Kamala Harris’ small business plan could cost taxpayers a hefty $20B over the next decade: experts

Small businesses, big price tag.

Vice President Kamala Harris will announce Wednesday that she plans to increase the amount in tax deductions offered for startups by tenfold if elected president — a policy experts say could cost Americans as much as $20 billion over the next decade.

The Harris plan, expected to be unveiled during a campaign stop in New Hampshire, would up the current $5,000 tax deduction for small businesses and their startup expenses to $50,000.