Vice President Kamala Harris will propose a tax deduction of up to $50,000 for new small businesses on Wednesday, a tenfold increase over existing relief and her latest economic policy aimed at winning over middle-class Americans after jumping into the presidential race over a month ago.
Well it sure beats getting your taxes raised just to give the rich another cut. This can actually help me out as I’m working to start a small shop here in Detroit. $50k is the cost of a good used CNC lathe.