Booker, Flint business owners tout Harris plan to increase startup tax credits

U.S. Sen. Cory Booker (D-N.J.) participates in a roundtable with small business owners in Flint, Mich., on Sept. 20, 2024. (Photo by Andrew Roth/Michigan Advance)

Small business owners in Flint said during a Friday roundtable with U.S. Sen. Cory Booker (D-N.J.) that Vice President Kamala Harris’ plans to increase funding to start small businesses and cut red tape would be helpful for creating new businesses. But they expressed concerns that additional support may be needed for businesses that have been around for a few years.

Harris rolled out part of her plan to create what she calls an “opportunity economy” earlier this week, calling to expand the startup expense deduction from $5,000 to $50,000…

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