Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

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 ...