NEW HAMPSHIRE (WGME) — Vice President Kamala Harris unveiled a big plan to help small businesses Wednesday in New Hampshire.
Most of what Harris focused on in New Hampshire was how she would reach her goal of having 25 million new small business applications by the end of her first term.
The Democratic presidential hopeful says to do that, her administration would lower the cost of starting a small business. That means expanding the current tax deduction from $5,000 currently to $50,000.
She says this is essentially a tax cut. She also wants to provide low- and no-interest loans to those who want to expand. Harris also talked about cutting the red tape by making it simpler and easier for small businesses to file their taxes.
“I believe that small businesses are an essential foundation to the entire economy, employing half of American workers,” Harris said.
She also talked about making these investments across the U.S. including more rural communities.
In talking directly to workers, she said that everybody should be able to join unions. She also wants to make the tax code fairer and says billionaires in big corporations must pay their fair share in taxes.
There are just 62 days to go until the election. She says despite what polling shows, it’ll be tight until the end.
The Trump campaign responded to Harris’ visit, blasting her record on the economy and quoting several small businesses in New Hampshire which the Trump campaign claims have been hurt by Biden-Harris policies.
“If Kamala wanted to help small businesses, why hasn’t she done it during her four years as Vice President? Why has Kamala proudly supported Bidenomics, which has caused historic inflation and record-high energy costs for small businesses, minimizing their profit margins and threatening their livelihood?” the campaign said.
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Publish date : 2024-09-05 11:29:00
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