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

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.

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.

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.

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.

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.

mark cuban
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