The nationwide paid leave proposal that House budget-writers plan to advance via Democrats’ major social-spending package is expected to cost $450 billion to $550 billion over 10 years, a committee aide told Bloomberg Law.
The House Ways & Means Committee’s proposal to create a paid family and medical leave program is unofficially estimated to cost about double the $225 billion figure listed for President Joe Biden’s paid leave proposal in the American Families Plan, the aide said.
That’s because the House proposal looks to make a full 12 weeks of benefits available annually to most U.S. workers, while Biden’s plan ...