Graphs showing how various companies changed or plan to change TE policies after business-meal tax deductions.
Last year's reduction in the business-meal tax deduction -- from 80% to 50% -- should affect the spending of small and midsize companies. Among some 300 companies surveyed, most have changed or plan to change their travel-and-entertainment policies.
Small companies (1Ñ100 employees)
Midsize companies (101Ñ1,500 employees)
Have taken or anticipate taking some action that could reduce restaurant spending
Anticipate spending less at fine dining establishments
Anticipate spending less at fast-food restaurants
Anticipate spending less at family-style restaurants
Anticipate spending more at moderately priced restaurants
Source: "Business Meal Deductibility Study," American Express, New York City, February 1995.