Speed Reads

the coronavirus crisis

Biden unveils tax credit for small businesses giving employees paid time off to get vaccinated

President Biden is urging all employers to give workers time off to get vaccinated against COVID-19, and his administration is rolling out a tax credit for small businesses that do so.

Biden on Wednesday again urged Americans to get their COVID-19 vaccine now that adults are eligible to receive one in every U.S. state. But he also addressed concerns from some Americans who say they can't afford to take time off from work to get vaccinated or recover from the vaccine's possible side effects.

"I'm calling on every employer, large and small, in every state, to give employees the time off they need with pay to get vaccinated, and any time they need, with pay, to recover if they're feeling under the weather after the shot," Biden said. "No working American should lose a single dollar from their paycheck because they chose to fulfill their patriotic duty of getting vaccinated."

To ensure small and medium-sized businesses can do so, Biden said businesses with fewer than 500 employees will be able to get reimbursed for the cost of giving workers paid leave to get vaccinated. These businesses will be eligible for refundable tax credits under the American Rescue Plan, according to the IRS. This credit "ensures that no small businesses or non-profits will lose a single dollar by providing such paid leave to workers receiving a vaccination," the White House said.

Biden on Wednesday also celebrated the fact that the administration has met his goal of administering 200 million COVID-19 vaccine doses in his first 100 days in office. He said during his remarks that the U.S. is still "on track" for looking "much closer" to normal by the Fourth of July, but that "we still have more to do in the months of May and June."