Larry Kudlow today on GOP stimulus plan: “There will be increased business deductions for meals and entertainment”
Kudlow & Trump have pushed expanded entertainment and meals deductions that would allow companies to offset their tax burden
Kudlow touted them as encouraging fans to go back to baseball games — MLB is obviously struggling w/ Covid even w/o fans at games
washingtonpost.com/business/2020/…
Kudlow touted them as encouraging fans to go back to baseball games — MLB is obviously struggling w/ Covid even w/o fans at games
washingtonpost.com/business/2020/…
One lobbyist told me: “The idea that a small tax incentive is going to supersede the threat to people’s lives and livelihoods is a crazy and strange way to think about it.”
Trump has promoted the deduction by arguing it will encourage businesses to send their workers & executives back to restaurants and sporting events: "They'll send their executives, they'll send their people there, and they get a deduction"
Per White House transcript:
Per White House transcript:
Here's the plan for 100% deduction for restaurant meals for the rest of the year
