Conservative economists pour cold water on Harris' new small-business tax proposal

Conservative economists are pouring cold water on Vice President Kamala Harris' new proposal aimed at reducing startup costs for new small businesses as part of her "Opportunity Economy" economic platform. Harris unveiled new small-business tax proposals last week aimed at reducing the cost burden related to starting a new business. Among the proposals was a substantial increase in the standard tax deduction for small-business startup costs, from $5,000 to $50,000. "It’s essentially a tax cut for starting a small business," the vice president said during a stump speech announcing the...