Additional Coverage:
- Many of the small business owners Harris is targeting say they’ve never heard of a key economic proposal (newsbreak.com)
Vice President Kamala Harris has proposed a plan to boost small businesses by increasing the tax deduction from $5,000 to $50,000.
Despite Harris’ efforts to reach out to small business owners, many are unaware of the proposal. Entrepreneurs say they lack access to information about policies that directly affect them.
Harris’ plan requires congressional approval. However, experts believe there may be bipartisan support for it. Small businesses are often seen as a bipartisan issue, as both Democrats and Republicans support policies that help them succeed.
If Harris wins the election, Congress would need to pass legislation to implement the expanded tax deduction. Experts say it’s possible for Republicans to support the plan, as it would benefit small businesses in their districts.