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Paid parental leave gaining momentum

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John Wilcox

by on
in Centerpiece,Employment Law,Human Resources

Earlier this month, President Trump used part of his State of the Union address to renew a call for paid parental leave, the latest sign that the benefit—long considered a pipedream—could become a reality in America.

Trump noted that more women are now in the workforce than at any other time in U.S. history. Many are of child-bearing age and would probably welcome some form of paid parental leave when they add to their families.

The Tax Cuts and Jobs Act signed into law in 2017 included incentives for businesses to voluntarily provide some paid parental leave. The law’s Paid Family Leave Tax Credit lets businesses take a tax credit of up to 25% of wages paid to employees during parental leave following the birth of a child. Employers that voluntarily offer qualifying employees up to 12 weeks of paid family and medical leave annually under a written policy may claim a tax credit for a portion of the wages paid during ...(register to read more)

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