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House Paid Leave Plan Estimated to Double Cost of Biden Proposal

July 14, 2021, 9:13 PM

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 ...