Covid Stimulus Bill Cost

That s the official price tag on the federal government s most recent stimulus bill passed in response to the covid 19 pandemic.

Covid stimulus bill cost. The total cost of the package is 2 3 trillion making it the second largest economic stimulus in u s. A second round of stimulus checks could cost up to a staggering 10 trillion. The covid 19 relief bill was attached to a must pass 1 4 trillion spending bill.

President elect joe biden s covid relief proposal includes investing 20 billion in a national vaccination program and 1 400 stimulus checks. The bill also includes 15 billion for customs and border protection nearly 8 billion for immigration and customs enforcement and 840 million in emergency cash to help ports of entry cover. Keep in mind some of the package is loans and may ultimately be paid back she said.

Getty the covid 19 crisis shut down the american economy in an unprecedented manner. The true cost of the senate s coronavirus relief bill. The 900 billion in relief paired with a 1 4 trillion bill to continue government funding into september excluded the republican priority of liability protection for businesses and other.

Advocates of stimulus seem to think that the panic of 2020. We estimate that the payments would cost 174 billion in federal revenue according to the tax foundation general equilibrium model. The cares act relief bill passed in march is the largest stimulus package in modern american history.

The majority of the price tag 1 4 trillion and a. The per taxpayer cost of the stimulus bills. The bill costs 2 3 trillion which sounds like a lot considering earlier this month some in congress were balking at anything over 900 billion.

The bill appropriates 166 billion for the direct payments.