Congress Considers Raising Deduction for Business Meals

Congressman Neil Abercrombie (D-HI) has reintroduced a bill to restore the 80 percent deduction for business meals and entertainment expenses. Currently, just 50 percent of the value of these expenses is tax deductible.

If signed into law, supporters believe the legislation would encourage corporations and their employees to spend more on meals and entertainment while traveling for business. This, in turn, would help local businesses and economies.

"We are grateful to Represen

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