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Biden Offers Tax Credit to Encourage Vaccinations

Newsroom El Comercio de Colorado

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President Joe Biden announced a tax credit for small businesses to encourage workers to get the COVID-19 vaccine. This small business tax credit will provide paid leave for those getting vaccinated or potentially needing to take time off to recover from side effects. Paid for through the $1.9 trillion virus relief package passed last month, the tax change would provide a credit of up to $511 per day, per employee for businesses with fewer than 500 workers to ensure that those workers or businesses don’t suffer a penalty by getting vaccinated.

“Every employee should get paid leave to get a shot, and businesses should know that they can provide it without a hit to their bottom line,” Biden said in a speech at the White House. “There’s no excuse for not getting it done.” The Biden administration is also calling on employers to use their resources to encourage vaccinations by sharing accurate information and providing possible incentives, such as product giveaways and discounts for vaccinated people. The moves came as Biden celebrated reaching 200 million coronavirus doses in his first 100 days.