Kamala Harris to propose $50,000 tax break for small businesses
CBSN
Vice President Kamala Harris, the Democratic presidential nominee, is set to propose policies she hopes will help spur small business creation across the U.S., according to a campaign official.
For one, she wants to expand the small business tax credit tenfold — from $5,000 to $50,000 — to help startups cover the average $40,000 it costs to launch an enterprise. She's also setting a goal of receiving 25 million new small business applications in her first term, up from the record 19 million that were filed under the Biden-Harris administration.
Details of the plan to benefit small business are expected to be unveiled in a speech by Harris in New Hampshire Wednesday.
Trump Media & Technology Group, the social media business owned by former president Donald Trump, surged on Friday after Trump said he has "absolutely no intention of selling" his stake in the Truth Social owner.
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Opioid overdose deaths have dropped to the lowest they have been in three years, new estimates from the Centers for Disease Control and Prevention suggest, in the wake of a record surge of fatalities from the class of drugs that includes heroin and fentanyl during the COVID-19 pandemic.
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Competing measures that would expand or restrict abortion rights can appear on the ballot in Nebraska this fall, the state Supreme Court ruled Friday.
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