A bill to amend the Internal Revenue Code of 1954 to reduce the deduction for business meals and to earmark the savings from such reduction for the school lunch programs.

Amends the Internal Revenue Code to reduce the income tax deduction for business meals by 30 percent.

Establishes a "National School Lunch Trust Fund" in the Treasury. Funds the Trust with the amount saved by reducing the business meal deduction.

Finances programs established under the National School Lunch Act and the Child Nutrition Act of 1966 with funds appropriated from the National School Lunch Trust Fund.