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Coronavirus | White House offers new tax credit to help spur vaccinations

White House press secretary Jen Psaki.   | Photo Credit: AP As the vaccination program progresses, the administration believes it will only get more difficult to sustain the current pace of about 3 million shots per day. The White House is trying to overcome diminishing demand for COVID-19 shots by offering businesses a tax incentive to give employees paid leave to get vaccinated. The move comes as the United States is set to meet U.S. President Joe Biden s goal of administering 200 million coronavirus doses in his first 100 days in office. With more than 50% of adults at least partially vaccinated and roughly 28 million vaccine doses being delivered each week, demand has eclipsed supply as the constraining factor to vaccinations in much of the country.

White House offers businesses new tax credit to help spur vaccinations

White House offers businesses new tax credit to help spur vaccinations It would provide up to $511 per day, per employee for firms with fewer than 500 workers. By ZEKE MILLERAssociated Press Share WASHINGTON President Biden on Wednesday announced new employer tax credits and other steps to encourage people reluctant to be inoculated to get the COVID-19 vaccine as his administration tries to overcome diminishing demand for the shots. The moves came as Biden celebrated reaching his latest goal of administering 200 million coronavirus doses in his first 100 days in office. With more than 50 percent of adults at least partially vaccinated and roughly 28 million vaccine doses being delivered each week, demand has eclipsed supply as the constraining factor to vaccinations in much of the country.

A vaccine milestone: Biden pushes COVID shots for all

In a White House speech on Wednesday, Biden will discuss efforts to expand vaccine distribution and access in his first three months in office, and outline his administration s latest plans to motivate more Americans to get shots. Surveys have shown that vaccine hesitancy has declined since the rollout of the shots, but administration officials believe they have to make getting vaccinated easier and more appealing, particularly for younger Americans who are less at risk from the virus and do not feel the same urgency to get a shot. That means providing incentives and encouragement to get vaccinated, as well as reducing the friction surrounding the vaccination process.

White House offers new tax credit to help spur vaccinations

The U.S. is set to meet President Joe Biden’s latest vaccine goal of administering 200 million coronavirus shots in his first 100 days in office, as the White House steps up its efforts to inoculate the rest of the public.

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