Ashley Storck, the 26-year-oldfounder of a digital marketing firm in Madison, Wisconsin, is part of nearly a dozen professional organizations. Only one of them, she said, reached out to inform her about Vice President Kamala Harris’ proposal to increase the small business tax deduction tenfold.
Storck considers herself very engaged in Democratic politics — she’s been to the White House and introduced President Joe Biden at an event about student loan forgiveness — but she doubts that many entrepreneurs in her critical battleground state know about Harris’ small business policies.
With the economy as the driving issue this election, Harris has introduced a slate of policies targeted toward entrepreneurs, including her plan to expand the small business tax deduction from its current $5,000 to $50,000. Under the proposed legislation, new entrepreneurs could take advantage of the $50,000 deduction right away or a few years after launching, to help lower taxes once they start turning a profit.
Rhett Buttle, the …