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What will be the level of support for Kamala Harris's economic measures among small business owners by the end of 2024?
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Resolution / Starting Odds
High support • 25%
Moderate support • 25%
Low support • 25%
No support • 25%
Surveys conducted by reputable polling organizations
Story
Kamala Harris to Propose $50,000 Tax Deduction for Small Business Startups on Wednesday
Sep 3, 2024, 09:07 PM
Vice President Kamala Harris is set to propose a significant expansion of tax relief for small business startups on Wednesday. In her upcoming speech on economic policy, Harris will unveil a plan to increase the tax deduction for new small businesses from $5,000 to $50,000, a tenfold increase. This proposal is part of a broader slate of economic measures aimed at supporting entrepreneurs and small business owners. Alongside the tax deduction, Harris plans to introduce incentives for local governments to reduce regulatory burdens, reform occupational licensing, and expand Community Development Financial Institutions (CDFIs). The initiative also includes a goal of 25 million new business applications during her first term. Harris's proposal comes shortly after GOP criticism of her previous policies and just days before a debate with Donald Trump.
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Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Passed as proposed • 25%
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Cost $29,000 or more • 25%
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Strongly Support • 25%
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Unfavorable • 25%