The COVID-19 relief proposal put forth by a group of 10 Senate Republicans would not return the U.S. economy to pre-pandemic levels, according to a study released Wednesday by the Brookings Institution.
The same study found that President Biden’s relief plan would boost growth to rates seen before the pandemic took hold.
Researchers at Brookings analyzed both the $618 billion GOP proposal and Biden’s $1.9 trillion pitch and found that the Republican plan would boost gross domestic product (GDP) by 1.6 percent in the last quarter of this year and 0.8 percent in the same three-month period of 2022, a significant boost over current estimates. Continue reading.