Harris gov’t to expand the startup expense deduction from $5,000 to $50,000
She said among other things they will cut the unnecessary red tape that makes it harder for small businesses to operate and expand and provide resources for small businesses to grow all across America.
- Advertisement -
Vice President for the United States of America and Presidential Candidates for the Democrats Party, Kamala Harris has promised to create a conducive environment for Small businesses across America if elected as the next US president.
She said it is imperative to support Small businesses in the country to grow because they employ half of all private sector workers and generate revenue that helps the government to repair their roads and pay teachers.
“Small businesses in our country employ half of all private sector workers—generating revenue that helps repair our roads and pay our teachers. They are part of the glue that holds our communities together. Small business owners need the confidence, capital, and security to get off the ground. Our plan will help them do it.” She said.
Harris indicated that her administration with Tim Walz as the Vice President has more plans for entrepreneurs.
“The Harris-Walz Plan will help entrepreneurs get their ideas off the grounds with 10x expansions in tax reductions for startup expenses from $5,000 to $50,000”
- Advertisement -
According to her, their agenda dubbed “An Opportunity Economy” will tackle many challenges business owners face t0 make it more attractive and lucrative for the development of the country.
- Advertisement -
She said among other things they will cut the unnecessary red tape that makes it harder for small businesses to operate and expand and provide resources for small businesses to grow all across America.
“The Harris-Walz Plan for small businesses and entrepreneurs will enable a record 25 million small businesses applications in the next four years. Expand the startup expense deduction from $5,000 to $50,000. Provide resources for small businesses to grow all across America. Cut unnecessary red tape that makes it harder for small businesses to operate and expand.” She wrote.
The US will hold their general elections in November 2024.
The battle is between former US president, Donald Trump who is the leader of the Republicans party and Vice President Kamala Harris
Source:elvisanokyenews.com
- Advertisement -
