{"id":2336850,"date":"2024-09-04T18:24:55","date_gmt":"2024-09-04T22:24:55","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/harris-unveils-new-tax-deduction-plan-amid-trump-criticism-washington-examiner\/"},"modified":"2024-09-04T18:31:06","modified_gmt":"2024-09-04T22:31:06","slug":"harris-unveils-new-tax-deduction-plan-amid-trump-criticism-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/harris-unveils-new-tax-deduction-plan-amid-trump-criticism-washington-examiner\/","title":{"rendered":"Harris unveils new tax deduction plan amid Trump criticism &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fharris-unveils-new-tax-deduction-plan-amid-trump-criticism-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2336850&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>**Summary of Kamala Harris&#8217;s Economic \u2064Proposals**<\/p>\n<p>Vice President Kamala Harris recently\u200c outlined her economic proposals \u2063aimed\u2063 at boosting small businesses during a rally\u200c in New Hampshire. \u2062In her \u200cspeech, Harris emphasized her \u200bcommitment\u200b to \u2063supporting small enterprises, which she considers\u200b crucial for\u200c the economy. \u2062Key elements of her \u200bplan include expanding\u2063 the \u200bsmall \u2064business tax deduction for startup\u2064 expenses from $5,000 to $50,000, with\u2062 a\u2063 goal of \u200cgenerating\u2064 25 million new \u2062small business\u2064 applications \u2062within her first four years if\u200c elected. She also pledged to reduce \u200cexcessive regulations\u2062 that hinder small business\u200c growth and\u200d provide low and no-interest loans to those looking to expand.<\/p>\n<p>Harris&#8217;s proposals are \u200cpart of her &#8220;Opportunity Economy&#8221; strategy, \u2063as she\u2062 positions herself against former President\u200c Donald Trump, branding him as a \u2063supporter of the wealthy \u2063at the expense of ordinary citizens. She suggested a\u2062 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/why-suggesting-a-tax-hike-right-now-is-a-terrible-idea\/\" title=\"Why Suggesting A Tax Hike Right Now Is A Terrible Idea\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-political-activism-and-influence-of-bill-gates\/\" title=\"The Political Activism And Influence of Bill Gates\">capital gains tax<\/a> rate<\/a> of 28% for \u2064individuals earning over\u2064 a million dollars, a notable reduction from previous proposals that sought a higher rate. <\/p>\n<p>In \u2063addition to her economic agenda,\u200c Harris addressed a recent shooting \u200cincident in Winder, \u200cGeorgia, expressing \u200bher condolences and\u2063 calling for \u2063an end to \u2064gun violence, while steering clear of\u200b proposing changes \u2062to the \u200bSecond\u200b Amendment. Her visit \u2064to New Hampshire signals\u200c an important campaign effort, emphasizing the tight competition expected in the upcoming elections. The Trump\u2062 campaign\u2063 quickly criticized her initiatives, questioning her commitment to \u200csmall businesses during her tenure as\u2064 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hunter-biden-defector-emails-pipeline-to-obama-admin-seen-as-currency\/\" title=\"Hunter Biden Defector Emails: &#039;Pipeline&#039; to Obama Admin Seen as &#039;Currency&#039;\">vice president<\/a>. \u2064Harris acknowledged the challenges in \u200dthe election and \u2063urged supporters to \u200bremain\u2063 focused, indicating a tough\u200b battle ahead.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Harris offers more details on tax proposals if elected president<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1742729\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>Vice President <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/kamala-harris\/\" target=\"_blank\" rel=\"noreferrer noopener\">Kamala Harris<\/a> officially unveiled her most recent <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/economy\/\" target=\"_blank\" rel=\"noopener\" title>economic <\/a>proposals, which target small businesses, during a rally in <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/new-hampshire\/\" target=\"_blank\" rel=\"noreferrer noopener\">New Hampshire<\/a> on Wednesday afternoon.<\/p>\n<div class=\"article-paywall\">\n<p>&ldquo;One of my highest priorities will be to strengthen America&rsquo;s small businesses. And here I am in New Hampshire to announce a few elements of my plan to do that,&rdquo; Harris said at the women-owned Throwback Brewery in North Hampton.<\/p>\n<p>Chief among the ambitious proposals Harris announced was a tenfold expansion of the small business tax deduction for startup expenses, from $5,000 to $50,000, along with setting a goal of 25 million new small business applications in her first four years of office and cutting burdensome red tape for entrepreneurs. These initiatives will help business owners who face the average cost of starting a business at $40,000.<\/p>\n<p>&ldquo;My plan will help existing small businesses grow. We will provide low and no-interest loans to small businesses that want to expand,&rdquo; Harris continued. &ldquo;And we will, and this is very important, cut the red tape that can make starting and growing a small business more difficult than it needs to be.&rdquo; <\/p>\n<p>The initiatives are part of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/carson-points-out-that-every-democratic-plan-has-backfired-in-trumps-favor-as-seen-in-the-bible-2\/\" title=\"Carson points out that every Democratic plan has backfired in Trump&#039;s favor, as seen in the Bible\">vice president&#038;rsquo<\/a>;s Opportunity Economy strategy as she ramps up her attacks against former President Donald Trump in a bid to win middle-class voters. Harris has sought to portray herself as the champion of the average voter while branding Trump as the crony of the billionaire class, which she echoed in New Hampshire.<\/p>\n<p>She previewed raising the capital gains tax but at a smaller increase than President Joe Biden had once outlined, which would have nearly doubled<a href=\"https:\/\/www.wsj.com\/politics\/elections\/kamala-harris-to-pare-back-bidens-capital-gains-tax-proposal-14c537b1\" target=\"_blank\" rel=\"noreferrer noopener\">&nbsp;the top rate to 44.6<\/a>%.<\/p>\n<p>&ldquo;My plan will make our tax code more fair while also prioritizing investment and innovation. So let us be clear: Billionaires and big corporations must pay their fair share in taxes,&rdquo; Harris said as the crowd applauded. &ldquo;We will tax capital gains at a rate that rewards investment in America&rsquo;s innovators, founders, and small businesses. So here&rsquo;s the detail: If you earn a million dollars a year or more, the tax rate on your long-term capital gains will be 28%.&rdquo;<\/p>\n<p>Harris then slammed Trump for his wishes to extend the 2017 Tax Cuts and Jobs Act, cut off federal programs that give loans to small businesses, and explode the national deficit.<\/p>\n<p>She also moved into well-worn territory and blasted Trump over his comments to overturn the Affordable Care Act, his indirect work that helped overturn Roe v. Wade, and the conservative wish list, Project 2025, during a potential second Trump term.<\/p>\n<p>Harris also commented on the fatal shooting in Winder, Georgia, which has left at least four people dead, and offered her condolences. The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-sends-harris-to-space\/\" title=\"Biden Sends Harris to Space\">vice president called<\/a> for the end of &ldquo;this epidemic of gun violence&rdquo; but did not call for any changes to the Second Amendment.<\/p>\n<p>&ldquo;So before I begin, I do want to say a few words about this tragic shooting that took place this morning in Winder, Georgia. We&rsquo;re still gathering information about what happened. But we know that there were multiple fatalities and injuries,&rdquo; said Harris.<\/p>\n<p>&ldquo;And you know, our hearts are with all the students, the teachers, and their families, of course, and we are grateful to the first responders and law enforcement that were on the scene,&rdquo; Harris continued.<strong> <\/strong>&ldquo;But this is just a senseless tragedy on top of so many senseless tragedies, and it&rsquo;s just outrageous that every day in our country in the United States of America that parents have to send their children to school, worried about whether or not their child will come home alive.&rdquo;<\/p>\n<p>In the run-up to the election, Harris&rsquo;s visit to New Hampshire <a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/presidential\/3141871\/harris-new-hampshire-tax-plan\/\" target=\"_blank\" rel=\"noopener\" title=\"marks a departure\">marks a departure<\/a> from the focus on the seven battleground states. But it is an acknowledgment that Harris is taking no state for granted. <\/p>\n<p>&ldquo;And I&rsquo;m going to tell you what you already know: This race is going to be tight until the very end,&rdquo; Harris cautioned. &ldquo;So, please, let&rsquo;s not pay too much attention to the polls because we are running as the underdog. We know what they&rsquo;re capable of on the other side.&rdquo;<\/p>\n<p>The Trump campaign slammed Harris&rsquo;s policies even before she had arrived in the Granite State. <\/p>\n<p>&ldquo;If Kamala wanted to help small businesses, why hasn&rsquo;t she done it during her four years as vice president?&rdquo; the Trump campaign asked in an email sent out early Wednesday morning.<\/p>\n<p>The campaign also included testimonials from New Hampshire business owners who attacked Harris&rsquo;s policies. <\/p>\n<p>&ldquo;We, as true Americans, have an opportunity to save our country with a Trump presidency.&nbsp;The&nbsp;choice has never been clearer. This is communism versus freedom,&rdquo; said Tom Moulton, a small business owner of SleepNet Corporation in Hampton, New Hampshire.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><\/strong>&nbsp;<\/p>\n<p>Republican National Committee Chairman Michael Whatley also slammed Harris&rsquo;s visit in a statement Wednesday afternoon.<\/p>\n<p>&ldquo;Dangerously liberal Kamala Harris wants to win over small business owners in longtime blue state New Hampshire, but she has already failed them with her weak and dishonest record,&rdquo; said Whatley. &ldquo;On top of Harris&rsquo;s&nbsp;<a href=\"https:\/\/click.campaigns.rnchq.com\/?qs=93c1f69b7fef08ef03ca0f1ff127cb919c6f3341e5b4a3ed0b2210bd38f9543498747fcaa20905231419e3c46884b8ce\" target=\"_blank\" rel=\"noreferrer noopener\">pledge&nbsp;<\/a>to&nbsp;eliminate President Trump&rsquo;s tax cuts, Harris&rsquo; tiebreaking vote on the Inflation Reduction Act spurred historic inflation and record-high prices that have decimated small businesses in New Hampshire and across the country.&rdquo;<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1742729\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1742729\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vice President Kamala Harris shared additional details about her tax proposals aimed at supporting small businesses during a rally in New Hampshire on Wednesday afternoon. &#8220;One of my top priorities is to bolster America&#8217;s small businesses, and I&#8217;m here in New Hampshire to outline parts of my plan,&#8221; she stated at the women-owned Throwback Brewery in North Hampton. A key aspect of her ambitious plan includes increasing the small business tax deduction for startup costs from $5,000 to $50,000 and aiming for 25 million new small business applications within her first four years while reducing bureaucratic hurdles for entrepreneurs. These measures are designed to assist business owners who typically face an average startup cost of $40,000. &#8220;My strategy will support existing small businesses looking to grow by offering low or no-interest loans,&#8221; Harris added. &#8220;We will also eliminate unnecessary red tape that complicates starting and expanding a small business.&#8221; <\/p>\n<p>These initiatives form part of Harris&#8217;s Opportunity Economy strategy as she intensifies her criticism of former President Donald Trump in an effort to appeal to middle-class voters. She has positioned herself as a defender of everyday Americans while labeling Trump as an ally of the wealthy elite, a sentiment she reiterated during her visit to New Hampshire. She hinted at raising capital gains taxes but proposed a smaller increase than what President Joe Biden had previously suggested\u2014nearly doubling the top rate to 44.6%. &#8220;My approach aims for a fairer tax code that encourages investment and innovation,&#8221; said Harris amid applause from the audience. &#8220;Billionaires and large corporations must contribute their fair share in taxes.&#8221; For those earning over one million dollars annually, she proposed setting long-term capital gains tax rates at 28%.<\/p>\n<p>Harris criticized Trump for wanting to extend the 2017 Tax Cuts and Jobs Act, proposing cuts to federal loan programs for small businesses, and exacerbating national debt levels. She also revisited familiar criticisms regarding Trump&#8217;s attempts to repeal the Affordable Care Act, his role in overturning Roe v. Wade indirectly, and his conservative agenda outlined in Project 2025 should he win another term.<\/p>\n<p>In light of recent tragic events\u2014a shooting incident in Winder, Georgia that resulted in multiple fatalities\u2014Harris expressed condolences but did not advocate changes regarding gun rights under the Second Amendment: \u201cBefore I begin today\u2019s discussion, I want to address this morning&#8217;s tragic shooting incident,\u201d she remarked while acknowledging ongoing investigations into it.<\/p>\n<p>As election season approaches, Harris&#8217;s trip marks a shift from focusing solely on seven battleground states; it reflects her commitment not take any state lightly: \u201cThis race is going be close until the end,\u201d she warned attendees while urging them not rely too heavily on polls since they are running as underdogs against formidable opponents.<\/p>\n<p>The Trump campaign responded critically even before Harris arrived; they questioned why she hadn&#8217;t acted on behalf of small businesses during her vice presidency: \u201cIf Kamala wanted help them why hasn\u2019t done so?\u201d they asked via email early Wednesday morning alongside testimonials from local business owners opposing her policies.<\/p>\n<p>Republican National Committee Chairman Michael Whatley also condemned Harris\u2019s visit stating: \u201cKamala wants win over NH\u2019s entrepreneurs but has already let them down with weak record.\u201d He pointed out how eliminating Trump&#8217;s tax cuts combined with support for inflationary measures have harmed local enterprises across America including New Hampshire specifically<\/p>\n","protected":false},"author":2658,"featured_media":2336851,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/09\/Kamala-Harris-in-New-Hampshire-.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[7375,4021,40124,3634,32076],"class_list":["post-2336850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-criticism","tag-harris","tag-tax-deduction","tag-trump","tag-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/09\/Kamala-Harris-in-New-Hampshire-.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2336850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2658"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2336850"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2336850\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2336851"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2336850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2336850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2336850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}