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We'll have to wait and see. If it winds up being too much government spending to avoid inflation, then taxes would have to be raised to cut down the inflation. I don't think this would be such a bad thing, since the income redistribution would be a benefit anyway.

My guess is that it wouldn't cause much inflation, since much of the demand destruction we've seen will be permanent.

US consumer debt is exceptionally high [1]. This was true long before the pandemic. There is plenty of demand for money on the books and the underclass has a long way to catch up even after that.

1. https://www.thebalance.com/consumer-debt-statistics-causes-a...

If inflationary pressures get to high, the Fed will raise the Fed Funds rate, affecting the market interest rates, incentivizing saving, decreasing inflationary pressures.