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☆ Many of the small business owners Harris is targeting say they've never heard of a key economic proposal
  + stars: | 2024-10-16 | by ( Alice Tecotzky | ) www.businessinsider.com   time to read: +6 min
Harris has proposed expanding the small business tax deduction ten-fold, from $5,000 to $50,000. Five female entrepreneurs told BI that many small business owners aren't aware of the plan. Only one of them, she said, reached out to inform her about Vice President Kamala Harris' proposal to increase the small business tax deduction tenfold. Oswald thinks that small business advocacy organizations and financial institutions that provide loans should send the word out about candidates' proposals. Related storiesAnne Zimmerman, 71, co-founded one such organization, Small Business for America's Future, in addition to her Ohio-based accounting firm for small businesses.
Persons: Harris, —, Ashley Storck, Kamala Harris, Storck, — she's, Joe Biden, Rhett Buttle, Biden, Hama Hinnawi, Patricia Oswald, Hinnawi, Oswald, Anne Zimmerman, there's, You've, Zimmerman, Taylor McCleneghan, Mary Hansen Organizations: Service, White, Small Business, Business Development Center, Small, America's, Trump, Republican, American University Locations: Madison , Wisconsin, Ohio, Wisconsin, Michigan, Pennsylvania, Chicago
☆ Harris is working hard to court small business owners as some have never heard of a key proposal
  + stars: | 2024-10-16 | by ( Alice Tecotzky | ) www.businessinsider.com   time to read: +6 min
Harris has proposed expanding the small business tax deduction ten-fold, from $5,000 to $50,000. Five female entrepreneurs told BI that many small business owners aren't aware of the plan. Only one of them, she said, reached out to inform her about Vice President Kamala Harris' proposal to increase the small business tax deduction tenfold. Oswald thinks that small business advocacy organizations and financial institutions that provide loans should send the word out about candidates' proposals. Related storiesAnne Zimmerman, 71, co-founded one such organization, Small Business for America's Future, in addition to her Ohio-based accounting firm for small businesses.
Persons: Harris, —, Ashley Storck, Kamala Harris, Storck, — she's, Joe Biden, Rhett Buttle, Biden, Hama Hinnawi, Patricia Oswald, Hinnawi, Oswald, Anne Zimmerman, there's, You've, Zimmerman, Taylor McCleneghan, Mary Hansen Organizations: Service, White, Small Business, Business Development Center, Small, America's, Trump, Republican, American University Locations: Madison , Wisconsin, Ohio, Wisconsin, Michigan, Pennsylvania, Chicago
☆ Kamala Harris' tax plan for small businesses sounds like it will cost a lot of money — it won't
  + stars: | 2024-10-05 | by ( Alice Tecotzky | ) www.businessinsider.com   time to read: +9 min
Harris has proposed expanding the small business tax credit from $5,000 to $50,000. She even mentioned a key proposal in her opening answer at the presidential debate: expand the small business tax credit 10-fold, from $5,000 to $50,000. Theodos called small businesses "essential" for the US economy, and Buttle said they're a crucial source of innovation. The Pew Research study found 61% of small businesses are majority-owned by men and, as of 2021, 85% were majority-white owned. "We're talking about community businesses, micro-businesses, businesses where the founder doesn't have as much net worth," Theodos told BI.
Persons: Harris, —, Patricia Oswlad, Oswald, Kamala Harris, Rhett Buttle, Joe Biden, Taylor McCleneghan, Danielle Parhizkaran, Brett Theodos, Garret Watson, Theodos, Buttle, McCleneghan, Watson, Chip Somodevilla, they're, Mary Hansen, Francine Orr, doesn't Organizations: Service, Business, Brisa Systems, Small Business, Small, Boston Globe, Getty, Urban Institute, Foundation, Tax Foundation, Pew Research Center, American University, Los Angeles Times, Congress, Pew Research Locations: Chicago
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