Kamala Harris to unveil $50,000 tax deduction for new small businesses

United States Vice President Kamala Harris is set to unveil a tax deduction of up to $50,000 for new small businesses as the Democratic nominee seeks to burnish her economic credentials in the close race for the White House.

Harris is due to unveil the plan on Wednesday in New Hampshire, where she will announce a goal of 25 million new small business applications during her first four years in office if elected in November.