TUCSON, Ariz. (KGUN) — Vice President and Democratic presidential nominee Kamala Harris unveiled a plan Wednesday to increase small business tax deductions from $5,000 to $50,000.
President and CEO of REA Media Group Raul Aguirre said, a tax break like this would have been life-changing when he started his business in the early 90’s.
“It costs an average of about $40,000 to start a new business. That can seem like an impossible number to many of our entrepreneurs,” Aguirre said. “I know that was true for me.”
Harris is also proposing to help existing businesses by making it easier to file taxes and do business across state lines.
“Vice President Harris’s proposal will help small business owners like us to continue achieving our dreams and strengthen our businesses,” said Julio Garcia, owner of Buendia Breakfast and Lunch Cafe.
On the other hand, Rob Curcio, who owns OV Pizza and Pints, …