WASHINGTON — The House Ways and Means Committee, continuing at a snail's pace to write a comprehensive tax revision bill, agreed Monday to limit personal and corporate tax deductions for business entertainment and meals but made no decision on what restrictions to impose.
The committee rejected a proposal by Rep. Bill Frenzel (R-Minn.) to maintain current law, which allows nearly all business expenses for restaurant meals, sports events and conventions to be deducted as legitimate costs.
The tax-writing panel, beginning its second week of private meetings to produce its own version of President Reagan's tax overhaul plan, also agreed to continue public financing of presidential political campaigns.
On a primarily party-line vote, the committee rejected a White House plan to eliminate the $1-per-taxpayer income tax checkoff. All 13 Republicans on the panel, joined by Democratic Reps. Cecil L. Heftel of Hawaii and Beryl Anthony Jr. of Arkansas, voted to repeal the checkoff system, but 19 Democrats voted against it.
