Harris to propose $50K tax deduction for small businesses in New Hampshire speech

Vice President Kamala Harris is expected to unveil the next component of her economic policy plan — including a $50,000 tax deduction for startup expenses — Wednesday during a speech in New Hampshire, NewsNation has learned. 

Harris, the Democratic nominee for president, intends to announce her proposal aimed at boosting small business and the needs faced by American entrepreneurs, a Harris campaign official said, speaking on the condition of anonymity.  

Under her plan, Harris would expand the small business tax deduction from $5,000 to $50,000, ten times the current relief.