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Business
White House is considering tax relief for airline, travel, and cruise industries hurt by coronavirus
March 6, 2020 at 9:53 p.m. GMT+4
The travel and tourism industries are facing their worst crisis since the 2001 terrorist attacks, prompting White House officials to consider deferring taxes for the cruise, travel and airline industries to stem the economic fallout of the coronavirus, according to two people briefed on the discussions.
The discussions are a sign that the White House is grappling with how to respond to an outbreak they have publicly downplayed. The talks remain fluid and are preliminary.
These tax deferrals for the travel industry are being considered while airlines are cutting back on routes and warning about falling ticket sales. Hotel chains are struggling with vacancies in Asia and watching for similar waves in the United States. Businesses travel is plummeting, and trade shows, music festivals and conventions are being canceled from San Francisco to Chicago to Miami. And families and college students are reconsidering spring break excursions and distant summer plans.
https://www.washingtonpost.com/busin...-adviser-says/
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