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Business Meal Deduction

June 1, 2021
In The News

Reps. Suzanne Bonamici (D-Ore.) and Peter Meijer (R-Mich.) introduced a bill that would repeal a tax break for business meals implemented by the Trump administration. The bill would redirect the money—which amounts to more than $5 billion over two years, according to the Joint Committee on Taxation—to the Child Care and Development Fund. The fund awards grants to state programs to help low-income families find childcare for work-related reasons.