A proposed tax rebate known as the \u201cDOGE Dividend\u201d could see some American taxpayers receive refund checks, but not everyone will qualify. As reported by Yahoo Finance<\/em><\/a>, the idea\u2014first suggested by investment manager James Fishback\u2014has gained traction, with Elon Musk and Donald Trump both acknowledging it as a possibility.<\/p>\n\n\n\n
The DOGE Dividend is being pitched as a way to return 20% of the savings generated by the Department of Government Efficiency (DOGE) to American taxpayers. Fishback, who briefly worked with Vivek Ramaswamy on the project, initially floated the idea in a February tweet, stating:<\/p>\n\n\n\n
\n\u201cAmerican taxpayers deserve a \u2018DOGE Dividend\u2019: 20% of the money that DOGE saves should be sent back to hard-working Americans as a tax refund check. It was their money in the first place!\u201d<\/p>\n<\/blockquote>\n\n\n\n
Since then, the idea has sparked discussion, particularly among wealthier taxpayers<\/strong>, who would benefit the most from this type of rebate.<\/p>\n\n\n\n
Who Would Qualify for the DOGE Dividend?<\/strong><\/h2>\n\n\n\n
Unlike previous stimulus payments<\/a>, which were distributed to most American households, the DOGE Dividend would only be available to individuals and families who contribute more in taxes than they receive in government credits.<\/p>\n\n\n\n
Would the DOGE Dividend Cause More Inflation?<\/strong><\/h2>\n\n\n\n
One of the biggest concerns surrounding the proposal is its potential impact on inflation. Critics argue that injecting additional cash into the economy\u2014even as a tax rebate\u2014could drive up demand, increase prices, and worsen existing economic pressures.<\/p>\n\n\n\n
Finance expert Aaron Razon<\/strong> expressed skepticism, stating:<\/p>\n\n\n\n
\n\u201cIf a large amount is distributed amongst taxpayers, a few will invest it, but many would instead increase their spending. That in turn raises demands, drives up prices, and potentially leads to more disruptions in distribution chains.\u201d<\/p>\n<\/blockquote>\n\n\n\n
Similarly, Joseph Camberato<\/strong>, CEO of National Business Capital, compared the plan to the COVID-19 stimulus checks, which contributed to inflation by flooding the economy with extra cash.<\/p>\n\n\n\n
However, Fishback argues the opposite, suggesting that taxpaying households are more likely to save, invest, or pay down debts rather than increase spending. Whether this argument holds weight remains a point of debate among economists.<\/p>\n","protected":false},"excerpt":{"rendered":"
A proposed DOGE Dividend tax rebate, backed by Elon Musk and Donald Trump, could send refund checks to taxpayers\u2014but low- and moderate-income earners may be left out of the payout.<\/p>\n","protected":false},"author":4,"featured_media":101664,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[44],"tags":[],"class_list":["post-103202","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/en.econostrum.info\/wp-json\/wp\/v2\/posts\/103202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.econostrum.info\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.econostrum.info\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/wp-json\/wp\/v2\/comments?post=103202"}],"version-history":[{"count":1,"href":"https:\/\/en.econostrum.info\/wp-json\/wp\/v2\/posts\/103202\/revisions"}],"predecessor-version":[{"id":103205,"href":"https:\/\/en.econostrum.info\/wp-json\/wp\/v2\/posts\/103202\/revisions\/103205"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.econostrum.info\/wp-json\/wp\/v2\/media\/101664"}],"wp:attachment":[{"href":"https:\/\/en.econostrum.info\/wp-json\/wp\/v2\/media?parent=103202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.econostrum.info\/wp-json\/wp\/v2\/categories?post=103202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.econostrum.info\/wp-json\/wp\/v2\/tags?post=103202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}