The creator of the Doge dividend proposal, James Fishbach, has announced that a bill for the much-anticipated stimulus checks is imminent. After weeks of negotiations and discussions with key lawmakers, Fishbach revealed that he has spoken with six US senators, and the response has been overwhelmingly positive.
The proposed Doge dividend plan, backed by President Donald Trump and billionaire Elon Musk, aims to distribute $5,000 checks to American taxpayers. The funds would come from savings generated by the Department of Government Efficiency (Doge), which has been working to reduce administrative costs and downsize government agencies.
Key Details of the Proposed Doge Dividend:
1. Eligibility: Anyone who files federal income tax returns and pays federal income taxes would qualify. This includes:
– Social Security recipients
– Veterans
– Working individuals
2. No Income Requirement: Contrary to previous rumors, there is no minimum income threshold of $40,000 per year.
3. Funding Breakdown:
– 20% of savings would be returned to taxpayers
– 80% would go towards reducing the national deficit
Current Savings and Potential Payout:
As of March 19th, 2025, Doge has saved approximately $115 billion, which would currently translate to around $142 per taxpayer. However, the goal is to reach $2 trillion in savings, which could potentially result in $5,000 checks for approximately 79 million taxpayers.
Challenges and Opposition:
The proposal has faced some pushback from GOP lawmakers, including House Speaker Mike Johnson, who argues for fiscal responsibility and paying down the national debt. However, Fishbach remains optimistic, pointing out that 80% of the savings would indeed go towards reducing the deficit.
What’s Next:
While the bill is not yet official government policy, Fishbach is confident that legislation is forthcoming. If passed, the earliest potential payouts could be expected in the summer of 2026.
Stay tuned for more updates as this exciting development continues to unfold.
