Reported about 1 month ago
Kamala Harris is set to announce a new proposal for a $50,000 tax credit aimed at supporting small businesses, significantly increasing the current tax deduction for startup costs from $5,000 to $50,000. This initiative is part of her broader goal to encourage 25 million new small business applications over the next four years while simplifying the registration process. The announcement comes as Harris positions herself against Donald Trump, appealing to voters concerned about small business growth amid rising economic challenges.
Source: YAHOO