Vice President Kamala Harris will propose a tax deduction of up to $50,000 for new small businesses on Wednesday, a tenfold increase over existing relief and her latest economic policy aimed at winning over middle-class Americans after jumping into the presidential race over a month ago.
We don’t need more small businesses. We need less corporations, less ultra wealthy and more healthy middle class. This does not solve anything and a one time tax deduction doesn’t make small businesses sustainable when they have to compete against corpos.
Having more small businesses is how you get less corporations and a healthier middle class… there’s a ton of great incentives for small businesses already, but the hardest part is the initialization and the first year. This makes that way easier. This is a good idea, you just have a bad view.
Thank you. I can’t believe there are multiple comments in this thread hating on small businesses and somehow justifying that as them being anti-corpo/wealthy elite. We need less Walmart/Amazon/etc and more smaller, locally owned and run businesses.
Even better just require all businesses to have a union or coop democratic structure when expanded beyond one employee. Fix the problem from the beginning. All employees should have equal voice. CEO one vote, delivery truck driver one vote. For all companies large and small.
You and @[email protected] are both right.
On one side, helping small business get started is good.
The other side, breaking up monopolies and market manipulators is also needed.
The default for acquisitions should be no. Too many large companies buying small companies.
Many small businesses fail in the first year due to taking on necessary costs before clients/ customers are well established. Getting through that period would make businesses more sustainable.
more businesses could facilitate more work, right?