The current trump administration is considering a travel credit of up to $4,000. The credit would work as follows:
- Credit is 50% of travel expenses up to $4,000 per household
- Credit applies to travel expenses when at least 50 miles away from home and applies to items such as airfare, hotels, rental cars, restaurant dining and events
- Credit would be available through the end of 2021
This idea was first brought up during a roundtable with restaurant executives sometime in May. We are hearing about it again as the U.S. Travel Association is lobbying both Congress and the Trump administration. Obviously most people would love to receive a 50% credit on travel, unfortunately at the end of the day it’s tax payers that will be funding this credit.
I personally think this is a terrible idea and that this money could be better spent elsewhere. If the government were going to do this, I would have preferred them doing it before giving travel companies billions in bailout money.
Hat tip to VFTW
