Harris proposes a ‘billionaire minimum tax’. Trump wants a new tax on all sales

Vice President Kamala Harris is rolling out an economic plan that looks to capitalize on America’s penchant for entrepreneurship with an ambitious proposal for small business tax breaks and incentives.

Harris unveiled her plan on Wednesday during a campaign stop in North Hampton, New Hampshire at one such small business, the Throwback Brewery. There, co-founder Nicole Carrier credited the Biden-Harris administration with funding its expansion through the American Rescue Plan Act and other programs.

Carrier said she and the vice president share “core values” as she introduced Harris.

“She represents the future, she's smart, she's confident, and she leads from a place of goodness, which is really what we care about most,” she said.

The small business owner also praised Harris’s small business plans as making it “easier for more dreams to become a reality” by cutting red tape around starting and growing operations like hers.

After taking the stage to Beyonce’s “Freedom,” Harris said small businesses like the brewery are “essential” to her economic vision of America, which she described as an “opportunity economy” in which “everyone can compete and have a real chance to succeed.”

The vice president said she is setting an “ambitious” goal of having 25 million new small businesses start up during her first four years in office.

“We’re going to help more small businesses and innovators get off the ground…  To help achieve this, we will help lower the cost of starting a new business,” she said, calling small businesses “an essential foundation to our entire economy.”

Harris said she would expand the existing small business tax deduction to $50,000 per year for new small businesses, calling the expanded deduction proposal