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Politics Give $1,000 Stimulus Check Every Two Weeks to Help Families, Economy: Cuban

13:37  24 september  2020
13:37  24 september  2020 Source:   newsweek.com

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Mark Cuban wants the government to give you a $ 1 , 000 stimulus check every two weeks . Here’s what you need to know. The goal is to stimulate the economy and to help businesses. In contrast, the other stimulus checks (while they also might have a similar affect), arguably are intended to help

a $ 1 , 000 stimulus check every two weeks for two months. But the 0 billion check program would have a catch, the money would need to be spent by families within 10 days of receipt, so the funds would actually be used to help boost the demand for non-essential services and help stabilize

Mark Cuban has again suggested each household in America should receive a $1,000 stimulus check every two weeks for the next two months in order to help families and boost the economy amid struggles posed by the COVID-19 crisis.

a close up of Mark Cuban in a blue shirt: Owner Mark Cuban of the Dallas Mavericks reacts against the Miami Heat during the second half at American Airlines Arena on February 28, 2020 in Miami, Florida. He has commented on the way he feels stimulus checks should be distributed. © Michael Reaves/Getty Images Owner Mark Cuban of the Dallas Mavericks reacts against the Miami Heat during the second half at American Airlines Arena on February 28, 2020 in Miami, Florida. He has commented on the way he feels stimulus checks should be distributed.

The entrepreneur made the suggestion in an interview for CNBC Make It, insisting such a course of action would be beneficial having previously urged such measures in May.

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Dallas Mavericks owner Mark Cuban argues his economic proposal to boost the U.S. economy The billionaire entrepreneur proposed the government issue $ 1 , 000 checks to every American household every two weeks for the next two months Will you get a second stimulus check ? The program was designed to give businesses with fewer than 500 workers low-interest loans of up to

Billionaire Mark Cuban says it’s time for the government to push “trickle-up economics” to save small businesses, because the He added that while that plan is being implemented, an interim spending stimulus program should be put in place in which 128 million households get a $ 1 , 000 check every

In regards to people struggling across the U.S., he said: "We need to get them help."

The money would be distributed to households regardless of income under his plan, though would come with the caveat it must be spent within 10 days of being received. This would promote spending, in turn assisting businesses who have also suffered amid the crisis.

Previously, he described this as a "use it or lose it" approach and said it would "allow for demand for non-essential products and services to increase," thus helping businesses involved in those areas.

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NEWS UPDATE on the 00 CHECK every 2 weeks ROUND 2 Stimulus Check Package introduced by MARK CUBAN . What will the SECOND STIMULUS CHECK look like? When is

Billionaire Mark Cuban wants the government to give more money to Americans to help bolster the economy . Cuban is a member of the White House advisory group dedicated to reopening the Cuban said the government should give every household $ 1 , 000 every two weeks for the next two months.

Newsweek has contacted Mark Cuban Companies to ask for further comment.

Cuban's comments come amid a stalemate between Democrats and Republicans in terms of agreeing a further stimulus package.

There has been bipartisan support for more stimulus checks, though other points of contention have seen a deal unable to pass Congress.

The CARES Act which was signed in March provided $1,200 economic impact payments for people across the nation in order to support them financially.

The HEROES Act, which passed the House in May but was branded dead on arrival upon being passed to the Senate, included similar measures. Republican lawmakers and the White House have previously indicated support for further checks, with there also being bipartisan support among the public for this.

Another package, named the HEALS Act, was proposed by Republicans which also included further stimulus checks, though this also failed to gain traction among lawmakers in Congress.

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200 stimulus checks instantly, weeks before the government is expected to send the payments. number of Americans filing for unemployment benefits surged by 10 million in the last two weeks , an The idea for the program came in discussions with entrepreneur Mark Cuban , owner of the Dallas

The First Stimulus Checks Are Still Being Sent. You may have gotten your money, but not everyone has. “The inclusion of direct assistance in the CARES Act was an important first step, but we must provide workers and families with relief that actually matches the need and scale of this economic

Other cut down packages have also been put forward, with a so-called skinny bill, which did not include stimulus checks, failing to pass in the Senate.

White House negotiators have held talks with Democrat figureheads, though these have struggled to find a breakthrough.

Recent polling found 89 percent of Americans asked felt a further stimulus package was needed.

This coincides with previous surveys suggesting people desire a further set of checks, with some suggesting they need them to cover essential costs.

Lawmakers on both sides of the aisle have pushed for leaders in the House of Representatives to keep members of Congress in Washington to work on a relief package, instead of adjourning in October.

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Video: Stimulus talks remain at an impasse as funding deadline approaches (CNBC)

Treasury Secretary Mnuchin says any bipartisan stimulus deal will include more $1,200 direct payments for Americans .
Mnuchin said any coronavirus aid agreement would include another round of $1,200 stimulus checks for Americans.In an interview on Fox Business, Mnuchin reiterated the Trump administration's opposition to the $2.2 trillion economic aid plan that Democrats are pressing for and said they prioritized getting people back to work instead.

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