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flag Vice President Harris proposes expanding small business tax credit from $5,000 to $50,000, aiming to provide immediate financial relief for entrepreneurs.

flag Vice President Kamala Harris has proposed an expansion of the small business tax credit, increasing it from $5,000 to $50,000. flag This initiative aims to provide immediate financial relief for entrepreneurs, allowing them to deduct startup costs more quickly. flag Tax experts estimate the plan would cost about $24.5 billion over ten years, with potential benefits for small businesses facing inflation. flag Congressional approval is necessary for implementation.

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