Read on Twitter
Horses that reportedly got traded today: Repubs demanded tax break for corporate meal expenses ("three martini lunches"). Dems agreed, in exchange for expanded tax credits for low income families & working poor
Pretty much sums up the parties' priorities https://www.washingtonpost.com/us-policy/2020/12/20/meal-tax-deduction/
Pretty much sums up the parties' priorities https://www.washingtonpost.com/us-policy/2020/12/20/meal-tax-deduction/
At a moment when 27.4 million adults — about 13% — report that they sometimes or often didn’t have enough to eat in the last seven days, Republicans demand that the government now subsidize rich people's meals.
https://www.census.gov/data-tools/demo/hhp/#/?measures=FIR
https://www.census.gov/data-tools/demo/hhp/#/?measures=FIR
And needless to say, insufficient tax deductibility of business meals hardly seems to be the reason execs aren't going to steakhouses right now. it's covid
But then, perhaps tax cuts cure covid? That seemed to be the logic in the spring anyway. https://www.washingtonpost.com/opinions/the-white-houses-coronavirus-cure-is-even-more-magical-than-we-could-have-imagined/2020/05/07/bde463f4-9097-11ea-a0bc-4e9ad4866d21_story.html
"If you feed the horse enough oats, some will pass through to the road for the sparrows," per Galbraith.
If the goal is to help restaurants and their employees -- then pay restaurants & their employees directly. Rather than subsidizing inframarginal purchases at a few steakhouses
If the goal is to help restaurants and their employees -- then pay restaurants & their employees directly. Rather than subsidizing inframarginal purchases at a few steakhouses
