BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Is Elon Musk’s $5,000 DOGE Stimulus Check Realistic? Here is What We Know About the Rumored Bill Proposal

by Sham
March 19, 2025
in Business, Finance, Opinion, Politics
A A
Is Elon Musk’s $5,000 DOGE Stimulus Check Realistic? Here is What We Know About the Rumored Bill Proposal
4
SHARES
Share on TwitterShare on Reddit
  • A new bill proposing $5,000 stimulus checks via the Department of Government Efficiency (DOGE) is expected soon.
  • Only net federal income tax payers may qualify, unlike the broad COVID-era stimulus distribution.
  • DOGE’s cost-cutting measures have saved an estimated $115 billion, but the government may rehire 24,000 workers.

A new stimulus bill that aims to distribute checks directly to taxpayers through the Department of Government Efficiency (DOGE) is reportedly in its final stages, with lawmakers expected to introduce it soon.

JUST IN: 🇺🇸 Jerome Powell dodges question on Elon Musk’s rumored $5,000 DOGE dividend pic.twitter.com/HdNtLvUBnr

— BlockNews (@blocknewsdotcom) March 19, 2025

James Fishback, CEO of Azoria, a leading investment firm, confirmed in an exclusive interview with Newsweek that discussions with key government officials have been overwhelmingly positive.

“I’ve been in continuous discussions with administration officials and key figures on Capitol Hill,” Fishback stated. “Just last week, I spoke with six U.S. senators, and the response has been overwhelmingly positive. The next step? A bill. And that bill is coming very, very soon.”

The $5,000 Stimulus Proposal

Talks of a potential $5,000 stimulus check gained momentum last month when President Donald Trump praised his top adviser, Elon Musk, and DOGE for implementing government cost-saving initiatives. These savings, which included layoffs, contract renegotiations, and efficiency improvements, reportedly freed up billions in government funds. Fishback originally proposed the idea on Musk’s social media platform, X, prompting the administration to explore the feasibility of direct payments to taxpayers.

According to DOGE, the department’s cost-cutting measures initially saved $55 billion as of February. That figure has since surged to an estimated $115 billion as of March 19, 2025.

Government Rehiring and Economic Implications

Despite DOGE’s financial success, NBC News reported on Tuesday that the federal government is preparing to rehire approximately 24,000 employees who were laid off during the cost-cutting process. The report notes that two federal judges recently ruled in favor of reinstating thousands of probationary workers, ordering the administration to bring them back on a temporary basis.

Who Qualifies for the DOGE Dividend?

The question of eligibility remains a focal point in discussions surrounding the bill. Unlike the stimulus checks issued during the COVID-19 pandemic, this initiative will target a narrower group of taxpayers.

“This initiative is strictly reserved for households that are net-payers of federal income tax,” Fishback explained in an NBC interview. “What that means, essentially, is that recipients will have a lower tendency to spend recklessly and a greater inclination to save—a key factor when distributing a payment like the DOGE dividend.”

NBC also reports that Fishback suggested limiting the dividend to households above a certain income threshold to reduce the risk of inflation. He noted that pandemic-era stimulus checks were distributed too broadly and “indiscriminately,” which contributed to economic disruptions.

What’s Next?

With support growing among lawmakers, anticipation continues to build over whether the bill will move forward or stall in Congress. If passed, the DOGE stimulus checks could mark a significant shift in how government funds are allocated, prioritizing fiscal responsibility while still providing financial relief to eligible taxpayers.

For now, all eyes are on Washington as the debate over the proposed stimulus bill unfolds. builds. Will this bill see the light of day, or will it fade into political limbo? Only time will tell.

Tags: AzoriaDOGEDonald TrumpElon Musk
Tweet1ShareShare2

DON'T MISS THESE! HOT OFF THE PRESS

GameStop Stock Continues Dump Following $500 Million Bitcoin Buy Plan: What Happened?
Bitcoin

GameStop Stock Continues Dump Following $500 Million Bitcoin Buy Plan: What Happened?

May 29, 2025
Trump’s Tariffs Reinstated: Crypto Markets Lose Over $100B Amid Legal Whiplash
Bitcoin

Trump’s Tariffs Reinstated: Crypto Markets Lose Over $100B Amid Legal Whiplash

May 29, 2025
Top 3 Altcoins You Need to Buy Before the Upcoming Altcoin Season (MASSIVE POTENTIAL)
Cardano

Top 3 Altcoins You Need to Buy Before the Upcoming Altcoin Season (MASSIVE POTENTIAL)

May 29, 2025
Chainlink Gears Up for Major Breakout: $35 Target in Sight
Chainlink

Chainlink Gears Up for Major Breakout: $35 Target in Sight

May 29, 2025
Analysts Believe THIS Could Propel Solana Over Ethereum in 2025
Crypto

Analysts Believe THIS Could Propel Solana Over Ethereum in 2025

May 29, 2025
Trump Reciprocal Tariffs Reinstated Following Appeals Court Overturn: Bullish or Bearish for Markets?
Finance

Trump Reciprocal Tariffs Reinstated Following Appeals Court Overturn: Bullish or Bearish for Markets?

May 29, 2025
Load More

Related News

GameStop Stock Continues Dump Following $500 Million Bitcoin Buy Plan: What Happened?

GameStop Stock Continues Dump Following $500 Million Bitcoin Buy Plan: What Happened?

May 29, 2025
Trump’s Tariffs Reinstated: Crypto Markets Lose Over $100B Amid Legal Whiplash

Trump’s Tariffs Reinstated: Crypto Markets Lose Over $100B Amid Legal Whiplash

May 29, 2025
Top 3 Altcoins You Need to Buy Before the Upcoming Altcoin Season (MASSIVE POTENTIAL)

Top 3 Altcoins You Need to Buy Before the Upcoming Altcoin Season (MASSIVE POTENTIAL)

May 29, 2025
Chainlink Gears Up for Major Breakout: $35 Target in Sight

Chainlink Gears Up for Major Breakout: $35 Target in Sight

May 29, 2025
Analysts Believe THIS Could Propel Solana Over Ethereum in 2025

Analysts Believe THIS Could Propel Solana Over Ethereum in 2025

May 29, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.