Benzinga
  • 3 months ago
Vice President Kamala Harris will unveil a new proposal to increase the tax deduction for small business startup expenses from $5,000 to $50,000. The plan will allow new businesses to spread out or delay the deduction until they become profitable. Harris also plans to set a goal of 25 million new small business applications if elected president. This announcement comes ahead of her Sept. 10 debate with Donald Trump, who has positioned himself as a pro-business candidate, criticizing Harris’ economic record.

Category

🗞
News
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Vice President Kamala Harris will unveil a new proposal to increase the tax deduction
00:07for small business startup expenses from $5,000 to $50,000.
00:12The plan will allow new businesses to spread out or delay the deduction until they become
00:16profitable.
00:17Harris also plans to set a goal of 25 million new small business applications if elected
00:22president.
00:23This announcement comes ahead of her September 10th debate with Donald Trump, who has positioned
00:28himself as a pro-business candidate criticizing Harris' economic record.
00:31For all things money, visit Benzinga.com.

Recommended

0:40
I
Up next
VP Kamala Harris to Push Economic Platform Rooted in Capitalism and Pragmatism in Speech to Economic Club of Pittsburgh
Benzinga
0:28
Harris Set to Unveil Economic Policies Focusing on Wealth-Building Amid Tight Presidential Race
Benzinga
0:38
Kamala Harris Proposes 28% Corporate Tax to Fund Key Initiatives, Partially Rolling Back Trump-Era Tax Cuts
Benzinga
0:35
Harris Proposes 28% Capital Gains Tax for Millionaire Households, A Sharp Reduction from Biden's Proposed 39% Rate
Benzinga
0:31
Harris Proposes $50,000 Tax Break for Startups
Cheddar News
0:41
Kamala Harris Reportedly Set To Unveil New Economic Policies In Pittsburgh This Week: Its About Showing Voters They Have A Path To 'Building Wealth'
Benzinga
3:26
Harris is Making a 'Capitalist' Pitch to Boost the Economy
TIME
0:32
Over 400 Economists Endorse Harris Over Trump, Cite 'Prosperity, Opportunity, and Stability'
Benzinga
0:52
Kevin O'Leary Warns Of Economic Impact From Kamala Harris' Tax Plans
Benzinga
0:34
VP Kamala Harris Focuses on Economic Proposals to Win Young Black Male Voters Amid Trump Surge
Benzinga
0:36
Trump, Harris Push Competing Economic Visions in Key Battleground States. Harris Touts Her Agenda as a 'Capitalist' with a Pragmatic Approach
Benzinga
0:43
Kamala Harris's New Ad Campaign 'Focused' Takes A Dig At Trump's Economic Policies
Benzinga
0:42
Vice President Harris Set to Propose First-Ever Federal Ban on 'Corporate Price-Gouging.' Here's What to Expect from Her Economic Plan
Benzinga
2:24
Harris pushes for second debate as she sets to release new economic proposals this week
The Manila Times
0:40
Trump and Harris Unveil Diverging Tax Plans, But Which Plan Can Address the Nation's Fiscal Challenges?
Benzinga
0:38
Billionaire Investor Mark Cuban Says Kamala Harris Won't Tax Unrealized Gains. 'It's Not Going to Happen.'
Benzinga
0:34
Top Execs from Yelp, Snap, and Box Among 88 CEOs Backing VP Kamala Harris. Cite Policies That 'Support the Rule of Law'
Benzinga
1:00
Bill Ackman Proposes 'Fair And Practical' Billionaire Tax Plan Amid Kamala Harris' Push To Tax Unrealized Gains
Benzinga
0:42
Trump Slams Harris and Biden's Economic Policies in North Carolina Speech, Claims Americans 'Paying the Price' for Harris' 'Liberal Extremism'
Benzinga
0:36
Mark Cuban, Reid Hoffman, Reed Hastings, and Ken Chenault Launch 'Business Leaders for Harris' Podcast
Benzinga
2:18
Kamala Harris Rolled Out An Ambitious Economic Plan. Here’s What’s In It
TIME
0:46
Peter Schiff At Odds With Bernie Sanders Over Taxing Rich, Calls Upon Democrats To Cut Taxes: 'They're Already Paying 40% Of The Federal Income Tax'
Benzinga
0:47
Kevin O'Leary Slams Kamala Harris's Plan To Combat Price Gouging: 'First They Tried That In Venezuela, Cuba, North Korea, The USSR'
Benzinga
0:44
Trump and Harris Clash Over Tariffs and Inflation in Key Presidential Debate. Here Is a Breakdown of the Numbers
Benzinga
0:42
Trump Says He's Entitled To Attack Kamala Harris, Notes She Called Him Weird: 'I Have To Do It My Way'
Benzinga