Reuters
Published Jul 29, 2021 03:35PM ET
Updated Jul 29, 2021 05:40PM ET
WASHINGTON (Reuters) -President Joe Biden is calling for state, local and U.S. territorial governments to provide $100 payments for every newly vaccinated American to boost COVID-19 inoculation rates, the U.S. Treasury Department said on Thursday.
The Treasury said in a statement that such incentives are an allowable use of funds from the $350 billion in aid granted to state, local, territorial and tribal governments under the American Rescue Plan Act. The department added that it would provide technical assistance in using these funds to support increased vaccinations.
The Treasury also said it was expanding a tax credit that employers could claim for wages paid to employees to give them paid time off to get vaccinated or to assist family members and certain other individuals with COVID-19 vaccinations.
"Today, the President is calling on state, territorial, and local governments to provide $100 payments for every newly vaccinated American, as an extra incentive to boost vaccination rates, protect communities, and save lives," Treasury said in a statement.
Earlier on Thursday, New York City Mayor Bill de Blasio announced that anyone getting their first COVID-19 vaccine shot at a city-run site would receive a $100 payment.
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.