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The daily business briefing: December 21, 2020

Brewers and restaurateurs are among the big beneficiaries of the coronavirus stimulus package Congress is set to vote on Monday. Lawmakers did not immediately release details of the agreement, reached after months of negotiations, but it reportedly permanently extends lower tax rates for beer, wine, and spirit makers who had been bracing for excise tax increases Jan. 1. The package also reportedly includes a business-meals tax break President Trump has pushed for 2021 and 2022. Some lawmakers and economists didn’t think it was a good idea to offer a “three-martini-lunch” during the pandemic because it encourages indoor dining. But restaurateurs, including Wolfgang Puck, convinced Trump that it would help struggling restaurants. Sen. Tim Scott (R-S.C.) called the measure a “no-brainer” that will “help save millions of restaurants.” [The Wall Street Journal]

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