H.R. 8860 aims to modify the Internal Revenue Code of 1986 to improve the tax credit for employers offering paid family and medical leave. The bill allows employers to choose between receiving a credit based on wages paid to employees on leave or on insurance premiums if they...
Simple Explanation
H.R. 8860 wants to help companies that give their workers paid time off for family or medical reasons by offering them a choice on how to get a tax benefit; they can either get a reward for the money they pay their workers on leave or for the insurance they have for paying for leave.