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Politics Mark Cuban calls for $1,000 stimulus checks every two weeks through November

04:35  27 september  2020
04:35  27 september  2020 Source:   cnn.com

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Mark Cuban is once again pushing the idea that every American household should receive $ 1 , 000 bi- weekly stimulus checks for the next two months.

(CNN) — Mark Cuban is once again pushing the idea that every American household should receive $ 1 , 000 bi-weekly stimulus checks The approach is rooted in promoting spending to help stimulate the economy. “The whole goal is to get that money every two weeks into the economy,” Cuban said.

Mark Cuban is once again pushing the idea that every American household should receive $1,000 bi-weekly stimulus checks for the next two months.

Mark Cuban wearing a blue shirt: NEW YORK, NEW YORK - NOVEMBER 14: (EXCLUSIVE COVERAGE) Mark Cuban visits © John Lamparski/Getty Images NEW YORK, NEW YORK - NOVEMBER 14: (EXCLUSIVE COVERAGE) Mark Cuban visits "Mornings With Maria" at Fox Business Network Studios on November 14, 2019 in New York City. (Photo by John Lamparski/Getty Images)

The billionaire investor says additional stimulus for Americans is just as paramount as it was at the start of the pandemic, claiming there are "two economies", in which some are able to pay their bills and others cannot.

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Mark Cuban : Every household in America should receive a $ 1 , 000 stimulus check every 2 weeks for the next 2 months. With Cuban 's plan, "the whole goal is to get that money every two weeks into the economy," he says. "Once businesses start having demand, even if they're closed and working online

Mark Cuban is once again pushing the idea that every American household should receive $ 1 , 000 bi- weekly stimulus checks for the next two months. Cuban joins the ranks of public figures who have called for providing more stimulus to Americans in the form of universal basic income, or UBI.

"Those without [help] are struggling badly," he told CNBC this week. "We need to get them help."

Cuban suggests a "use or lose it" approach where Americans would have to spend the funds within 10 days or they would lose the money. The approach is rooted in promoting spending to help stimulate the economy.

"The whole goal is to get that money every two weeks into the economy," Cuban said. "Once businesses start having demand, even if they're closed and working online, then there is a reason for them to be able to bring back employees and retain those employees if demand is sustained."

But with Congress in a stalemate, there are no signs that American households will be receiving a second wave of stimulus anytime soon.

Trump threw stimulus checks back into play and called for a large economic aid package — but Republicans still aren't backing more spending

  Trump threw stimulus checks back into play and called for a large economic aid package — but Republicans still aren't backing more spending Trump has tried prodding Republicans to back more stimulus spending, but his influence appears to be limited. Democrats are holding firm.But the Senate GOP hasn't been swayed so far — and they're doubling down on their reluctance to approve more federal spending after Democrats blocked a slimmed-down $300 billion package last week.

BILLIONAIRE Mark Cuban has said every household should receive a $ 1 , 000 stimulus check every two weeks for two months for relief from the pandemic. Cuban spoke of two difficulties he said people are facing right now – being able to financially survive amid shutdowns, and struggling to make

Cuban tweeted that 128 million households in the country should be given $ 1 , 000 every two weeks for the next two months with a stipulation that they spend LOS ANGELES - Billionaire and “Shark Tank” co-host, Mark Cuban is pushing for a new approach to prop up the economy — $ 1 , 000 stimulus

President Donald Trump urged the GOP to "go higher" in a tweet last Wednesday regarding a deal on coronavirus stimulus payments. But focus has since shifted as both Republicans and Democrats feud over who will fill the open Supreme Court seat of the late Justice Ruth Bader Ginsburg.

Cuban joins the ranks of public figures who have called for providing more stimulus to Americans in the form of universal basic income, or UBI. The concept of universal basic income is a regular paycheck for all adult Americans, regardless of income and employment.

Andrew Yang, helped popularize the UBI movement with his stand-out policy, the "Freedom Dividend," during his stint as a 2020 Democratic presidential candidate. Yang's proposal promised $1,000 a month or $12,000 a year for all US citizens over the age of 18.

The idea was first piloted by Mayor Michael Tubbs of Stockton, California, in February 2019. The project known as the Stockton Economic Empowerment Demonstration (SEED) provided Stockon residents with $500 a month for 18 months.

What Donald Trump and Joe Biden Have Said About a Second Stimulus Check for Americans .
Both candidates are expected to discuss the pandemic and the economy during the first presidential debate Tuesday night.Both candidates have voiced support for a second one-time direct payment in recent months, but it does not appear to be an integral part of Biden's economic recovery plan for the country.

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