More Americans could get paid family leave under Trump’s latest move
- The Trump administration is expanding a federal tax credit designed to encourage more employers to offer paid family leave, making it easier for businesses to qualify for the incentive by covering the cost of insurance policies.
- The Treasury Department is expected to announce new guidance Wednesday allowing employers to claim the paid family leave tax credit even if they provide the benefit through insurance, rather than paying employees' wages directly while they are on leave.
- Treasury Secretary Scott Bessent is set to unveil the policy alongside House Speaker Mike Johnson and Republican Rep.
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- The Trump administration is expanding a federal tax credit designed to encourage more employers to offer paid family leave, making it easier for businesses to qualify for the incentive by covering the cost of insurance policies.
- The Treasury Department is expected to announce new guidance Wednesday allowing employers to claim the paid family leave tax credit even if they provide the benefit through insurance, rather than paying employees' wages directly while they are on leave.
- Treasury Secretary Scott Bessent is set to unveil the policy alongside House Speaker Mike Johnson and Republican Rep.
Sources: The Independent