The Committee for a Responsible Federal Budget wrote in an analysis Monday that the Democrats’ coronavirus bill contains at least $312 billion in policies unrelated to the coronavirus. The Committee released an analysis of the House coronavirus bill, stating that it: …is much larger than the needs of the economy, much of its spending is poorly targeted, it includes a number of measures unrelated to the COVID pandemic and economic crisis , and it would abruptly cut off aid to unemployed workers at the end of August. The nonpartisan think tank noted that the bill contains “at least $312 billion of policies that have little to do with the current crisis.” “Among the unrelated provisions are a pension bailout; expansions of the Child Tax Credit (CTC), the Earned Income Tax Credit (EITC), and the child care tax credit; an increase in the minimum wage to $15 an hour; and Affordable Care Act (ACA) expansions,” the Committee wrote. The nonprofit wrote that since these policies are unrelated to addressing the coronavirus pandemic, they “should be subject to normal pay-as-you-go [PAYGO] rules, which means each policy should either be fully offset with new revenue or spending reductions to cover its cost.” House Democrats established a rule in January that eliminated… Read full this story
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