reuters.com
www.reuters.com

Vice President Kamala Harris will propose a tax deduction of up to $50,000 for new small businesses on Wednesday, a tenfold increase over existing relief and her latest economic policy aimed at winning over middle-class Americans after jumping into the presidential race over a month ago.

  • Rookwood@lemmy.world
    0·
    4 months ago

    We don’t need more small businesses. We need less corporations, less ultra wealthy and more healthy middle class. This does not solve anything and a one time tax deduction doesn’t make small businesses sustainable when they have to compete against corpos.

    • mean_bean279@lemmy.worldEnglish
      0·
      4 months ago

      Having more small businesses is how you get less corporations and a healthier middle class… there’s a ton of great incentives for small businesses already, but the hardest part is the initialization and the first year. This makes that way easier. This is a good idea, you just have a bad view.

        • Neuromancer@lemm.ee
          01·
          4 months ago

          The default for acquisitions should be no. Too many large companies buying small companies.

  • Carmakazi@lemmy.world
    0·
    4 months ago

    My [likely ignorant] take is that we need better incentives for workers, renters, and first-time homeowners, not MBA shysters “entrepreneurs” creating “new businesses” dropshipping imported garbage and other ventures that add little value to society.

    • bassomitron@lemmy.worldEnglish
      0·
      4 months ago

      Tf are you on about? You realize that a huge chunk of small business owners are middle class, right? Hell, many of them are barely holding on at all. My wife is a social worker and started her own “business” this year, which is just a small office she rents so she has a safe place to meet her clients. I promise you we are far from being wealthy. Don’t confuse small business as being riddled with millionaires and billionaires, because that’s just complete nonsense.

      • Neuromancer@lemm.ee
        01·
        4 months ago

        It’s lemmy. Most people don’t get a small business is often tradesmen, the local restaurant down the street or that weird quirky store in your neighborhood.

        They’re also the ones struggling hard right now. I’m no fan of Harris but based on the limited article, I support the idea.

        We need to make it easier for the average person to start a business and have some prosperity.

        I seek out small locally owned businesses as often as I can.