President Donald Trump proposed last month that Americans should receive a vacation tax credit of up to $4,000 for domestic travel as a way to provide economic stimulus amid the ongoing coronavirus pandemic. Trump suggested the government could reimburse vacationers for spending at U.S. hotels, theme parks, restaurants and more through the end of 2021, Forbes reported.
So how much could you stand to benefit if such a tax credit were enacted?
Trump’s remarks came during a roundtable discussion with restaurant industry leaders in May. “…Create