Harris plans to propose a ten-fold increase in the small business tax deduction for startup costs, boosting it from $5,000 to $50,000.
The move is part of an escalating tax policy duel between Harris and Trump, as both candidates aim to address economic anxieties and propose major tax reforms.
Harris emphasizes protecting the middle class as part of her Opportunity Agenda, providing comprehensive measures to help households navigate economic pressures.
The Vice President's forthcoming proposals and her call for 25 million new small business applications aim to rejuvenate the economy and support entrepreneurship.
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