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Kamala Harris will propose expanding small business tax deduction to $50,000 from $5,000
Vice President Kamala Harris is set to propose a tax deduction of up to $50,000 for new small businesses on Wednesday, a significant increase from the current relief and part of her economic policy aimed at appealing to middle-class Americans as she campaigns for the presidency, which she announced over a month ago.
Harris seeks to differentiate her economic strategy from her opponent, Republican Donald Trump, focusing on tariffs and taxes. Her progressive agenda emphasizes taxing wealthier...