As inflation continues to affect the financial wellbeing of Americans, there remains optimism regarding the possibility of a DOGE dividend, despite the scarce new information surrounding the issue.
This concept, initially proposed by Azoria CEO James Fishback, has been in discussion since February. Fishback mentions that he and others are collaborating with lawmakers to introduce a proposal for stimulus checks to Congress.
There are also additional challenges for this proposal, including the current economic climate in the United States and potential savings from cuts made by the Department of Government Efficiency.
Below is the most recent update on DOGE stimulus checks, detailing eligibility for payments and when these dividends could potentially be distributed.
Latest update on DOGE stimulus checks
Fishback recently commented that discussions with lawmakers from both the House of Representatives and Senate were “productive,” providing valuable feedback.
In an interview with Newsweek, he stated, “The next step is that a bill is forthcoming very soon.”
Nonetheless, the Federal Reserve has not yet provided a substantial response to the proposal.
Jerome Powell, chair of the Federal Reserve, remarked during a news conference shared on social media, “It’s inappropriate for me to speculate on political ideas or fiscal policy.”
With recent discussions about a potential recession, economists caution that the payments may not be feasible due to inflation and tariffs.
Jonathan Ernest, an economics professor at Case Western Reserve University, informed CNBC that the policies of the Trump administration could disrupt the economy enough to justify a stimulus check.
Who would be eligible for stimulus check payments?
Fishback’s proposal aims to provide dividends exclusively to households earning above a specific income level, contrasting with pandemic-era checks that were distributed more broadly.
He noted that “many low-income households received transfer payments amounting to 25% to 30% of their annual income,” adding, “This will be directed solely to households that are net-payers of federal income tax, indicating they have a greater tendency to save such payments like the DOGE dividend.”
The proposed refund would only go to net-income taxpayers — individuals who pay more in taxes than they receive back — excluding lower-income Americans from eligibility, according to various news sources. The Pew Research Center highlights that most Americans with an adjusted gross income below $40,000 effectively pay no federal income tax.
When will DOGE stimulus checks be sent?
As of now, the DOGE savings stimulus checks have not received formal approval from Congress.
No checks will be distributed until Congress authorizes a bill for the dividends, which Fishback indicates is in progress, and currently, there is no established timeline for payment distribution.
This article originally appeared on Arizona Republic: DOGE stimulus check update: Here’s the latest on dividend payments
