COVID-19 stimulus draft has Trump business lunch tax break: WaPo - Business Insider

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The COVID-19 stimulus deal includes a tax break for business lunches pushed by Trump, in exchange for measures that help the poor, report says

Officials familiar with the negotiations told the paper that the measure is in a draft of the proposal.

According to the Post, Republicans accepted tax relief for poorer Americans in a trade to secure the measure.The draft version of the COVID-19 stimulus package has a tax break for corporate hospitality lobbied for personally by President Donald Trump,The measure would allow businesses to deduct the full cost of a business meal from their federal taxes, as opposed to the current 50%, the paper reported.

— as well as statements from House Speaker Nancy Pelosi, Senate Minority Leader Chuck Schumer, and Senate Majority Leader Mitch McConnell on Monday — make no direct mention of it.

 

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