As inflation continues to hit Americans in the pocketbook, many still believe a DOGE dividend is possible, despite a lack of new information on the topic.
Azoria CEO James Fishback first proposed the idea in February, and it has been circulating since. However, Fishback claims that he and others are working with lawmakers to get a stimulus check proposal before Congress.
There are other obstacles to the proposal, such as the current economic situation in the United States and the need to save money through cuts implemented by the Department of Government Efficiency.
Here is the most recent information on DOGE stimulus checks, including who is eligible for the payment and when dividends will be sent.
Latest update on DOGE stimulus checks
Fishback recently stated that discussions with members of the House of Representatives and Senate were “productive” and provided useful feedback.
“The next step will be a bill, which will be introduced very soon,” he told Newsweek.
However, the Federal Reserve has yet to make a meaningful comment on the proposal.
“It is not acceptable for me to speculate on political ideas or fiscal policy,” Federal Reserve Chair Jerome Powell said in a news conference video shared on social media.
Given recent talk of a possible recession, economists warn that the payments may be unfeasible due to inflation and tariffs.
Jonathan Ernest, an economics professor at Case Western Reserve University, told CNBC that the Trump administration’s policies could destabilize the economy enough to warrant a stimulus check.
Who would be eligible for stimulus check payments?
Fishback’s proposal would only send dividends to households above a certain income level, as opposed to the pandemic-era checks, which were distributed “indiscriminately.”
“A lot of low-income households essentially saw transfer payments of 25% to 30% of their annual … income,” Fishback said in reference to the pandemic stimulus checks. “This exclusively goes to households that are net-payers of federal income tax, and what that means is that they have a lower propensity to spend and a higher propensity to save a transfer payment like the DOGE dividend.”
According to news reports, the potential refund would only be sent to net-income taxpayers — those who pay more in taxes than they receive — with lower-income Americans not eligible. According to the Pew Research Center, most Americans with an adjusted gross income of less than $40,000 pay little or no federal income tax.
When will DOGE stimulus checks be sent?
Congress has not formally approved the stimulus checks based on DOGE savings.
Until Congress approves a bill authorizing the dividends, which Fishback says is in the works, no checks will be issued, and there is no payment timeline.
