Mark Cuban Says All American Households Should Get a $1,000 Stimulus Check Every 2 Weeks for 2 MonthsHe reiterated his support for Americans receiving a $1,000 direct payment every two weeks for two months, and they'd have 10 days to spend the cash.

ByJoseph Zeballos-Roig

This story originally appeared onBusiness Insider

Bloomberg | Getty Images

Billionaire investor Mark Cuban says the federal government should provide every household in America with a $1,000 stimulus check every two weeks for the next two months.

In an interview with CNBC, Cuban urged Congress to pass another economic aid package to prop up individuals and businesses in dire straits, saying "we need at as much now as we did" at the onset of the pandemic.

古巴最初提出的第二波直接payments in mid-May, shortly after House Democrats passed a broad spending package containing the measure. He told the outlet he still thought it should be carried out "the same way" with families having only 10 days to spend the federal cash, arguing it would boost spending and better assist businesses.

The Dallas Mavericks team owner previously elaborated on his proposal.

"I don't care what they spend it on," Cuban toldKNX 1070 News Radioearlier this year. "It could be candy, it could be rent, it could be their mortgage, it could be anything they deem necessary or that they want."

Cuban's idea differs from what Congress enacted in the CARES Act in March since it has no income threshold, meaning everyone would receive a government check. Lawmakers and President Donald Trumpauthorizeda wave of direct $1,200 payments for individuals earning up to $75,000 a year, plus $500 for each dependent child.

Related:When Will My Next Stimulus Check Arrive? (Updated)

The cash amount diminished until phasing out for those making above $99,000. Married couples earning up to $150,000 a year also qualified for the full payment.

The Treasury Department and IRS distributed nearly 153 million stimulus payments this year,according to the Peter Peterson Foundation. The programcarried a $292 billion price tag.

Experts say an income threshold helps target the federal money toward individuals and families struggling to stay afloat amid the crisis. Not implementing a phase-out would significantly increase the cost of a second round of stimulus checks, which may trigger opposition from Republicans wary of the mounting national debt — and add another hurdle toward a bipartisan agreement.

Stimulus negotiations remain deadlocked as Republicans and Democrats remain $1 trillion apart in their spending proposals. In recent days, the looming Supreme Court nomination fight to replace the late Ruth Bader Ginsburg on the high court hasabsorbed much of Congress' attention, and there's been little movement on another stimulus package.

Both parties are bitterly divided on the amount of state aid and unemployment benefits that should be included in another coronavirus relief bill.

A "skinny" $650 billion stimulus package from the GOP wasblocked by Democratsearlier this month, who attacked it as "emaciated" and inadequate to address the twin public health and economic crises. They're calling for at least $2.2 trillion in additional spending.

Related Topics

Business Solutions

Make iOS Navigation Easier with This Handy App, Now Just $19.97 for Life

This app helps ensure smooth iOS management across devices.

Starting a Business

鲨鱼坦克最成功的品牌之一n't Even Supposed to Be a Business at First. Here's How It Became One With $1 Billion in Lifetime Revenue.

Randy Goldberg and David Heath co-founded Bombas, a comfort-focused sock and apparel brand on mission to help those in need, after an eye-opening discovery on Facebook.

Leadership

5 Books That Will Change The Way You Think About Being an Effective Leader

Want to improve the way you lead? Learn from those who blazed the trails you hope to follow.

Business News

Katy Perry Is Fighting the Founder of 1-800-Flowers for a $15 Million California Mansion He Doesn't Want to Sell Her

The eight-bedroom, 11-bathroom estate sits on nearly nine acres in the Santa Ynez foothills in Montecito.

Living

6 Things Successful People do Before 9 a.m.

Doing something useful when you feel least like doing anything almost guarantees a productive day.