The government would be creating a market distortion by not allowing companies to spend their money how they see fit and instead redistributing to another sector (the general public).
There would be no growth because the money the people would be spending is the same the government took from the companies in the first place. It's like taking the fat out of a man and feeding it back to him.
I'd point out that nobody (except for you) said anything about preventing companies from spending their money as they see fit. I don't understand where you even get that from.
How does the government acquire the money for that stimulus? By taking it from the companies through taxation. Government spending is always less efficient than by private entities.
There would be no growth because the money the people would be spending is the same the government took from the companies in the first place. It's like taking the fat out of a man and feeding it back to him.