$600 Covid checks will cost U.S. about $166B

Started by ModelCitizen, December 21, 2020, 09:11:03 AM

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ModelCitizen

http://www.crfb.org/blogs/whats-final-covid-relief-deal-2020

The agreement includes support for small businesses, expanded unemployment benefits, recovery rebates, funding for schools, transportation spending, money for COVID testing and vaccines, and a variety of other programs. We do not yet have legislative text nor a CBO score, so the summary and analysis below represents our best understanding of the agreement, as compiled from press reports and legislative summaries. We will be updating it as more details become available. Our figures are slightly higher than press reports, in part because we include COVID-related measures that may not be included in the COVID-specific parts of the legislation.

Under our central estimates, the package will cost about $910 billion and would boost economic output by $610 billion (3 percent of 2021 GDP), which is equivalent to closing the entire estimated output gap for 2021 and almost half of the total estimated output gap through 2023.



That's actually less cost than I thought it'd be.