What to know about Harris’s proposed tax breaks for small businesses

The proposal can help Harris show her support for entrepreneurs even as she’s called for higher corporate tax rates.

Vice President Kamala Harris plans to propose on Wednesday a tenfold increase in federal tax incentives for small business startup expenses, from $5,000 to $50,000, hoping to help spur a record 25 million new small business applications over her four-year term should she win the presidency in November.