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Mark Cuban says families should get $1,000 stimulus checks biweekly — but there’s a catch

You have to spend the money

Dallas Mavericks owner Mark Cuban looks on as the Mavericks play the Denver Nuggets during the second half of an NBA basketball game, Wednesday, March 11, 2020, in Dallas. The Mavericks won 113-97. (AP Photo/Ron Jenkins)
Dallas Mavericks owner Mark Cuban looks on as the Mavericks play the Denver Nuggets during the second half of an NBA basketball game, Wednesday, March 11, 2020, in Dallas. The Mavericks won 113-97.
Ron Jenkins, Associated Press

Dallas Mavericks owner Mark Cuban says families across America should receive another round of stimulus checks — but they should come with some requirements.

What’s going on:

Stimulus checks reappeared in the national discourse this week as the House of Representatives passed a bill that would send another round of stimulus checks to families across the country.

Republicans in the Senate have shot down the bill in discussions with the media. The bill is not expected to pass.

Cuban, who criticized the Paycheck Protection Program on Twitter, suggested that consumer demand is the only way to save businesses, MarketWatch reports.

Cuban said there should be an interim spending stimulus program that would give 128 million Americans $1,000 checks every two weeks.

But, he said, the checks must be spent within 10 days to ensure the money flows back into the economy.

“Cost about $500b, but it will allow for demand for non essential products and services to increase, hopefully keeping most businesses alive, as we learn what the impact of re-opening is on the spread and whether or not employment grows organically,” he tweeted.

More on Cuban

Cuban has been discussing plans for how to keep people safe at the American Airlines Center — where the Mavericks play — during the coronavirus pandemic and afterward, as I wrote for the Deseret News.

He told ESPN 103.3 KESN-FM in Dallas that the Mavericks might bring back fans in a limited capacity before there’s a vaccine, according to the Dallas Morning News. But, Cuban said, there’d be staggered fan arrival. He said he would look to Disneyland’s plans before he decides on what happens.

“We may do that almost like Disneyland, do it like there’s a procession and you have people guiding you to your seat,” Cuban said. “Or the example I use is more like a haunted house where you wait in line and you go through the haunted house, but you’re not allowed to touch anything, and everybody just is guided to their seats at the right time.