Election Day A Holiday?

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According to this article, lawmakers in California have introduced a bill into the State Assembly aimed at increasing voter turnout by making Election Day a paid holiday.

Questions:
1. What would be the costs of this bill? Also provide any accounting journal entries that might be required.
2. What would be the benefits of this bill?
3. What do you see as the main arguments either for or against this bill?

Source:

Walsh, J. (2017). Election Day A Holiday? California Bill Looks To Give Workers Paid Vacation To Vote. Feb. 18 (Retrievable online at http://www.ibtimes.com/election-day-holiday-california-bill-looks-give-workers-paid-vacation-vote-2494022)