Stimulus Check Update 9-24-20: FINALLY! Senate Passing HUGE NEW BILL Second Stimulus Package

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Here’s your daily stimulus check, your second stimulus check, your executive action, order, memorandums, moratoriums and stimulus package update for Thursday, September 24th, 2020.

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Dallas Mavericks owner and Shark Tank favorite Mark Cuban offered his thoughts on how to stimulate the economy, which includes sending millions of Americans more stimulus checks.

Cuban wants to send all US households $1,000 stimulus checks every 2 weeks, but there’s a catch to his proposal that I think is brilliant.

All $1,000 payments must be spent within 10 days, or the money is gone.

Cuban’s “use it or lose it approach” was proposed back in May and he is doubling down on his strategy and believes it could still work today.

By forcing Americans to use their stimulus funds, they are putting much needed money back into the economy.

Cuban explained: “I don’t care what they spend it on. It could be candy, it could be rent, it could be their mortg age, it could be anything they deem necessary or that they want.”

I think this sounds like a great idea that could keep millions of struggling small businesses alive, and will ensure essential items are covered by the need to spend stimulus checks instead of saving the funds.

Meanwhile, more details are starting to emerge over Presidential candidate Joe Biden’s preferred stimulus items that he aims to include in another stimulus package if elected President in November.

I’m hearing that Biden wants to include another round of stimulus checks, more extended enhanced unemployment benefits, paid sick leave for American employees, an $8,000 tax credit annually for parents of young kids, and health insurance coverage.

He’s also interested in more small business financial assistance, $700 billion for US manufacturing and funding for American innovation research.

Biden also expressed his desire for a $4 trillion tax increase over the next 10 years, which would be paid almost entirely by households earning $400,000 or more per year.

These sound like excellent stimulus measures to me and if Congress can’t pass something, these items seem like a great starting point for that much anticipated Phase 4 disaster relief bill.

Finally, the House’s new stimulus bill, or continuing resolution, is on it’s way to the Senate, where it could be approved as soon as today!

But some Republicans are using this CR as a finish line to head home and campaign in their
states without another stimulus package being approved.

Senate Majority Whip John Thune stated: “My guess is if we wrap up the CR then, yeah, we probably should be done for at least a while until something pops on one of those other issues.”

Thune also expressed his frustrations with negotiating with Dems, stating: "The Democrats seem to be saying that we would rather have zero than have what we put up. At this point we're not seeing cooperation with Democrats on a reasonable or realistic bill."

House Speaker Nancy Pelosi responded to these accusations: "We have to meet the needs of the American people. This is not a check the box or the path of least resistance. They have contempt for science and disdain for state and local government."

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