Harris to announce new economic plans focused on boosting small businesses

Vice President Harris is set to propose expanding tax relief for Americans starting a small business as part of her economic plan, a Harris campaign official told The Hill.

The proposal would tenfold expand the small business tax deduction for startup expenses from $5,000 to $50,000, with the goal of 25 million new small business applications in Harris's first term as president if elected.

Harris is expected to announce the plans Wednesday during a campaign stop in New Hampshire.