Many Americans are wondering if they’ll soon see a $5,000 stimulus check in their bank accounts. This question has gained traction following a proposal that’s been making waves in Washington and across social media.
While the “DOGE dividend” or “DOGE stimulus check” hasn’t been approved yet, it’s definitely getting people talking.
Who Came Up With the DOGE Stimulus Idea?
The idea was introduced by James Fishback, the CEO of Azoria Investment. He believes that taxpayers deserve a refund based on savings found by the Department of Government Efficiency Agency, known as DOGE.
This department has been overseen by Elon Musk and aims to cut unnecessary government costs. Fishback argues that if DOGE saves $2 trillion, taxpayers should get back 20% of that—equaling about $5,000 per household. This could benefit roughly 78 million taxpaying households across the U.S.
Trump’s Support for the Proposal
Former President Donald Trump has voiced support for the concept, noting the plan could lead to “significant” payments.
He emphasized the importance of giving back money saved from reducing government waste and inefficiencies. Trump’s backing adds political weight to the proposal, but it doesn’t guarantee its success.
Major Roadblocks Ahead
There are still big challenges ahead before any checks go out. First, Congress would have to approve the stimulus plan. Second, the full $2 trillion in savings must be achieved before the $5,000 checks could be sent.
So far, only $160 billion has been saved, which would translate to just about $993 per household. Clearly, there’s a long journey ahead before the plan can become reality.
Supporters Stay Hopeful
Despite the roadblocks, Fishback remains hopeful. In an interview with Chris Cuomo, he said he believes the plan will go through. He’s been actively meeting with lawmakers on Capitol Hill and thinks there’s real momentum.
Yahoo! Finance also reported that Andrew Lokenauth, a financial analyst, mentioned that 75% of initiatives in progress tend to continue even when there’s a change in government. This gives some hope that DOGE could live on even if Elon Musk steps down from his role.
Past Stimulus Checks Give People Hope
If these checks do get approved, they would only go to households that pay more in taxes than they receive in government aid. Also, the payment would be given per household, not per individual.
Although this proposal hasn’t moved past discussions, many people still have hope because of what happened during the COVID-19 pandemic. Back then, three rounds of checks were approved: $1,200 in March 2020, $600 in December 2020, and $1,400 in March 2021.
What’s Next for the DOGE Stimulus?
There’s no confirmed date for when or if these payments will go out. But as of May, the idea is still alive.
The future of the DOGE stimulus checks depends on two things: whether DOGE can hit its $2 trillion savings goal and if Congress agrees to pass the proposal. Until then, Americans will have to wait and see if this ambitious plan turns into actual payments.
FAQs
Q1. Is the $5,000 DOGE stimulus check approved yet?
No, the $5,000 stimulus check is still a proposal. It needs congressional approval and $2 trillion in government savings to become a reality.
Q2. Who would qualify for the $5,000 DOGE payment?
Only taxpaying households that pay more in taxes than they receive in aid would qualify. The payment would be issued per household.
Q3. How much has DOGE saved so far toward the $2 trillion goal?
As of now, DOGE has saved about $160 billion—far below the $2 trillion needed to fund the full $5,000 per household payment.
Q4. Will Elon Musk’s exit from DOGE affect the plan?
Experts say the plan could still continue. About 75% of initiatives survive leadership changes, so Musk’s exit may not end it.
Ashly is a passionate finance blog writer who simplifies complex money matters for everyday readers. With a keen interest in budgeting, saving, and smart investing, she shares practical tips to help people take control of their financial future. Her clear, relatable writing style makes personal finance feel approachable and empowering.