Kamala Harris will unveil plans Wednesday to help small businesses in the United States, her campaign said, as the Democratic presidential candidate outlines her economic policy ahead of a crucial debate with rival Donald Trump.
The US Vice President will propose cutting taxes and easing bureaucratic hurdles for small businesses if elected. November/November during a campaign rally in New Hampshire.
Harris has generated widespread enthusiasm since replacing President Joe Biden as the Democratic Party’s nominee, promising an “economy of opportunity” but facing criticism over the details of implementing it.
A Harris campaign official said she would “propose a 10-fold increase in the tax credit for starting a small business and set a goal of 25 million new small business applications in her first term.”
The plan would raise the startup cost tax credit for small businesses from $5,000 to $50,000.
Her speech in Portsmouth, New Hampshire, will come hours before Trump is due to attend a Fox News-run meet-and-greet event in Harrisburg, Pennsylvania, a swing state that votes Republican and Democratic.
The two candidates are focusing their competition on the issue of taxes in particular, as Trump accuses the Democratic candidate of copying the policy of eliminating taxes on tips for service sector workers, while he pledges to reduce taxes for various groups.
Meanwhile, Harris is seeking to raise taxes on corporations and the wealthy.
Harris Advanced
Trump and Harris are scheduled to face off in their first presidential debate in Pennsylvania on September 10.
Harris will reportedly stay in the state to prepare for the debate after a campaign visit to Pittsburgh, her second city this week after appearing alongside Biden on Monday.
The 59-year-old Democratic candidate turned the tables on Trump, 78, who was leading in the polls until Biden withdrew from the race six weeks ago and was replaced by his running mate.
A USA Today/Suffolk University poll released yesterday found Harris leading Trump by 48% to 43%, an 8-point lead over late June when Trump was ahead of Biden.
The poll found that Harris made double-digit gains among key groups such as Latinos, blacks and young people.
Trump had denounced his rival before her visit to the state, speaking about “the problems her campaign is facing in New Hampshire.”
He pointed out that this year, Biden canceled New Hampshire’s traditional role as the first state to hold primary elections and the cost of living in the state.
But New Hampshire is not a battleground state for the Nov. 5 election, having voted Democratic for the past 20 years. Election forecaster Larry Sabato recently changed its rating from “leaning Democratic” to “likely Democratic.”
