Biden Offers New Tax Credit to Help Drive Vaccinations
Health Care

Biden Offers New Tax Credit to Help Drive Vaccinations

Reuters/Kevin Lamarque

President Biden said Wednesday that by the end of the day, the U.S. will have achieved his stated goal of administering 200 million Covid-19 vaccine doses within the first 100 days of his administration. “Today, we did it, today we hit 200 million shots in the 92nd day in office,” Biden said at the White House.

Biden also highlighted new tax credits for businesses intended to defray the costs of getting employees vaccinated. The credits, which were part of the $1.9 trillion Covid relief bill signed into law in March, will be in effect between April 1 and September 30 and reimburse companies up to $500 per day per employee getting vaccinated.

“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,” Biden said. “Any time they need with pay to recover, if they're feeling under the weather after the shot. No working American should lose a single dollar from their paycheck because they chose to fulfill their patriotic duty of getting vaccinated.”