Vice President Kamala Harris Calls for HUGE Tax Deduction - $50,000 - for New Small Businesses.

Vice President Harris wants to expand the small business tax credit tenfold — from $5,000 to $50,000 — to help startups cover the average $40,000 it costs to launch an enterprise. She's also setting a goal of receiving 25 million new small business applications in her first term, up from the record 19 million that were filed under the Biden-Harris administration.

"As President, one of my highest priorities will be to strengthen America's small businesses," Harris said at a campaign stop at Throwback Brewery outside of Portsmouth, New Hampshire, Wednesday. "So, first we're gonna help more small businesses and innovators get off the ground."

https://www.cbsnews.com/news/kamala-harris-proposes-50000-tax-break-for-small-businesses/