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A new GOP bill would give each taxpayer $4,000 to take a vacation anywhere in the US through the end of 2021
A new Republican bill would give each American a $4,000 to take a vacation anywhere in the US through the end of next year. Sen. Martha McSally unveiled the proposal on Monday, called the American Tax Rebate and Incentive Program Act, or the American TRIP Act. It would give each person a tax credit, meaning they would have to apply to write off up to $4,000 in travel-related expenses in tax forms. That threshold would be doubled to $8,000 for couples and add $500 per child for all travel within the US to cover food, drinks, lodging, live entertainment as well as transportation like airfare or car rentals. It would ... (full story)
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