• Trump and Elon Musk keep talking up the idea of sending some DOGE savings to Americans.
• GOP lawmakers, including House Speaker Mike Johnson, keep batting it down.
• The president can't do this on his own — he'd need Congress to approve it.

President Donald Trump and Elon Musk keep talking up the "DOGE Dividend" — turning a portion of the Department of Government Efficiency's eventual savings into checks to taxpayers.

But for the DOGE checks to become reality, Congress would have to authorize it. White House Deputy Chief of Staff Stephen Miller told reporters as much on Thursday, pointing to the ongoing budget reconciliation process on Capitol Hill.

So far, most Republicans aren't biting — including House Speaker Mike Johnson.

"I mean, politically, that would be great for us," Johnson said at the Conservative Political Action Conference (CPAC) on Thursday. "But if you think about our core principles, right? Fiscal responsibility is what we do."

"We have a $36 trillion federal debt, we have a giant deficit that we're contending with," Johnson continued. "I think we need to pay down the credit card."

That's similar to what other Republicans are saying — that Congress should be balancing the federal budget and paying down the national debt before any talk of sending out checks.

"If there's money left after we address inflation, and the debt, and the deficit, it's always a good idea to send taxpayers their money back," Sen. Cynthia Lummis of Wyoming told reporters. "But when we're $36 trillion in debt, we've dug ourselves a pretty big hole."

Sen. Rand Paul of Kentucky told reporters that he's "all for it after they balance the budget." Sen. Ted Cruz of Texas told Business Insider he'd "want to see the details" of the plan.

With Democrats largely shunning DOGE, the legislative path for the checks is largely closed off — unless Republicans change their mind.

That hasn't stopped Musk from talking it up.

During his own appearance at CPAC on Thursday, the billionaire businessman likened the checks to the "spoils of battle" and expressed optimism about the idea.

"I talked to the president, he's supportive of that, and so it sounds like that's something we're going to do," Musk said.

The "DOGE Dividend" was first proposed by investor James Fishback, who pitched the checks as a way to engage the mass public in DOGE's efforts and pay "restitution" to taxpayers.

According to Fishback's formulation, 79 million households — those that are net taxpayers — would receive $5,000 checks in 2026, funded by 20% of the money saved by DOGE.

That's based on an assumption that DOGE cuts $2 trillion from the federal budget. In recent weeks, Musk and Trump have revised that goal down to about $1 trillion.

• An investment banker floated paying some of DOGE's savings back to taxpayers in the form of checks.
• Elon Musk said he'd "check with" Trump about it.
• Lawmakers on Capitol Hill would need to approve it, and it's facing some skepticism.

What if some of the money saved by Elon Musk's Department of Government Efficiency could be paid back to Americans as checks from the government?

That idea, promoted by investment manager James Fishback, gained significant traction online on Tuesday after Musk said on X that he would "check with" President Donald Trump about it. "Obviously, the President is the Commander-in-Chief, so this is entirely up to him," Musk later added.

After the initial publication of this story, Trump acknowledged the idea at an event in Florida, saying that a "new concept where we give 20% of the DOGE savings to American citizens" is now "under consideration."

"I literally had a dream about this," Fishback told BI during a Wednesday phone interview about how he and a colleague at his firm came up with the idea. "Then we woke up and started working on it, and put it on paper over the course of about two and a half hours."

Fishback told BI that he's meeting with a variety of House and Senate offices in Washington, DC this week, and that he's emailed the proposal to White House Chief of Staff Susie Wiles. The White House did not respond to a request for comment.

In any event, the idea still has a long way to go. It would take an act of Congress to enact the proposal, which is already encountering some early skepticism from lawmakers in both parties.

Republican Sen. Thom Tillis of North Carolina told BI that he believes "sending checks is not the smartest way to spend savings" and that he'd rather use the savings to "drive down the debt."

"I have three grandchildren, all under the age of eight years old," Tillis said. "Their fractional share of the national debt is about $100,000. I think maybe it makes sense to help pay down that debt obligation."

Responding to the proposal on X, Sen. Ron Johnson of Wisconsin wrote that he'd be "happy" to entertain the idea "once we balance the budget."

"The first use of that money needs to actually be reducing spending, so we can have a balanced budget, so Americans can keep their hard earned dollars," Johnson told BI. "Not only from a standpoint of not having to pay taxes, but so we don't inflate them away."

Fishback said he welcomes the conversation and agrees that paying down the debt should be a top priority. But he said that the checks would be a crucial way to generate public interest and buy-in to DOGE's goals — and he suggested that public pressure could push potential critics to back his populist proposal.

"I don't see how you can go to a town hall meeting, when you go back to your district, and say you voted against President Trump's DOGE dividend," Fishback said. "You're going to have a lot of questions to answer from a lot of angry, aggrieved taxpayers."

How the 'DOGE Dividend' would work

Under the rosiest version of Fishback's proposal, some Americans would receive a one-time $5,000 check in 2026, paid for the savings generated by DOGE.

There are a couple of caveats.

For one, Fishback's plan is based on an assumption of $2 trillion in savings, the goal that was originally set for DOGE. Musk and Trump have since halved that number, telling Sean Hannity in a Tuesday night interview on Fox News that "the overall goal is to try to get a trillion dollars out of the deficit."

Additionally, the checks — funded by 20% of DOGE's overall savings — would only be sent to net payers of federal income tax, which Fishback estimates to be 79 million households.

Republican Sen. Josh Hawley of Missouri, who said he generally supports "the principle of taking that money and returning it to the people," said he wants to see those savings put toward a child tax credit.

"That's what I prefer to do," Hawley told BI, pointing to the costs borne by families with multiple children. "We ought to direct relief to them, and this would be a great way to fund it."

Fishback countered that his proposal is "not an economic stimulus package" and is about paying "restitution" to taxpayers whose money has been misused.

"The only criterion that we care about is whether or not you have paid federal income tax. If you have, then you deserve restitution. If you haven't, then you haven't been aggrieved," Fishback said. "The people who get restitution are the people who paid, and did not feel like they got a good value out of it."

Meanwhile, Democrats largely want nothing to do with DOGE, owing to the recent shuttering of federal agencies and mass firing of federal employees.

"It's just a con. It's not about saving money. It's about stealing from people," Democratic Sen. Chris Murphy of Connecticut told BI, referring to DOGE broadly. "This is all a pretty simple effort to steal from regular people to enrich the very wealthy."

This story has been updated to reflect Trump's acknowledgment of the idea later on Wednesday.