Business: Halving the Expense Account

A pseudo-Solomonic tax decision

"When a business executive can charge off a $55 luncheon on a tax return and a truck driver cannot deduct his $1.50 sandwich, then we need basic tax reform."

So declared Jimmy Carter in his election campaign, during which time he swore off demon rum and all other strong drink. Now, as President, he takes an occasional light Scotch, and he is about to serve up at least a miniprohibition on what he calls "the three-martini lunch." What Carter intends to recommend to Congress in mid-October, as part of his tax "reform" program, is bound to set up howls...

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