The combined $6 trillion price tag on the COVID-19 stimulus packages OK’d by Congress, including Wednesday’s $1.9 trillion Biden bill, will cost taxpayers the equivalent of $17,000 each, or $69,000 per family, according to a new analysis.
What’s more, the new package set for House approval on Wednesday sets aside billions of dollars for non-COVID-19 relief and adds to the nearly $1 trillion in unspent money approved in earlier coronavirus bills.
House Minority Leader Rep. Kevin McCarthy, in urging the defeat of the so-called “Christmas tree” package, said on the House floor: “This is the reality of the bill before us today: It showers money on special interests but spends less than 9% on actually defeating the virus. But it gives San Francisco $600 million, essentially wiping out 92% of their budget deficit.” — Read more (Source)
COVID stimulus price tag: $17,000 per person, $69,000 per family
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