Biden to grant tax breaks to companies providing vaccination leave

The President wants to attract business to expand the vaccination campaign.

President Joe Biden on Wednesday will announce tax breaks for businesses that provide some employees with paid leave to vaccinate against COVID-19, administration sources say.

According to the administration, the government plans to reimburse businesses for the cost of providing employees with up to 80 hours of paid leave to undergo vaccination or recover from side effects from it.

Tax deductions of up to $ 511 per day per employee will be available to businesses with fewer than 500 employees through September. Businesses of this size employ about half of the country’s private-sector workers. The tax breaks are provided by the Pandemic Economic Assistance Act, which was recently passed by Congress and signed into law by Biden.

The president plans to go on television, calling on businesses to help convince people to get vaccinated.

Now, the administration’s main challenge in dealing with the pandemic is not to provide enough doses of the vaccine but to convince enough people to get vaccinated.

Biden will also announce on Wednesday that the administration has reached its goal of getting 200 million coronavirus vaccinations in his first 100 days in office, officials said. This period ends next week.

According to the Centers for Disease Control and Prevention, most American adults can now access the vaccine. More than half of the adult population has already received at least one dose of the vaccine. One-third of adults and 26 percent of the total population are fully vaccinated.

The pandemic still claims hundreds of lives a day, but many Americans take their time to get vaccinated. In many countries where vaccination is less successful than in the United States, there is a sharp increase in the disease incidence.

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Author: Ivan Maltsev
The study of political and social problems of different countries of the world. Analysis of large companies on the world market. Observing world leaders in the political arena.
Function: Chief-Editor
Ivan Maltsev

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