Proposed $4,000 tax credit for travel

[ExGingi]

If I didn't have antibodies this would be a good discrimination case to take up. Those immune will have an easier time psychologically spending this than those worried about getting infected.

Try as they may. This isn't generating growth or inflation. We are in a serious deflationary situation, and a big portion of the money is simply used to improve personal balance sheets, rather than being spent.

Maybe it's time to bring back Helicopter Ben and actually try his recipe.

And those antibodies aren't helping me spend even when I want to, as the Israelis won't recognize them to avoid or shorten quarantine.

[etech0]

Isn't your location 770?

[bubkiz]

Insanity.

Watch the Dems make this refundable.

[Mootkim]

Can't wait for all the @Dan  travel deals for the next year to read as "$50 one way New York to Florida. Or just $25 with the stimulus tax credit".

[Joel]

Can't wait for all the @Dan  travel deals for the next year to read as "$50 one way New York to Florida. Or just $25 with the stimulus tax credit".

Or free!

There's a new version, the TRIP Act (Tax Rebate and Incentive Program) floating around. Again, it's nowhere near becoming law as it will probably need to be packaged into a larger bill, and then passed in both the House and Senate before it goes to the President for a signature. It's in a more advanced stage than the Explore America Tax Credit previously mentioned because that hasn't been introduced as a bill yet, while this one has.

The changes to it are that it's 4k per adult (8k per couple) plus an additional $500 per dependant child. It's a 100% credit instead of only covering 50%, and there's no $50 minimum for eligible expenses.The minimum distance of 50 miles from residency stands, but this one also allows for a standard mileage deduction on top of gas expenses.

[ExGingi]

British version

https://twitter.com/QuickTake/status/1280912641267990531