A new website has been launched to inform the public about the advantages and frequently asked questions concerning a proposed stimulus check aimed at benefiting American families, made possible by the savings from the Department of Government Efficiency (DOGE).
Importance of This Initiative
DOGE, a newly established department under President Donald Trump, aims to cut down on federal expenses. With billionaire Elon Musk at the helm, the department has put forth recommendations for mass layoffs within the federal workforce to achieve annual savings of $2 trillion in funding for significant U.S. agencies.
James Fishback, CEO of Azoria investment, has suggested that some of these savings should be returned to Americans in the form of a stimulus check. He has created a Google Doc, accessible via the site mydogedividend.com, which outlines the potential benefits and addresses prevalent questions about this proposal.
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Essential Information
Americans have not received mass stimulus checks since 2021, and there are hopes that the savings from DOGE could lead to new payments.
Introducing MyDogeDividend
MyDogeDividend is a platform initiated by Fishback that details a potential method for redistributing a portion of DOGE’s savings back to American taxpayers. Allegedly, the department is securing $1 billion in savings every day.
Within the Google Doc, Fishback suggests that DOGE should issue tax refund checks to American families, which would be funded entirely by a fraction of the overall savings generated by DOGE.
He advocates for 20 percent of DOGE’s total anticipated savings, estimated at $400 billion by the end of its term, to be allocated to 79 million households that contribute federal income tax, translating to approximately $5,000 per household.
According to the DOGE Live Tracker, the department has already achieved $51 billion in savings since its inception.
Will Americans Actually Receive Refund Checks?
As of February, there are currently no refund checks being issued to Americans from DOGE. While both Trump and Musk have expressed interest in the concept, no confirmations have been made regarding the issuance of stimulus checks.
Fishback mentioned he feels “honored” that the president has shown support for his proposal but emphasized that Trump deserves the recognition.
“None of this would be feasible without his leadership; he deserves the accolades for this policy,” Fishback told Newsweek.
When Might Americans See These Stimulus Checks?
If the stimulus checks materialize, Fishback proposes that they should be distributed to families post-DOGE’s expiration date in July 2026.
Public Reactions
Fishback’s MyDogeDividend.com proposal: “With DOGE reportedly achieving $1 billion in savings daily, President Trump has a chance to collaborate with Congress to advance DOGE and deliver what we at Azoria refer to as the ‘DOGE Dividend,’ a tax refund check to be dispatched following DOGE’s expiration in July 2026, funded exclusively by a share of the total savings produced by DOGE.”
Steve Hanke, a professor of applied economics at Johns Hopkins University and former member of President Reagan’s Council of Economic Advisors, previously stated to Newsweek: “Inflation is always a result of changes in the money supply. I have not observed any notable inflation surges that have not been preceded by significant money supply increases.”
Kimberly Clausing, an economist and UCLA School of Law professor, has previously commented to Newsweek: “At this point, this dividend appears to be sheer fantasy, as there has been minimal evidence of concrete budget savings. While their proposed government layoffs will disrupt essential services like forest management and public safety, they will not substantially reduce the budget deficit, as personnel costs constitute only a small fraction of the U.S. federal budget.”
Future Developments
Fishback’s plan is still in its infancy and will require congressional approval prior to any issuance of checks.
Fishback informed Newsweek that he is currently in Washington, D.C., seeking to advance discussions regarding his proposal and has engaged with federal government officials. The situation remains “fluid,” with further details expected as negotiations progress.
He also expressed hope to gather input from both Republicans and Democrats.
“This policy has a Republican president’s backing, yet the checks would go to Democratic constituents. We aim to collect constructive feedback and incorporate it,” he stated.
Update 2/21/25, 3:33 p.m. ET: This article was updated to include comments from Fishback.
