Watch Elon Musk’s admission about DOGE checks potentially not happening
Elon Musk stated that the issuance of DOGE stimulus checks will require congressional approval or the consent of President Donald Trump.
The likelihood of Americans receiving the proposed $5,000 stimulus payments from the Department of Governmental Efficiency (DOGE) is increasingly uncertain, as agency head Elon Musk discussed the conditions necessary for it to materialize.
“It ultimately depends on Congress and possibly the president regarding whether specific checks will be issued,” Musk remarked during a rally in Wisconsin on Sunday, as reported by USA TODAY.
Musk indicated that Americans would probably feel the effects of the significant cuts that the DOGE team is implementing as a means to mitigate inflation. “As government operations become more efficient and spending is curtailed, the tax burden of inflation lessens,” Musk remarked further.
Are DOGE checks still on the table? Payouts may fall short of the full $5,000
If Congress moves forward with the DOGE checks and President Trump gives his approval, taxpayers might not receive the full proposed amount of $5,000. Instead, payouts could be as low as $1,250, which would represent a considerable decrease from the initial proposition.
The future of DOGE stimulus payments remains in limbo. The proposal must clear several legislative hurdles before any checks can be disbursed to the American public.
To start with, the payments must gain the green light from Congress, which could potentially allocate the available funds towards reducing the national debt instead.
Additionally, DOGE is expected to generate $2 trillion in savings, among other prerequisites, indicating a significant delay before the $5,000 checks could be issued.
Moreover, the proposal, which was initially suggested by investment firm CEO James Fishback, stipulates that DOGE would only provide payments to eligible households that surpass a specific income threshold and are net-income taxpayers (those who pay more in taxes than they receive back), leaving lower-income individuals ineligible for the returns, as noted by USA TODAY.
Fishback emphasized that “This program is solely intended for households that are net contributors to federal income tax, reflecting their tendency to save rather than spend a one-time payment like the DOGE dividend.”
