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New: Trump keeps pushing new tax deductions to encourage Americans to go back to sports, restaurants, travel & entertainment

Industry lobbyists are privately telling the White House that won’t matter unless more is done to contain the virus…
Last Monday, Larry Kudlow talked up tax breaks for baseball fans

The next day, Minor League Baseball announced the season had been canceled due to corona

Then the NHL announced all playoff games would be played in Canadian cities as it’s safer than US…
S Korea: Quashed virus, had baseball 4 months & bringing fans back soon

New Zealand: Quashed virus, held packed sporting events

Germany, England, Italy etc - restarted soccer w/o fans

“The reason we dont have sports back in the US rn is the virus is out of control in the US"
Trump & White House officials have talked up/endorsed tax breaks for:

-- Restaurants (Operating at way reduced capacity)
-- Sports games (Barred to fans)
-- Entertainment (Theaters are closed)
-- Vacation - $4K credit per person (Unclear if ppl feel safe traveling)
A sense of scale here ...

1 possible version of Trump's proposed tax deduction would cost ~$2 billion/year

Restaurant industry losses by end of 2020: $240 billion

Sports revenue lost: $12 billion

Entertainment industry: $20 billion…
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