Forget stimulus checks – this proposal would pay you to eat at restaurants

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Andy Meek

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  • The next coronavirus stimulus package, once Congress gets around to finally passing it, could include a tax credit designed to get Americans traveling again.
  • Most people are avoiding planes and hotels right now over the fear of catching the coronavirus.
  • This new tax credit would reward Americans with up to $4,000 per household for spending on things like car rentals, hotels, and restaurants.

The coronavirus pandemic has forced the US to confront the worst economic crisis it's seen in generations, putting tens of millions of Americans out of work, wiping out demand for countless business around the country in almost every industry, and forcing the government to craft massive stimulus packages to keep the country afloat during this extraordinary period. As a testament to how truly unprecedented the times are, most Americans have already received a coronavirus stimulus check from the government totaling up to $1,200 for individuals and $2,400 (plus another $500 for each eligible child) for married couples.

Meanwhile, lawmakers have started the process of hashing out what additional stimulus measures might look like, with plenty of Americans having acknowledged that as beneficial as that first stimulus check was, things are bad enough that they already need another. One idea proposed is to target future stimulus money to the neediest Americans, while another idea that hasn't been talked about enough is a proposed tax credit that the travel industry would no doubt welcome with open arms.

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Forget stimulus checks – this proposal would pay you to eat at restaurants originally appeared on BGR.com on Wed, 17 Jun 2020 at 12:48:06 EDT. Please see our terms for use of feeds.

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