yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Harris Proposes $50k Tax Break For Small Businesses


less than 1m read
·Nov 7, 2024

You've helped entrepreneurs jump start their small business. There's also this proposal about a $50,000 tax deduction for businesses. How does that sound to you?

Look, I'm very happy that you talked about small business because you got to remember her administration for the last three and a half years brought proposals where trillions of dollars were spent: Inflation Reduction Act, CHIPS and Science, Infrastructure. Not a single dime for small business. $2.5 trillion, zero.

And she said it was 50% of jobs created; it's actually 62%. I'm glad she woke up this morning and discovered small business. But $50,000 is a nothing burger for small business because the majority of costs today are state-based regulatory costs.

So, California, for example, the reason you don't get new startups in California is minimum wage and all the regulatory environment have chased business out of there. All of the smaller businesses are going bankrupt because they can't afford it.

So you can't pull off 24 million jobs. It's not a federal mandate; it's a state-based small business, based on geography. I applaud her for talking about it. Where was she for the last three and a half years on 2.6 trillion of spending? I read all those acts, not a dime for small business.

Thank you for thinking about us today. I am small business, so I read those acts.

You are small business, Kevin. Oh, I never thought you’d admit to it.

More Articles

View All
Refugees Welcomed in New York | Explorer
[music playing] HOST: Of approximately 61,000 residents in Utica, New York, nearly 11,000 are immigrants and refugees. And 450 or more arrive here each year. Utica was a manufacturing town in the 1970s and 1980s. Some of our factories began to leave, and…
LearnStorm and Ceiba College Prep
[Music] Watsonville, California, is an agricultural community. We have 98% of our students who are Latino, and about 90% of our students speak Spanish as their first language. Teachers cannot do their job alone; they need to have resources because every c…
A WARNING for ALL Investors
What’s up guys, it’s Graham here. So, we’ll be able to look back at this video in the future and see how all of this pans out. But I’m recording this today as we’ve just had our single best 50-day rally ever in history, and that also means that we’re offi…
These Giant Manta Rays Just Want to Hang Out | Expedition Raw
We are at the Ravi Hio Island, 300 miles from shore off of Mexico, and we’re putting Critter cams on giant mantas for the first time. Mantas are so friendly that they just hang out with the divers, so we wouldn’t get any interesting footage because we’d …
Ancient Egypt's Celebration of the Dead | Lost Treasures of Egypt
[cow mooing] NARRATOR: Each year after the harvest, the people of Thebes held a celebration of the dead called the “Beautiful Festival of the Valley.” They carried statues of Thebes’ three main gods in a grand procession out of Karnak temple east of the …
The Soul of Music: Exploring Chief Xian’s Ancestral Memory | Overheard at National Geographic
Foreign Douglas, I’m a producer here at Overheard, and this is part three of our four-part series focusing on music exploration and black history. It’s called “The Soul of Music.” National Geographic explorers will be sitting down with some of our favorit…