Could $5,000 DOGE stimulus checks happen? Here’s what we know.
The proposal for $5,000 stimulus checks by the Trump administration in an effort to reduce federal spending has been floated, but will it stand a chance?
The notion of DOGE stimulus checks has sparked significant discussion among Americans since its emergence on social media.
The idea gained traction after James Fishback, CEO of Azoria investment firm, shared it on X (formerly Twitter) on February 18. He suggested that Elon Musk and the Department of Government Efficiency should distribute stimulus checks based on the projected savings.
In response, Trump mentioned that he and his advisors are considering allocating 20% of the savings to reduce debt while another 20% could potentially go to Americans. Various pundits and politicians have chimed in, adding to the debate.
Here’s what you should know about the potential for DOGE dividend payments and the likelihood that American taxpayers will receive the discussed funds.
Will we receive DOGE checks?
The DOGE stimulus check remains a topic of discussion for the moment. The power to issue checks does not solely belong to Trump.
Congress will need to approve any proposal for the federal government to issue stimulus payments. Therefore, no checks are set to be distributed for now, and there’s no existing timeline for potential payments.
Congressional officials have shared their perspectives on the idea, with reactions varying widely.
House Speaker Mike Johnson, a Republican from Louisiana, appears to oppose the notion of DOGE-related stimulus checks. He expressed skepticism, suggesting that funds should focus on debt reduction instead.
Several other politicians have also expressed doubt or criticism regarding the proposition. Republican Senators Ron Johnson, Cynthia Lummis, Thom Tillis, and Rand Paul have shown a preference for addressing the deficit before considering any form of stimulus checks.
Senator Ted Cruz, a Republican from Texas, mentioned that he wants to see more information about the plan. Senator Josh Hawley, a Republican from Missouri, showed his willingness to support passing savings to Americans, preferring it be done through the child tax credit instead.
Moreover, for the stimulus checks to become a reality, the department would need to demonstrate savings of $2 trillion, a target that Elon Musk has previously suggested may be challenging to achieve. If it occurs, the process could take longer than anticipated.
