Numbers show Harris tax proposal would give to small business with one hand, take with the other

Vice President Kamala Harris unveiled new tax proposals for small businesses Tuesday, which she is expected to announce publicly during her stump speech in New Hampshire on Wednesday. 

The proposal seeks to increase the federal government's small business tax deduction by tenfold, from $5,000 to $50,000, which the campaign indicated will help reduce the roughly $40,000 cost burden related to starting a new business. The proposal will also allow small businesses to wait to claim the deduction until they become profitable...