In addition to providing for stimulus payments of $1,400 per person for those under certain income thresholds, the American Rescue Plan could affect employers and employees in several ways.
On January 14, 2021, President-elect Biden announced the "American Rescue Plan," which is the new administration's first emergency coronavirus and stimulus proposal. If passed, the plan will greatly expand the availability of paid leave and unemployment benefits to U.S. workers. Indeed, the new administration maintains that the plan could provide emergency paid leave to an additional 106 million Americans. To do so, the plan will impose significant new burdens on employers by, for example, closing certain loopholes that previously exempted large segments of employers from federal paid leave requirements.
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