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Three Martini Lunch Deduction Sparks Tax Debate
Liberals have long attacked the tax deduction for business meals once dubbed the three martini lunch. Sen. Edward Kennedy’s bid to halve it failed 87-12, as Dole and others warned the argument will return in future campaigns. Kennedy linked the deduction to luxury meals funded by taxpayers. The issue traces back to Kennedy and Carter eras, with McGovern and Carter also weighing in on whether such deductions unfairly favor the wealthy.
MENTIONED IN THIS ARTICLE
Washington
Edward M. Kennedy
Reagan
Kansas
Bob Dole
Senate Finance Committee
John F. Kennedy
Jimmy Carter
White House
Kennedy
Senate
Carter
Massachusetts
Congress
George McGovern
Russell B. Long
Dla
Edward Kennedy