BUSINESS

Kamala Harris: A Champion for Small Business Owners

USATue Oct 15 2024
As former President Donald Trump continues to promote his business skills, Vice President Kamala Harris emerges as a better choice for small businesses. Her plans address the challenges entrepreneurs face today. One key proposal is to increase the tax deduction for new small businesses from $5,000 to $50,000. This would help fledgling businesses survive their first year without deep pockets or heavy debt, opening opportunities for more people. Harris also wants to create a small business expansion fund. This fund would help new businesses get started, especially in underserved areas like rural America. She aims to make regulations fairer for small businesses, acknowledging that one-size-fits-all rules can hurt them. Harris’ tax plan for small businesses is simple and efficient, cutting accounting costs and saving business owners time. On immigration, she understands that small businesses need a diverse workforce to grow. Immigrants often bring innovative ideas, as seen in many Fortune 500 companies. Consistency is another plus with Harris. Unlike Trump’s unpredictable decisions, Harris offers stability, allowing businesses to plan and invest for the long term. Overall, Harris’ plans support small businesses now and set them up for future success. Her thoughtful approach makes her a strong choice for entrepreneurship.

questions

    What evidence suggests that Kamala Harris' regulatory exemptions for small businesses will not lead to increased risks for consumers?
    What mechanisms will be put in place to monitor the effectiveness of the small business expansion fund in supporting underserved areas?
    How will Harris balance the need for regulatory exemptions with the necessity to protect consumers and the environment?

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