Ashley Storck highlights the lack of awareness among entrepreneurs about Vice President Kamala Harris' proposal to expand the small business tax deduction from $5,000 to $50,000, saying that only one of her numerous professional organizations reached out to inform her of this significant change. Despite her political engagement, she expresses concern that many business owners are uninformed about these crucial small business policies, particularly in her battleground state as the economy looms large in the upcoming election.
Rhett Buttle, co-executive director of Small Business Roundtable, indicates the expanded deduction could significantly benefit women and people of color in business, as they often struggle to secure capital. However, five female entrepreneurs expressed their disbelief at the collective ignorance surrounding Harris' proposal, revealing an urgent need for heightened awareness among small business owners to access such financial relief, especially in light of the critical economic climate.
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