Report: Next Stimulus Package Could Include $4,000 Vacation Credit, Second Check

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Bloomberg photo by Jeenah Moon.

As the tourism industry suffers amid the coronavirus pandemic, President Donald Trump has proposed an idea to give Americans a tax credit to be used toward a vacation to help boost the economy.

According to Forbes, the proposal could give up to $4,000 to Americans for vacation expenses in the U.S. “at hotels, theme parks, restaurants, and other tourism-related businesses through the end of 2021.”

During the roundtable, Trump described the plan as a “tax credit that Americans can use for domestic travel, including visits to restaurants. That’s a big deal.”

According to the U.S. Travel Association, a $400 billion decline in travel spending in the United States this year will translate into a total economic loss of $910 billion in economic output.

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{Matzav.com}

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