BUSINESS MEALS AND ENTERTAINMENT DEDUCTION TO INCREASE? Rep. Neil Abercrombie (D-HI) introduced a bill that would increase the deductible portion of business meal and entertainment expenses, currently set at 50 percent. The proposed legislation would up that percentage to 75 percent for 2009 and 80 percent thereafter. Not a bad idea! We think this would definitely help the beleaguered restaurant biz. According to National Restaurant Association research, raising the deduction to 80 percent would boost business meal sales by $6 billion and create an $18 billion increase to the overall economy.

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