Contact:
Elizabeth Fairchild
info@businessfwd.org
202-861-1270
Washington, D.C. – Earlier this week, the Vice President Kamala Harris unveiled a new proposal to significantly expand tax benefits for small businesses, aiming to further encourage entrepreneurship across the country. Jim Doyle, President of Business Forward, issued the following statement in support of these efforts to foster innovation and growth among small firms:
“Business Forward applauds the Vice President Harris’s proposal to expand the tax deduction for new small businesses. This substantial increase will provide critical support to entrepreneurs as they navigate the early stages of building their businesses, where access to capital and financial stability are often the biggest hurdles. By reducing the financial burden on start-ups, this measure will lead to job creation, economic growth, and a more resilient small business sector, ensuring that our economy remains competitive and that innovation continues to thrive.”
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Business Forward has helped more than 270,000 local business leaders make the “business case” for climate action, affordable healthcare, immigration reform, diversity and inclusion, sensible tax laws, criminal justice reform, infrastructure investment, new trade deals, and other pro-growth reforms. Our leaders brief policymakers, work with local media, publish op-eds, submit testimony, and advocate online. We also promote their recommendations through issue briefs, survey reports, training manuals, podcasts, and social media. More than 800 mayors, governors, members of Congress, and senior Administration officials have participated in our briefings, including three presidents. Learn more at www.businessforward.org.