A new stimulus check proposal is making waves, and this time, it’s linked to government efficiency efforts. The so-called “DOGE dividend” plan suggests giving American taxpayers a one-time payment of $5,000. But is this really happening? Here’s what you need to know.
What Is the DOGE Dividend?
The proposal is connected to the Department of Government Efficiency (DOGE), a group created under President Donald Trump and currently led by Elon Musk. Its main goal? To cut wasteful government spending and save taxpayers money.
The idea for the “DOGE dividend” came from James Fishback, CEO of the investment firm Azoria. He suggested that instead of just reducing government spending, a portion of the money saved should be sent directly to taxpayers. When Musk saw the idea online, he reportedly said he would bring it up with President Trump. Trump later voiced support, calling it a “great idea” and suggesting that Americans should receive a 20% “dividend” from the savings.
Is It Official?
Not yet. While the idea has gained attention, it hasn’t been passed into law. Congress would need to approve the plan before any checks go out.
House Speaker Mike Johnson isn’t convinced, though. He believes any money saved should go toward lowering the national debt rather than issuing stimulus checks. Other lawmakers have echoed his concerns, warning that sending out large payments could fuel inflation.
Can the Government Afford It?
The success of this proposal depends on how much money the DOGE initiative can actually save. So far, the agency claims to have found $65 billion in savings. However, this is a far cry from the $2 trillion goal initially set.
Some experts are also skeptical. Tax specialist Armine Alajian warns that the savings figures might be inflated and that it’s too early to say whether Americans will see any money from the program.
What’s Next?
For now, the “DOGE dividend” remains just an idea. It would need widespread support from Congress to become reality, and there are still plenty of questions about its impact on the economy.
While some Americans are excited about the possibility of a $5,000 check, others worry that it could worsen inflation or add to the national debt.
As the debate continues, taxpayers should keep an eye on official updates. For now, there are no guarantees that this proposal will move forward, but it’s certainly making headlines.
