Biden Urges Businesses to Give Employees Paid Time Off to Get Vaccinated
Published Date: 4/21/2021
Source: Bloomberg Quicktake: Now
As his administration marks 200 million coronavirus doses in his first 100 days in office, President Joe Biden says there's a "new phase" in the federal vaccination effort, and it's relying on increased outreach to Americans to get their shots, both to protect them and their communities. Biden said in a White House speech that "vaccines can save your own life, but they can also save your grandmother's life, your co-worker's life, the grocery store clerk or the delivery person helping you and your neighbors get through the crisis. That's why you should get vaccinated." The White House is trying to overcome diminishing demand for the shots by offering businesses a tax incentive to give employees paid leave to get vaccinated. Biden announced a tax credit for small businesses to 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. The White House is urging larger employers, which have more resources, to provide the same benefits to their workers, and educate them about the shots and encourage them to get vaccinated. "We're calling on every employer, large and small, in every state, give employees the time off they need with pay to get vaccinated," Biden said. According to the White House, just 43% of working adults have received at least one shot. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake