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"Three-martini lunch" tax break should be repealed, lawmakers say

May 27, 2021
In The News

"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. By repealing the full business meal write-off, that $5 billion could be reallocated to child care, Bonamici suggested in introducing the bill on Friday.