SaysWho? Posted September 3 Share Posted September 3 Harris to Expand Small Business Tax Relief to Boost Startups Quote The proposal, outlined by a Harris campaign official on condition of anonymity, would increase the deduction from $5,000 to $50,000. According to the official, that figure will help meet what the campaign says is an average $40,000 cost for starting a small business. The move is the latest salvo in an escalating tax policy duel between Harris and Trump, the Republican nominee, with high stakes for the American economy. The next president will be primed to overhaul tax policy as Washington prepares to rewrite the code next year. A series of tax cuts are slated to expire in 2025 and the two candidates are pitching competing budget-busting proposals such as expanded child tax credits and exemptions for tipped wages from federal taxes that could shift tax burdens for the public and come with a hefty cost. Quote Harris will unveil her tax proposals for small businesses in a speech Wednesday in New Hampshire. She will set a goal of 25 million new small business applications in the first term of a potential Harris administration – up from a record 19 million so far under Biden, according to the official. 2 Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted September 3 Share Posted September 3 Incoming Trump saying "but we're the party of small business, she is playing unfair." Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.