Child Care
"The full 'three martini lunch deduction' is not the most effective use of taxpayer dollars, and it's time we repurpose these funds," said Representative Peter Meijer, a Republican from Michigan who co-sponsored the bill with Representative Suzanne Bonamici, a Democrat from Oregon, in a statement. The full business meal deduction will result in $5 billion in foregone tax revenue in 2022 and 2023, according to the Joint Committee on Taxation.
At the same time in Congress, Oregon Democrats Sen. Ron Wyden and Reps. Suzanne Bonamici and Earl Blumenauer are touting plans to make huge investments in ramping up support for child care nationwide. The congressional members said at a press conference Friday outside a Portland child care center that they're working with the Biden Administration to expand the supply of child care while also increasing the earnings of the historically low-paid provider workforce.