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Source: https://www.msn.com/en-us/money/ret...&cvid=0947236f071b4fb99b39ad7537321965&ei=116
A website has been created to address benefits and common questions regarding a proposed stimulus check to be sent to American families from Department of Government Efficiency (DOGE) savings.
Azoria investment CEO James Fishback has proposed that Americans should receive a stimulus check from some of the savings, and he recently created a Google Doc accessible from the website mydogedividend.com that addresses the benefits and common questions related to the argument. (admin note - see pdf attachment for that)
Tesla and SpaceX CEO Elon Musk delivers remarks as he joins U.S. President Donald Trump during an executive order signing in the Oval Office at the White House on February 11, 2025 in Washington, DC. Andrew Harnik/Getty© Andrew Harnik/Getty
In the Google Doc, Fishback proposes that DOGE should send a tax refund check to American families. The check would be "funded exclusively with a portion of the total savings delivered by DOGE."
Fishback proposes that 20 percent of DOGE's total savings, estimated to be $400 billion by the time of its expiration, should be sent to 79 million households that pay federal income tax. This would equate to roughly $5,000 per household.
According to the DOGE Live Tracker, DOGE has saved $51 billion since it was created.
Fishback said he is "honored" that the president supports his proposal, but he stressed that Trump deserves the credit.
"None of this would've been possible without his leadership, and he deserves the credit for this policy," Fishback told Newsweek.
Steve Hanke, a professor of applied economics at Johns Hopkins University, who served on President Reagan's Council of Economic Advisors, previously told Newsweek: "Inflation is always caused by changes in the money supply. I know of no significant increases in inflation that have not been preceded by a significant increase in the stock of money."
Kimberly Clausing, economist and professor at the UCLA School of Law, previously told Newsweek: "Right now this dividend is pure fantasy, as they've shown very little in the way of concrete budget savings. While their government layoffs will cause a lot of mayhem in terms of the provision of government services in areas like forest management, public safety, and tax filing, they will not make an important dent in the budget deficit, for the simple reason that personnel costs are a tiny fraction of the US federal budget."
Fishback told Newsweek that he's currently in Washington, D.C., to further discuss his proposal and has met with officials in the federal government. The situation is "fluid," and more details will come as talks continue, he said.
Fishback added that he hopes to get feedback from Republicans and Democrats.
"This is a policy supported by a Republican president, but the check will go to Democrat constituents. We want to make sure we get good feedback and incorporate that feedback," he said.
What Is MyDogeDividend? What to Know About Stimulus Check Website
A website has been created to address benefits and common questions regarding a proposed stimulus check to be sent to American families from Department of Government Efficiency (DOGE) savings.
Why It Matters
DOGE is a new department created under President Donald Trump that is looking to reduce federal costs. Led by billionaire Elon Musk, the department has recommended mass layoffs in the federal government as a means to eliminate $2 trillion yearly in funding to major U.S. agencies.Azoria investment CEO James Fishback has proposed that Americans should receive a stimulus check from some of the savings, and he recently created a Google Doc accessible from the website mydogedividend.com that addresses the benefits and common questions related to the argument. (admin note - see pdf attachment for that)
Tesla and SpaceX CEO Elon Musk delivers remarks as he joins U.S. President Donald Trump during an executive order signing in the Oval Office at the White House on February 11, 2025 in Washington, DC. Andrew Harnik/Getty© Andrew Harnik/Getty
What To Know
Americans haven't received stimulus checks en masse since 2021, and some are hoping the DOGE cuts could open the door to new payments.What Is MyDogeDividend?
MyDogeDividend is a website created by Fishback that outlines a possible way to return a portion of DOGE savings to American taxpayers. According to DOGE, the department is allegedly achieving $1 billion in savings per day.In the Google Doc, Fishback proposes that DOGE should send a tax refund check to American families. The check would be "funded exclusively with a portion of the total savings delivered by DOGE."
Fishback proposes that 20 percent of DOGE's total savings, estimated to be $400 billion by the time of its expiration, should be sent to 79 million households that pay federal income tax. This would equate to roughly $5,000 per household.
According to the DOGE Live Tracker, DOGE has saved $51 billion since it was created.
Will Americans Receive Refund Checks?
As of February, no Americans are receiving refund checks from DOGE. Neither Trump nor Musk have confirmed that such stimulus checks will happen, but both have said they are considering the idea.Fishback said he is "honored" that the president supports his proposal, but he stressed that Trump deserves the credit.
"None of this would've been possible without his leadership, and he deserves the credit for this policy," Fishback told Newsweek.
When Might Americans Receive Stimulus Checks?
If the stimulus checks become realty, Fishback proposes that they be sent to American families after DOGE's expiration date in July 2026.What People Are Saying
Fishback's MyDogeDividend.com proposal: "With DOGE reportedly achieving $1 billion in savings per day, 2 President Trump has an opportunity to work with Congress to take DOGE one step further and deliver what we at Azoria call the "DOGE Dividend," a tax refund check to be sent after the expiration of DOGE in July 2026 funded exclusively with a portion of the total savings delivered by DOGE."Steve Hanke, a professor of applied economics at Johns Hopkins University, who served on President Reagan's Council of Economic Advisors, previously told Newsweek: "Inflation is always caused by changes in the money supply. I know of no significant increases in inflation that have not been preceded by a significant increase in the stock of money."
Kimberly Clausing, economist and professor at the UCLA School of Law, previously told Newsweek: "Right now this dividend is pure fantasy, as they've shown very little in the way of concrete budget savings. While their government layoffs will cause a lot of mayhem in terms of the provision of government services in areas like forest management, public safety, and tax filing, they will not make an important dent in the budget deficit, for the simple reason that personnel costs are a tiny fraction of the US federal budget."
What Happens Next
Fishback's proposal remains in its early stages and would require congressional approval before any checks are issued.Fishback told Newsweek that he's currently in Washington, D.C., to further discuss his proposal and has met with officials in the federal government. The situation is "fluid," and more details will come as talks continue, he said.
Fishback added that he hopes to get feedback from Republicans and Democrats.
"This is a policy supported by a Republican president, but the check will go to Democrat constituents. We want to make sure we get good feedback and incorporate that feedback," he said.
