Harris Proposes Small Business Tax Incentives

Vice President Kamala Harris is set to announce a significant expansion of tax incentives for small businesses during her campaign stop in New Hampshire, proposing an increase from $5,000 to $50,000 for startup expenses. This initiative aims to foster economic growth and spur 25 million new small business applications over the next four years, while also appealing to independent voters in the key battleground state. New Hampshire, which has consistently leaned Democratic in presidential elections, presents a strategic opportunity for Harris as she navigates a competitive race against Donald Trump. While Harris has focused primarily on 'blue wall' states, this visit marks her first to New Hampshire in years, following a series of campaign events in states like Michigan and Pennsylvania. Trump's campaign continues to challenge her economic policies, particularly criticizing 'Bidenomics' amidst rising energy prices and inflation. Harris's proposal is part of a broader strategy aimed at reducing costs and increasing access to affordable housing and healthcare.