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.