Showing posts with label small business. Show all posts
Showing posts with label small business. Show all posts

Wednesday, September 4, 2024

Harris to roll out new plan on tax relief for small businesses

By Ashley Murray


WASHINGTON — Vice President Kamala Harris is expected to announce economic policy proposals aimed at helping small businesses during a campaign speech Wednesday in New Hampshire.

The Democratic presidential candidate will stump in Portsmouth for expanding the tax deduction to $50,000 on business start-up costs, up from $5,000, a campaign official said on background Tuesday. Harris will also propose a standard deduction for businesses as a way to simplify tax filing for entrepreneurs.