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Trump Pushes Tax Deductions for Entertainment, Meal Expenses

April 1, 2020, 5:02 PM

President Trump says Congress should pass legislation that will allow businesses to deduct expenses on meals and entertainment on their taxes to help the restaurant industry during the coronavirus pandemic.

  • “This will bring restaurants, and everything related, back - and stronger than ever,” Trump says
  • NOTE: The Republican tax law of 2017 limited the deductions on business entertainment and allows a 50% deduction for meals

--With assistance from Laura Davison.

To contact the reporter on this story:
Vivek Shankar in Washington at vshankar3@bloomberg.net

To contact the editors responsible for this story:
Kasia Klimasinska at kklimasinska@bloomberg.net

Vivek Shankar

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