Report: Next stimulus package could include $4,000 vacation credit, second check
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ORLANDO, Fla. (FOX 35) — 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.
The president brought up the "Explore America" Tax Credit during a White House roundtable last month.
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."
"The credit would cover up to 50% of a household's total vacation expenses, up to a maximum of four grand," Forbes reported.
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."