James Fishback, CEO of Azoria, remains optimistic about the possibility of receiving a $5,000 dividend check for US taxpayers. In a recent interview with Chris Cuomo, Fishback shared that he had meetings in Capitol Hill with lawmakers and received “overwhelmingly positive support” for the proposal.
“I think it will happen,” Fishback confidently stated, citing backing from prominent figures like Donald Trump and Elon Musk.
The idea behind the project is to return part of the savings generated by the Department of Government Efficiency (DOGE), which is led by Elon Musk. Fishback argues that since 70% of state spending comes from taxes, it is only fair to compensate taxpayers when there is evidence of “waste or misuse of funds.” The initiative, according to its original design, would not result in a deficit.
What is DOGE Doing to Give You $5,000 Stimulus Checks?
At a rally in Wisconsin, Elon Musk linked the $5,000 stimulus checks to the idea of reducing wasteful public spending. “If we reduce waste, there will be resources to give back,” Musk said.
The idea also has support from Kevin Hassett, a former director of the National Economic Council. Fishback added that the plan prioritizes local taxpayers and avoids sending funds to countries like China.
Regarding the plan’s financial viability, Fishback emphasized that DOGE has already saved $130 billion by March, which he believes is enough to fund the dividend.
On social media, Musk responded, saying, “I will consult with the president.” Donald Trump, in February, showed interest in evaluating the proposal but hasn’t given any recent updates on the matter.
The DOGE Dividend proposal is different from the COVID-19 stimulus checks, which were debt-financed. Fishback clarified that this rebate would only benefit tax-paying property owners and would exclude mechanisms that lead to inflation. However, critics still question whether DOGE can really achieve its goal of saving $1 trillion to reduce the national deficit.
What’s the Status of the Proposal?
While Fishback claims to have received “unique information” from his meetings with lawmakers, there has been no official action from Congress yet. The proposal still needs legislative approval, and Trump has not provided a clear timeline or eligibility criteria.
Musk, in his interview with FOX News, acknowledged that DOGE’s progress is significant but admitted that “there is still a lot of work to be done.”
Despite various claims, no concrete decisions have been made yet. It is clear, however, that the proposed checks will be for $5,000 for each eligible household. Fishback suggested that these payments could be distributed once DOGE’s expected savings are reached. However, the final amount might differ depending on the details that Congress and the White House agree on.
How Will DOGE Determine Which Savings Will Be Distributed?
DOGE, led by Elon Musk, is focused on identifying and eliminating wasteful government spending, with a target of saving up to $2 trillion per year.
Once these savings are realized, 20% will be used to provide DOGE dividend checks to taxpayers, and another 20% will go towards reducing the national debt.
The checks would only be sent to households that are net federal income taxpayers, likely those with incomes above $40,000. Lower-income households that do not pay federal income tax would not qualify for the dividend.
Any proposal to distribute stimulus checks from the savings will require Congress’s approval. While there is support for the plan, there are concerns from some Republican lawmakers about the potential impact on the national deficit and inflation.
If the proposal is approved, $5,000 checks could be sent to each qualifying household once DOGE’s savings are fully realized by July 2026. The amount is based on an estimate that $2 trillion in savings will be achieved by that time.