Criticizing former President Donald Trump, the VP said that the Republican plans to "cut off federal programs that give loans to small businesses".
Washington: US Vice-President Kamala Harris unveiled an "ambitious" plan to boost small businesses through tax deductions, low and no-interest loans, investments, and fairer tax codes, which together, she said, will make 25 million new applications by the end of her first term.
Small businesses "aren't just building a business. They're pursuing a dream. They're building a better future for their employees and for the people they love in their communities, and by extension, they're building a stronger middle class and a stronger America for us all," Harris said at an election campaign event in New Hampshire.
"And so all of this is why as president, one of my highest priorities will be to strengthen America's small businesses. And here I am in New Hampshire to announce a few elements of my plan."
Harris had announced her larger economic plan in August, ahead of the Democratic Party Convention to formally nominate her to run for President, the IANS news agency reported. The overarching theme was "lower costs for American families" and key provisions of the plans were to ban price gouging, build three million new housing units and grant a tax credit of $6,000 per newborn.
The first part of the plan she announced for small businesses, Harris said, was "to help more small businesses and innovators get off the ground. Okay, now I'm setting what some I'm sure going to call a very ambitious goal but you know what I think we should admire ambition in each other".
She added that she wants to "see 25 million new small business applications by the end of my first term. And to help achieve this, we will lower the cost of starting a new business". The way she plans to reduce costs was to expand tax deductions for start-up from the current $5,000 to $50,000.
Finally, the Vice-President said, "her plan will make our tax code more fair, while also prioritizing investment and innovation. So let us be clear, billionaires and big corporations must pay their fair share in taxes." She said former President Donald Trump plans to "cut off federal programs that give loans to small businesses".
Putin says backing Kamala Harris in US pollsRussian President Vladimir Putin said that he prefers Democratic presidential nominee Kamala Harris, in the upcoming US presidential polls, and praised her "infectious laugh". Participating at the Eastern Economic Forum in Vladivostok, the Russian leader, who had earlier this year noted that he would back President Joe Biden, who is "a more experienced, predictable person, a politician of the old school", said that he respected Biden’s choice to endorse her as his successor, RT reported. Putin noted that Biden had told his supporters to support Harris in the race, and so Moscow would do the same and root for the Vice President in November. He also suggested that Harris’ positive disposition could mean that she would refrain from imposing as many sanctions on Russia as former US President Donald Trump, who Putin said had introduced more restrictions on Moscow than any other President in American history, at the time. |
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With fewer than 10 weeks remaining for the upcoming US Presidential elections, the race to the White House is becoming close with Vice President Kamala Harris maintaining a narrow lead nationally over former President Donald Trump.
>> According to an ABC News/Ipsos poll, the Democratic Presidential nominee has maintained a healthy lead over the Republican challenger. Harris is also predicted (43 per cent-37 per cent) to win the September 10 Presidential debate against Trump.
>> The latest Wall Street Journal poll shows Harris leading nationally with 48 per cent support of registered voters while Trump remains at 47 per cent.
>> A poll by Quinnipiac University showed Harris enjoying 49 per cent support and Trump trailing at 48 per cent.
>> One outlier poll by Suffolk/USA Today suggests that Harris is ahead with 48 per cent support base while Trump is left behind at 43 per cent, and 9 per cent are undecided voters.
More updates
>> Tulsi Gabbard claimed that the US government has placed her on a “secret terror watchlist” for criticizing Kamala Harris. >> Liz Cheney, Mike Pence, and other Republicans say they will vote for rival Kamala Harris, ditching Donald Trump. >> Joe Biden pitched Kamala Harris to American workers and unions at their first joint rally on Labor Day this week as someone with a “ramrod” backbone and the moral compass of a “saint”. >> Kamala Harris's campaign team described itself as the "clear underdogs" and said the 2024 White House race will be decided by "razor-thin" margins in the battleground states as in 2020. Campaign Chair Jen O’Malley Dillon, acknowledged former Donald Trump remained a "formidable candidate" |
