By Andrea Shalal
WASHINGTON (Reuters) – Democratic presidential candidate Kamala Harris heads to New Hampshire on Wednesday to unveil a $50,000 tax deduction for brand new small companies as she works to win over unbiased voters and Republicans skeptical of former President Donald Trump.
The vice chairman will announce the plan in North Hampton, New Hampshire, as a measure to stimulate financial progress, a marketing campaign official stated. Small companies are main employers and have created 70% of web new U.S. jobs since 2019, based on authorities information.
Harris has her eyes on unbiased voters within the state, the place the 330,000 registered independents outnumber Democrats (258,000) and Republicans (301,000).
Latest polls present Harris with a 4 to 6 share level lead within the state over Trump, her Republican rival within the Nov. 5 election.
Trump spokesperson Karoline Leavitt denied a information report that Republicans had given up on the state and stated Trump’s marketing campaign had an on-the-ground presence, workplace and employees there.
“Kamala Harris is parachuting in because she knows that the Granite State is in play,” she stated. “No amount of campaigning in New Hampshire will make up for the fact that Kamala Harris’ support for Bidenomics is crushing them. Energy prices and inflation are up while profit margins and small business optimism are down — and Kamala Harris is to blame.”
Harris will appear at a brewery, joined by elected officials and a leader of a “Republicans for Harris” group in New Hampshire. The state has supported a Democratic candidate in each presidential election since 1992, aside from former President George W. Bush’s 2000 win. U.S. President Joe Biden beat Trump within the state by seven share factors in 2020.
Harris’ marketing campaign stated the proposed tax credit score was a part of a broader plan to decrease prices for Individuals, develop entry to reasonably priced housing and scale back prescription drug costs.
The proposed tax deduction presents a tenfold enhance over current aid for brand new small companies, which price about $40,000 to begin, the marketing campaign official stated.
The Treasury on Tuesday stated the U.S. was averaging 430,000 new enterprise purposes monthly to this point in 2024, up 50% from 2019, the final pre-COVID yr of Trump’s administration.
Knowledge launched earlier this month confirmed annual inflation slowed to beneath 3% for the primary time in almost 3-1/2 years in July.
