Analysis

Grassley Woos Trump On Tax Bill With Biz Meal Expense Plan

Law360 (December 7, 2020, 5:06 PM EST) -- Senate Finance Committee Chairman Charles Grassley, R-Iowa, says a plan to temporarily allow 100% business meal deductions would help attract support for a year-end tax package from a key ally of the hospitality industry: President Donald Trump.

Sen. Charles Grassley, the Finance Committee chairman, contends the business meal expense deduction would help secure President Trump's signature on a year-end tax package. (AP Photo/Andrew Harnik) Grassley has an eye toward cultivating support from Trump as he engages in bicameral negotiations on one final tax deal before he hits a GOP conference term limit as the tax-writing panel's top Republican at the end of the session....

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