Concord, NH – Vice President Kamala Harris made a significant campaign stop in New Hampshire today, unveiling an ambitious plan aimed at bolstering small businesses as part of her broader economic strategy. This visit marks her first return to the Granite State since 2021, and it comes on the heels of a notable surge in the polls, positioning her ahead of former President Donald Trump by a five-point margin, according to a recent USA Today/Suffolk University poll.
During her speech, Harris outlined a proposal that includes a substantial expansion of tax deductions for small business expenses. The plan would increase the allowable deduction from the current $5,000 to $50,000, providing a significant financial cushion for new and existing small businesses. Harris emphasized the importance of this measure, particularly in an era where side hustles and entrepreneurial ventures are increasingly common.
In addition to tax benefits, Harris proposed an initiative to streamline the application process for small businesses. She aims to increase the number of small business applications received by the administration from 19 million to 25 million. This initiative is part of a broader effort to make it easier for entrepreneurs to launch and sustain their businesses, ultimately contributing to economic growth and job creation.
New Hampshire, a key battleground state, has seen renewed attention from the Harris campaign as she positions herself for a potential White House bid. The state’s Democratic base has been energized by Harris’ proposals, especially in contrast to concerns raised earlier in the year about President Biden’s ability to lead the party into the next election cycle.
After her stop in New Hampshire, Harris is set to return to Washington, D.C., before heading to Pittsburgh, Pennsylvania, where she will prepare for her first presidential debate. The Harris campaign has also announced plans to transfer $25 million to support down-ballot Democratic candidates, underscoring the importance of securing a cooperative Congress to advance her legislative agenda.
Harris’ economic proposals and her surge in the polls signal a strong start to her campaign, as she seeks to build momentum in key states ahead of the 2024 election. Her focus on small businesses reflects a broader strategy to appeal to everyday Americans and address the economic challenges facing the nation.
This visit and the unveiled plans could play a crucial role in shaping the economic landscape for small businesses across the country, as Harris continues to solidify her platform and campaign efforts.
