Mark Cuban says every household in the United States should receive a $1,000 stimulus check every two weeks for the next two months.
Around 13 million people are out of work due to the pandemic, and thousands of businesses have closed across the U.S.
Experts say that more stimulus is going to be needed to keep the economy afloat, and a deal doesn’t seem like it will be reached in the near-term.
Congress is stuck, so Cuban, a billionaire, and investor, says that American households need it now more than ever.
The main culprit, in his estimation is the following: There are two economies, or sets of realities for American families. Some can stay afloat, and those who desperately need assistance.
He elaborated on the move, calling it a ‘use it or lose it’ approach. In other words, maintain economic activity – or watch it disappear and deal with the longer-term impacts of that decision.
“There is certainly a lot of risk in this use it or lose it approach,” he explained. “But it will allow for demand for non-essential products and services to increase, hopefully keeping most businesses alive.”
The Problem Solvers Caucus has put forward a proposal. However, getting Democrats from the House and Senate on-board has been a challenge. While the caucus consists of both Democrats and Republicans, the parties are divided on what measures should be included this time.
FingerLakes1.com is the region’s leading all-digital news publication. The company was founded in 1998 and has been keeping residents informed for more than two decades. Have a lead? Send it to [email protected].