WASHINGTON ― My employer gives everyone in my office a free lunch every day, and Republicans in Congress want to put a stop to it. It’s one of several tiny tax breaks Republicans would eliminate in an apparently desperate effort to offset the many trillions of dollars the corporate and individual tax cuts at the heart of their plan will cost. Both the House and Senate bills eliminate the tax breaks for commuting and parking, saving more than $10 billion. Write-offs targeted by just the House bill include tax breaks for employee achievement awards, day care assistance programs and employee moving expenses. Will Tysse, a tax expert with the McGuireWoods law firm, said he didn’t think Republicans had much of an ideological reason for targeting employer tax deductions.

Source: Huffington Post November 22, 2017 20:31 UTC