Some cynics would say this: “Rep. Lloyd Doggett (D-Texas), a senior member of the House Ways and Means Committee, said in a statement Monday that a provision to expand deductions for meals and entertainment would be “the latest example of a tax provision tailor-made to benefit the Trump family finding its way into major tax legislation.”” And they could be accurate.
Reality, IMO, says this “Kyle Pomerleau, a resident fellow at the right-leaning American Enterprise Institute, wrote in a blog post earlier this month that expanding deductions for meals and entertainment would be “poorly targeted in the context of COVID-19,” because many Americans are uncomfortable eating in restaurants due to the virus.
“Ultimately, the most effective way to help the restaurant and entertainment industries is to get the virus under control,” he wrote.”
Tax deductions for those who don’t need it. Sounds like 2017 all over again. I miss the good old days.