A part of the American population is very interested in the progress of a plan to give out dividends in the form of stimulus checks backed by saves made through the DOGE cryptocurrency. The project, which was pushed by James Fishback, executive director of Azoria, has not yet been made official in front of Congress, which is a necessary step for its final approval.
In a post on April 1 on the social network X (which used to be Twitter), Fishback revealed that his team has met with lawmakers. He said, “I am sure that DOGE dividend checks will continue.” He also supported the idea that taxpayers should benefit from these funds because “it was their money all along.”
Which one is it: Trump or Musk? Who needs the DOGE boost checks to be approved?
But the current state of the economy and spending cuts at the Department of Government Efficiency could make things very hard. As of now, there is no set date for when these payments will be made because the legislative process has not yet started.
The talk about relief checks in DOGE has led to rumors in Washington, especially about how Elon Musk might be affected. During a gathering in Wisconsin on March 30, the CEO of Tesla didn’t say much about the problem, but he did say that any action would need to be approved by Congress and the president.
Before, President Donald Trump’s comments about Musk had led to rumors that the businessman and the Republican government might not get along. But the White House rejected these stories. Musk, on the other hand, has not said for sure that he supports Fishback’s idea, even though it became popular among his fans in February.
Due to political and economic uncertainty, experts aren’t sure if the project will work. So far, no exact legislative text has been given, and the dates for discussing it are still not clear.
What DOGE stimulus checks receivers need to do and who might get them
Fishback’s plan calls for stimulus checks in DOGE to only go to families with incomes above a certain level. This is different from the subsidies that were given out during the pandemic. The executive said that these funds should go to people who are net taxpayers, which means they pay more in taxes than they get back in tax benefits.
Fishback said, “This only goes to households that are net federal income taxpayers.” The Pew Research Center says that because they don’t make enough money, about 40% of Americans don’t pay federal taxes. This means that they would not be able to get this benefit.
Several reports say that the dividend amount will rely on how much DOGE saves, but exact numbers have not been released. As long as Congress doesn’t move the idea forward, no one will know how it will be carried out.