Senators Fischer and King Champion Permanent Paid Family Leave Tax Credit
Senators Deb Fischer (R-NE) and Angus King (I-ME) have successfully championed the permanent establishment of the Paid Family and Medical Leave tax credit. This credit allows employers to claim up to 25% of the wages paid to workers on family or medical leave. Recent guidance from the U.S. Department of the Treasury further expands this benefit, permitting employers to claim the credit on paid leave insurance premiums. The initiative aims to alleviate the difficult choice many individuals face between earning a paycheck and caring for a loved one. Senator Fischer has also secured $1 million for the U.S. Small Business Administration to promote awareness of this tax credit among employers, ensuring that more businesses and employees can utilize its benefits. The bipartisan effort underscores a commitment to supporting both the workforce and businesses in managing family and medical leave needs. 
