The Who Cares Act
No free lunch? There is now. The "Three Martini Lunch" provision of the new Cares Act lets businessmen write the entire cost of a lunch off their taxes. Families who might be able to stretch their $600 to include beans and corn bread might be a little dismayed at the thought of some fat cats enjoying caviar, lobster, and sauteed truffles at taxpayer expense, any time they choose.
Is this a big deal? Not when you look at what else is in the "Pandemic Relief" law... $170 Billion in tax cuts and $135 Billion in tax loopholes to the top 1% (equal to more than $920 for every man, woman and child in the US), more to big corporations and real estate bigwigs (the Trump clan) -- the corporate lobbyists' wish list that "Conservatives" held the Stimulus Bill hostage to, for long months -- help for companies mostly unaffected by the pandemic.
No comments:
Post a Comment