Harris to visit New Hampshire to tout her small business tax plan

WASHINGTON (AP) — Vice President Kamala Harris is using a New Hampshire campaign stop on Wednesday to propose an expansion of tax incentives for small businesses, a pro-entrepreneur plan that may soften her previous calls for wealthy Americans and large corporations to pay higher taxes.

She wants to expand from $5,000 to $50,000 tax incentives for small business startup expenses, with the goal of eventually spurring 25 million new small business applications over four years.

Harris is expected to stop at Throwback Brewery in North Hampton, outside Portsmouth, and meet with co-founders Annette Lee and Nicole Carrier. Their brewery got support to open its current location through a small business credit and installed solar panels using federal programs championed by the Biden administration, according to the Harris campaign.

The campaign of Donald Trump, the former president and current Republican nominee, dismissed Harris’ small business plan, noting that the vice president has promised to eliminate a package of tax cuts approved during his administration that are set to expire next year. Trump’s campaign said those cuts “allowed business owners to deduct up to 20% of qualified business income,” reduced taxes on new equipment purchases and took steps to bolster small businesses as compared to larger ones.

Harris’ New Hampshire trip is a rare deviation for a candidate who is spending most of her time in Midwest and Sun Belt states with pivotal roles in November’s election.

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