‘Cut the Red Tape’: Kamala Harris Proposes $50,000 Tax Deduction for Small Businesses

TRANSCRIPT:

HARRIS: “My vision of an opportunity economy is one where everyone can compete and have a real chance to succeed. So, I want to see 25 million new small business applications by the end of my first term. Part of my plan is we will expand the tax deduction for start-ups to $50,000. Cut the red tape that can make starting and growing a small business more difficult than it needs to be. Let us be clear: billionaires and big corporations must pay their fair share in taxes.”