Trump Pushes Tax Deductions for Entertainment, Meal Expenses

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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