Coronavirus response bill estimated to cost $104 billion

The second of at least three expected coronavirus spending bills is expected to cost $104 billion, according to an estimate released Monday night from the Joint Committee on Taxation.

The bill would provide up to 10 days of fully paid sick leave and 12 weeks of paid family leave for parents at two-thirds of their salary, plus shore up nutritional assistance for families and fund testing for the coronavirus.

The House approved a package of technical corrections to the bill on Monday night, which scaled back the scope of the sick and paid leave provisions. The Senate could take up the package as soon as Tuesday.

Meanwhile, the White House is expected to ask Congress for an additional $850 billion stimulus package to shore up the economy, which has suffered as a result of the travel restrictions and social distancing measures aimed at combating the virus’s spread.

Bars and restaurants have closed across the country, sports leagues have suspended operations and travel has been significantly curtailed, hurting the airline and hospitality industries.

Congress already approved and Trump signed an $8.5 billion bill to fund the emergency response to the virus.

Tags Coronavirus

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