DOGE dividend checks may be lower than $5,000

economictimes.indiatimes.com

James Fishback, the CEO of Azoria investment firm, has updated the public about the proposed DOGE stimulus checks. Initially suggested at $5,000, Fishback now states that this amount is not guaranteed and could change based on government savings. The DOGE initiative aims to redistribute 20 percent of the savings from a new government program led by Elon Musk, known as the Department of Government Efficiency (DOGE). However, millions of Americans, especially low-income households, are likely to be excluded from receiving the payments. Fishback clarified that only households that pay more in taxes than they receive in benefits would qualify for the checks. As of now, DOGE claims to have saved about $115 billion. If checks were issued based on these savings, each taxpayer would receive around $142, far below the original $5,000 proposal. Fishback insists the payments will be adjusted based on how much the government saves. If savings fall short of projections, the checks could be significantly smaller. This payment plan has yet to be finalized and would need congressional approval before it could proceed. Critics have raised concerns over the transparency of the savings figures, as past estimates have not always been reliable. Fishback continues to encourage Americans to report wasteful spending to maximize savings and potential payouts.


With a significance score of 2.9, this news ranks in the top 25% of today's 17938 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 9000 minimalists.


loading...