $5,000 payment depends on DOGE saving the entire $2 trillion. So far, DOGE has saved about $160 billion, which would equal around $993 per household if distributed.
This means the target is still far from being reached. The plan is still in early stages, and approval from lawmakers will be needed before anything happens.
Why Some Are Optimistic
Despite these hurdles, James Fishback is hopeful the checks will be sent out. He recently shared that he has been meeting with members of Congress and feels positive about the project’s future.
Financial expert Andrew Lokenauth also mentioned that many initiatives continue even when government leaders change. So, even if Elon Musk leaves DOGE soon, the project could still move forward.
What Makes This Different?
If the DOGE stimulus check is approved, the money would go only to households that pay more in taxes than they receive in benefits. Also, the payments would be made per household, not per individual person.
This plan is inspired by the previous stimulus checks during the COVID-19 pandemic, when Americans received three rounds of payments: $1,200 in March 2020, $600 in December 2020, and $1,400 in March 2021.
What’s Next?
Right now, there is no official date for the DOGE stimulus payments. The idea is still alive, but its future depends on how much money DOGE can save and if Congress agrees to make it law. May is an important month to watch for updates on this proposal.
FAQs
What is the DOGE stimulus check?
The DOGE stimulus check is a proposed $5,000 payment per household based on savings from the Department of Government Efficiency Agency (DOGE). It aims to return a portion of government savings to taxpayers.
Who proposed the DOGE stimulus check?
James Fishback, CEO of Azoria Investment, first proposed the idea, suggesting taxpayers get 20% of DOGE’s savings as a rebate.
Has the DOGE stimulus check been approved?
No, the stimulus check has not yet been approved. It requires congressional approval and depends on DOGE reaching its $2 trillion savings goal.
How much has DOGE saved so far?
So far, DOGE has saved about $160 billion, which could translate to roughly $993 per household if distributed.
Who would be eligible for the DOGE stimulus check?
The payment would go to households that pay more in taxes than they receive in benefits, and payments would be made per household, not per individual.
Is there a timeline for when the payments might arrive?
There is no official date yet. The plan’s future depends on DOGE’s progress in savings and congressional approval, with updates expected in the coming months.
Well we the people well never ever see that money the Retired that Payed Their TAXES for yes well have to settle cat or dog food while you take your sweat time doing nothing I USE TO BELIEVE IN MY GOVERNMENT KNOW I DISAPPOINT. AND THAT GROW PEOPLE ACT. LIKE CHIDERN!!!!!!
Your right on point.