WASHINGTON – American Council of Life Insurers (ACLI) President and CEO Susan Neely made the following comments on the Paid Family and Medical Leave Tax Credit Extension and Enhancement Act that that will be introduced by Senators Deb Fischer (R-NE) and Angus King (I-ME):

“The proposal by Senators Fischer and King will be a great help to millions of working parents. The tax credit offers a means for large and small employers to provide their workers with an insurance benefit to cover their paid family and medical leave when needed. It also makes it easier for employers to qualify for the credit which will help expand access to more people.  No one should have to choose between a paycheck and caring for themselves or a loved one. Thanks to this proposal, fewer people will have to make that choice. We applaud Senators Fischer and King for advancing this important legislation.”

Read the press release on the proposal here.

The American Council of Life Insurers (ACLI) is the leading trade association driving public policy and advocacy on behalf of the life insurance industry. 90 million American families rely on the life insurance industry for financial protection and retirement security. ACLI’s member companies are dedicated to protecting consumers’ financial wellbeing through life insurance, annuities, retirement plans, long-term care insurance, disability income insurance, reinsurance, and dental, vision and other supplemental benefits. ACLI’s 275 member companies represent 93 percent of industry assets in the United States.

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