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Kamala Harris Proposes Expansive Tax and Business Reforms

The Democratic nominee outlines plans to support small businesses and adjust tax policies, facing both praise and criticism.

  • Harris proposes expanding the small business tax credit from $5,000 to $50,000 to aid startups.
  • Plans include reducing regulatory burdens and digitizing small business lending to increase capital access.
  • Critics highlight potential issues with her unrealized capital gains tax and increased corporate tax rate.
  • Harris aims to collect 25 million new small business applications in her first term if elected.
  • The nominee's approach to expiring 2017 tax cuts remains unclear, raising questions about future fiscal policy.
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