Republican Relief Bill Would Cost $1.1 Trillion: Report
Budget

Republican Relief Bill Would Cost $1.1 Trillion: Report

ERIN SCOTT/Reuters

The coronavirus relief bill released by Senate Republicans this week would cost roughly $1.1 trillion over the next 10 years, according to an analysis by the Committee for a Responsible Federal Budget. If enacted, it would bring total coronavirus spending to close to $5 trillion, CRFB said, adding the cost to the roughly $3.7 trillion already enacted by Congress.

The cost of some of the key elements of the bill, according to CRFB:

  • Another round of stimulus checks: $300 billion,
  • Small business loans and support: $158 billion,
  • Tax breaks for businesses to hire, retain and protect workers: $200 billion,
  • Targeted aid for U.S. businesses: $63 billion,
  • Health-related spending, including testing and vaccines: $111 billion,
  • Enhanced unemployment benefits: $110 billion,
  • Education: $105 billion.

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