President Biden Calls For Tax Credit to Enable Many Employees to Receive Paid Leave to Allow Workers to Get Vaccine
Earlier today, President Joe Biden announced the launch of a tax credit for small employers to provide paid leave to workers so they can get the coronavirus vaccine and take time off to recover from any side effects.
Many readers are likely now wondering how this would be funded. The proposal would be paid via the $1.9 trillion relief package recently passed through Congress by providing a tax credit of up to $511/day for each employee. Under President Biden’s plan, employers with fewer than 500 workers would qualify for this tax credit. For larger employers, President Biden is calling on them to provide the same benefits to their workers...without the tax credit incentive. (The logic follows that these larger employers would be more able to shoulder the burden compared to smaller employers.)
With approximately 43% of working adults in the U.S. having received at least one vaccine shot so far, this appears to be an effort to goose those numbers and increase the number of fully vaccinated adults.
For more information: https://www.usatoday.com/story/news/politics/2021/04/21/biden-announce-meeting-goal-200-million-covid-19-shots/7317454002/
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