Vice President Kamala Harris on Sept. 4 unveiled a new proposal for small business tax breaks as the Democratic candidate looks to flesh out her economic platform ahead of a debate with former President Donald Trump next week.
The plan, released during a campaign speech on Sept. 4 in Portsmouth, New Hampshire, includes an increase in the tax deduction for startup costs to $50,000 from $5,000. The campaign aims to attract 25 million new small business applications in a potential first term—an increase from the 19 million under the Biden administration as of mid-August of this year.
