Roughly half the ceiling at the National Restaurant Association's headquarters in Washington has been torn out to make way for a new sprinkler system. Though unintentional, it's a fitting symbol of President Clinton's proposal to install a 50% ceiling on the deductibility of business meals. Unfortunately, nobody at this 75-year-old trade association is in the mood for irony. "If the government keeps going the way it is, you won't have any fine- dining establishments in America," grumbles chief executive William Fisher, as he chows down a power lunch at nearby Mo Sussman's restaurant. "We are not a special interest. And I...
Cooking Up a Political Storm
The restaurant lobby is stirred up over entertainment deductions. Maybe too much so.
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