Harris halts campaign in crucial swing state where Trump claims VP and Biden disrespected.
Kamala Harris proposes significant increase in small business tax deductions during New Hampshire visit.
Vice President Harris will visit New Hampshire on Wednesday to outline her economic vision for the country, in a potential 2024 showdown with former President Trump.
The vice president will propose a tenfold-expansion of a new small business tax deduction and aim for 25 million applications for small businesses during the first term of a Harris presidency at an event at Throwback Brewery, a popular brewery and eatery in New Hampshire's Seacoast.
The trip to New Hampshire, a battleground state in the down-ballot general election, presents an opportunity for Harris to mend any lingering animosity from the Democratic Party's decision to shift New Hampshire's primary status.
Harris' plan proposes to increase the current $5,000 startup-expense deduction for small businesses, which covers costs such as market surveys, ads, and worker training, to $50,000.
The proposal would provide new businesses with greater flexibility in determining when they can claim the larger deduction, potentially resulting in a greater advantage.
The Harris campaign highlighted the Vice President's plan to significantly increase assistance for small business owners and reduce excessive bureaucracy.
Trump and Harris have contrasting views on corporate tax rates. Trump recently suggested increasing the rate from 21% to 28% for major companies, arguing it is financially responsible and ensures fair taxation for billionaires and corporations.
Her move aligns with President Biden's budget proposal in March, which also recommended setting the corporate tax rate at 28%. If implemented, it would represent a significant reversal of the 2017 tax cuts, a landmark piece of legislation passed under the Trump administration that drastically reduced the corporate tax rate from 35% to 21%.
Trump, while campaigning to regain the presidency, has advocated for reducing the corporate tax rate to 15%.
Since replacing Biden as the top Democrat six and a half weeks ago, Harris has not made a stop in New Hampshire, which is her first visit since 2021. This break from her visits includes stops in the seven key battleground states that decided the 2020 presidential election and will likely determine the winner of the 2024 contest, including Pennsylvania, Michigan, Wisconsin, Georgia, North Carolina, Arizona, and Nevada.
Since 1996, no Republican has won New Hampshire's four electoral votes in a general election.
In 2016, Trump lost New Hampshire to Clinton by a narrow margin, but four years later, he was defeated by Biden by seven points in the same state.
In four years, Biden held a slight edge over Trump in New Hampshire polls until a June debate caused a close race.
Since assuming office, Vice President Harris has experienced a surge of momentum and enthusiasm, and recent polls in New Hampshire show him leading the former president by a single digit margin.
Ray Buckley, the longtime New Hampshire Democratic Party chair, stated to Planet Chronicle that the vice president will not take any vote for granted and is coming to New Hampshire to ensure that everyone hears her message and votes for her.
The Trump campaign highlighted its continued presence in New Hampshire with staff and offices, while Kamala Harris is only visiting because she recognizes the state's importance in the election.
The Democrats in New Hampshire have a significant advantage over the Republicans in terms of campaign offices and ground game, with 17 offices compared to the Republicans' 11.
Trump accused Harris of seeing problems for her campaign in New Hampshire due to her disrespectful behavior in the primary and failure to attend.
Trump argued that the cost of living in New Hampshire is too high, their energy bills are among the highest in the country, and their housing market is the least affordable in history.
The Democratic National Committee, following Biden's lead, moved New Hampshire from its traditional position as the first presidential primary state in late 2022 and early 2023, which the former president claims disrespected Harris.
The Democratic primary in New Hampshire, held on January 23, was not sanctioned due to the state's adherence to a law that mandates its presidential primary to occur first.
Despite staying away from the state, Biden won the New Hampshire primary with the help of a well-organized write-in effort by state Democratic leaders.
In March, the president visited New Hampshire, where he was seen as extending an olive branch to the state's residents after securing the Democratic nomination.
New Hampshire retained its lead off position in the presidential nominating calendar, despite the Republicans' lack of changes.
Trump boasted on social media about safeguarding New Hampshire's primary status and pledged to always do so.
In an interview Wednesday morning on "Good Morning New Hampshire with Jack Heath," Trump stated that he would return to the state before Election Day, saying, "Oh yeah, I'll be there – that's a very important place for me."
politics
You might also like
- Speaker Johnson faces opposition from Republicans in political statement.
- UN agency funding restoration bill backed by Dem lawmakers: 'Absolutely necessary'
- GOP candidate gains ground on Sen. Tammy Baldwin in Wisconsin, according to consecutive polls.
- A Republican official from a swing state denounced any involvement in a pornography scandal and dismissed it as "sensationalized gossip."
- The former head of Border Patrol criticizes the Biden administration for allegedly concealing information about migrants with suspected links to terrorism.