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.
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.
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.
You and @[email protected] are both right.
On one side, helping small business get started is good.
The other side, breaking up monopolies and market manipulators is also needed.
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