WASHINGTON (AP) — V.P. Kamala Harris Using Wednesday’s election campaign in New Hampshire, Expanding tax incentives for small and medium-sized enterprisesIt’s a pro-entrepreneur plan that may soften her previous calls for higher taxes on wealthy Americans and large corporations.
She would expand tax incentives for small business start-up costs from $5,000 to $50,000, ultimately aiming to stimulate 25 million new small business applications over four years.
Harris is scheduled to stop by Throwback Brewery in Northampton, a suburb of Portsmouth, to meet with co-founders Annette Lee and Nicole Carrier. Her campaign said her brewery got help opening its current location through a small business loan and used a federal program promoted by the Biden administration to install solar panels.
Former President and current Republican candidate Donald Trump’s campaign has rejected Harris’ plan for small businesses, noting that she has pledged to repeal a series of tax cuts passed during his administration that are set to expire next year. The Trump campaign argued that those tax cuts “allow business owners to deduct up to 20% of their qualified business income,” reduce taxes on new equipment purchases and take other steps to help small businesses over larger corporations.
Harris’ visit to New Hampshire is a rare departure for a candidate who has spent most of her time in the Midwest and Sun Belt states, where she plays a key role. November Elections.
Since the Presidency Joe Biden Dropped Endorsing Harris for reelectionThe vice president has focused on Michigan, Wisconsin and Pennsylvania, states where Democrats have had success, and has also made frequent visits to Arizona, Nevada and Georgia, states Biden narrowly won in 2020, as well as North Carolina, where Biden hopes to win. Trump.
Wednesday’s stop came after Harris celebrated Labor Day on Monday. Rallies in Detroit and Pittsburgh Then, in 2024, they’ll visit Pennsylvania for the 10th time before returning to Pittsburgh on Thursday.
Trump has called for lowering the corporate tax rate to 15%, a departure from Biden, who proposed setting the rate at 28% in his March budget proposal. Harris has unveiled relatively few major policy proposals in the roughly six weeks since she became the Democratic nominee, but has not signaled any major departures from the Biden administration on tax policy.
Harris’ small business plan has a lot of what the business community wants, but it stands in stark contrast to another plan she has proposed. Announced last month, So she promised to help fight inflation by fighting “price gouging” by food producers that unnecessarily raise prices in grocery stores.
Harris campaigned on growing and strengthening the country’s middle class, arguing that the wealthy and big corporations should “pay their fair share” through higher taxes.
Both candidates spent the week before the debate Economic Message Who can do more for the middle class? Trump is scheduled to speak at the Economic Club of New York on Thursday.
Biden, who made promoting the middle class a pillar of his campaign, won New Hampshire by 7 percentage points in 2020, but Trump came much closer to defeating Hillary Clinton in 2016. The Harris campaign says it has 17 field offices working with the state Democratic Party throughout New Hampshire, while the Trump campaign has only one.
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Some Democrats in the state have said Biden Democratic National Committee To Make South Carolina the first state to vote in this year’s party’s presidential primary It replaced the Iowa caucuses and New Hampshire’s first-in-the-nation primary, which had been held for more than a century.
Nevertheless, New Hampshire went ahead with its uncertified primary. Biden campaign Appearing on the ballot or not, he still won handily. Burning drive.
Trump seized on the change in the primary date, posting on his social media accounts that he believes his campaign is in trouble because Harris “disrespected New Hampshire in the primary and never showed up.”
“Furthermore, New Hampshire’s cost of living is through the roof, our energy bills are the highest in the country, and our housing market is the most unaffordable in history,” the former president wrote. “I have defended and will continue to defend New Hampshire’s ‘First in the Nation’ Primary.”
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This story has been corrected to reflect that Harris will return to Pittsburgh on Thursday, not Friday.