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Kamala Harris' tax plan for small businesses sounds like it will cost a lot of money -- it won't

By Business Insider   |   Oct 5, 2024 at 05:38 AM EST
Kamala Harris' tax plan for small businesses sounds like it will cost a lot of money  --  it won't

Vice President Kamala Harris proposed expanding the small business tax credit from $5,000 to $50,000 to aid entrepreneurs burdened by startup costs. The proposal aims to allow quicker deductions for business expenses, potentially benefiting small businesses and spurring economic growth.

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