To encourage more widespread vaccinations, President Joe Biden highlighted a paid-leave tax credit for employers that provide full pay for employees who take time off to get and recover from a COVID-19 vaccination. The tax credit is available to organizations with fewer than 500 employees, covers up to $511 per day for each vaccinated employee.
The tax credit is funded through an existing program under the American Rescue Plan that provides tax credits to eligible employers that voluntarily provide paid leave for certain COVID-19-related reasons through Sept. 30.
Administration officials cited talks with businesses along with polling that showed employees would be highly persuaded to get vaccinated if their employers provided access to a shot, reported Axios.
According to recent Society for Human Resource Management (SHRM) research, 11 percent of employed Americans say they would consider getting the vaccine if their employer offered up to $150, and 21 percent would consider getting the vaccine if offered more than $150.
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