To: The United States Senate
Close the entertainment tax loophole
Congress needs to eliminate entertainment expense as an income tax deduction for corporations. Often, CEOs use this to entertain themselves or their wives at fancy restaurants or county clubs. The IRS can't police this.
Why is this important?
A petition to stop businesses from deducting entertainment expense from their income tax, claiming it's a cost of business. Often, CEos and their wives use this perk to entertain themselves rather than customers. The IRS can't police this.
People should sign this because businesses are able to reduce their tax bill, and then the public has to pay more taxes to make up for the taxes businesses avoid.