President Donald Trump and Elon Musk have shown support for a plan that could send $5,000 checks to taxpayers through a “DOGE dividend.”
The idea gained attention after James Fishback, CEO of Azoria investment firm, posted a four-page proposal on X last month.
The proposal urged Musk to back the plan, which would give back part of the $2 trillion in savings promised by the Department of Government Efficiency (DOGE).
Trump spoke positively about the idea, calling it a “20% dividend” based on savings from reducing waste, fraud, and abuse.
“I think it’s a great idea,” Trump told reporters, adding that the payments “could be a lot.” He noted that if the dividend reached 20%, it would return significant money to taxpayers.
However, not all Americans would qualify for the payments. Fishback’s proposal suggests that only net-income taxpayers would receive the checks, which could exclude low-income households.
According to NBC News, this means about 40% of households, or approximately 72.5 million, who didn’t pay federal income tax in 2022 might not benefit.
Fishback estimates that if DOGE meets its $2 trillion savings target, about 79 million tax-paying households could receive checks of roughly $5,000.
However, the payments are unlikely to happen soon. Congress would need to approve the plan, and DOGE must first complete its cost-cutting work, which is expected to finish by July 2026.
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