Many Americans worried about money and finances have been closely watching for the idea of DOGE dividends to become a reality.
Azoria CEO James Fishback, the person who came up with the dividend idea, has said that he and others are working with lawmakers to get a proposal for the stimulus checks in front of Congress, which is the first step in the process.
There are other hurdles for the proposal, too, including the United States’ current economic situation and saving enough money via the Department of Government Efficiency’s cuts.
Here is the latest update on DOGE stimulus checks, including who would be eligible for the payment and when the dividends could be sent.
DOGE stimulus check update
There are no major updates about the DOGE stimulus check. A formal proposal has not been made in Congress, which is the first step in the process. However, the CEO credited with the idea has said that he and his team are working on it.
“My team and I have met with dozens of Members of Congress in the past month. I am confident that DOGE Dividend checks with happen,” James Fishback said in a April 1 post on X, formerly Twitter.
“Hard-working taxpayers deserve to be cut into DOGE’s savings. It was *their* money all along.”
There has also been intense speculation in Washington, D.C., about Elon Musk’s future with the Trump administration. The conversation was triggered in part by Trump mentioning that Musk would need to return to overseeing his companies. Further speculation that Musk was being pushed out began to spread although the White House pushed back on that idea later in the week.
Musk also appeared to dodge questions about the DOGE stimulus checks — an idea that went viral among supporters in February — during a rally in Wisconsin on March 30. The billionaire and Tesla CEO ceded that any stimulus from DOGE’s dubious savings would have to go through a congressional vote.
“It’s somewhat up to Congress and maybe the president to, you know, as to whether specific checks are cut,” Musk said.
When will DOGE stimulus checks be sent?
The stimulus checks from DOGE savings have not been formally approved by Congress.
Until Congress approves a bill authorizing the dividends, which Fishback said was in the works, no checks will be sent out for the time being and no timeline for payments exists.
Who would be eligible for stimulus check payments?
Fishback’s proposal would send dividends only to households above a certain income level as opposed to pandemic-era checks that were sent “indiscriminately.”
“A lot of low-income households essentially saw transfer payments of 25% to 30% of their annual … income,” Fishback said of the pandemic stimulus checks, adding, “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.”
The potential refund would be sent only to households that are net-income taxpayers — people who pay more in taxes than they get back — with lower-income Americans not qualifying for the return, according to news reports. The Pew Research Center cites most Americans who have an adjusted gross income of under $40,000 pay effectively no federal income tax.
This article originally appeared on Arizona Republic: DOGE stimulus check update: Here’s the latest news on the dividend
The post Here’s the latest news on the dividend and when it may arrive appeared first on Yahoo News.
