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Kamala Harris will announce a new policy proposal Wednesday for a $50,000 tax credit for small businesses looking to get off the ground. At the center of her new plan is the small business tax ...
WASHINGTON — Vice President Kamala Harris will propose a tax break for startups on Wednesday intended to help entrepreneurs offset the costs of starting a small business. Harris will push to ...
Harris unveiled Wednesday a proposal to massively increase the existing small business tax deduction for startup costs and cut the red tape that impedes small businesses’ formation and growth.
Harris’ small business plan follows her announcing last month proposed steps to fight inflation by working to lower grocery prices, and to use tax cuts and other incentives to encourage homeownership. The vice president has also proposed ending federal taxes on tips to service industry workers, an idea Trump proposed first.
Vice President Harris is set to propose expanding tax relief for Americans starting a small business as part of her economic plan, a Harris campaign official told The Hill. The proposal would ...
Small Business Tax Deduction. ... In fact, in one of her newest proposals, Harris said she would increase the small businesses’ $5,000 allowable deduction for startup expenses to $50,000 ...
Harris's proposals include incentives for local governments to reduce their own red tape, creating a standard deduction for small businesses to ease the time spent on taxes, and chipping away at ...
SMALL BUSINESS TAX CREDIT. Harris also has deviated from Biden's economic plan by proposing a new tax deduction of up to $50,000 for new small business start-up costs, a policy aimed at supporting ...