NORTH HAMPTON, N.H. — Vice President Kamala Harris will head to swing state New Hampshire on Wednesday for her 2024 contest Former President Donald Trump, Because he aims to further clarify his economic vision for the country.
Vice President Using an event at Throwback Brewery, a popular brewery and eatery on New Hampshire’s Seacoast, Harris will propose a tenfold expansion of a new small business tax deduction and announce that her goal is to receive 25 million applications for small businesses during the first term of the Harris presidency.
However, the trip to New Hampshire, a general election region that Democrats have won in five consecutive presidential elections but remains competitive in the White House race, is also seen as an opportunity for Harris to ease any remaining bitter feelings arising from the Democratic Party’s move to remove New Hampshire from its traditional role as the nation’s first-ever presidential primary.
The plan Harris is proposing would increase the current $5,000 startup-expense deduction for small businesses (the costs of market surveys, advertising and worker training that small businesses incur before they open) to $50,000.
What does Kamala Harris want to do with corporate taxes?
Vice President Kamala Harris speaks during a campaign event in Detroit on Monday, Sept. 2, 2024. (Emily Elkonin/Bloomberg via Getty Images)
This proposal will provide new businesses more flexibility in deciding when they can claim larger deductions, which could benefit them greatly.
“The Vice President’s plan will dramatically increase support for Americans starting small businesses and reduce unnecessary red tape,” the Harris campaign said.
When it comes to this, Harris and Trump have very different views. Trade tax. The vice president last month proposed raising the tax rate paid by major companies from 21% to 28%, calling it “a fiscally responsible way to put money back in the pockets of working people, and make sure billionaires and big corporations pay their fair share.”
This state could decide whether Harris or Trump wins the presidential election
His step is in line with this. President Biden, The budget proposal in March also proposed setting the corporate tax rate at 28%. If implemented, this would be a major change from the 2017 budget proposal. Tax deductionsThis is a significant domestic law passed during the Trump administration, which reduced the corporate tax rate from 35% to 21%.
In his race to return to the White House, Trump has called for lowering the corporate tax rate to 15%.
Republican presidential candidate former President Donald Trump speaks during a rally at the Cambria County War Memorial’s First Summit Arena on Friday, August 30, 2024, in Johnstown, Pennsylvania. (AP Photo/Rebecca Droke)
Harris’ stay new Hampshire It’s his first trip since 2021, and it’s a break from his travels since replacing Biden at the top of the Democrats’ national ticket six and a half weeks ago, which have included visits to seven key battleground states (Pennsylvania, Michigan, Wisconsin, Georgia, North Carolina, Arizona and Nevada) that decided the 2020 presidential election and will likely determine the winner of the 2024 contest.
Although New Hampshire remains a very competitive general election state, it has been 24 years since a Republican won the state’s four electoral votes, when then-Texas Governor George W. Bush won the state in the 2000 White House election.
Trump lost New Hampshire eight years ago by a narrow margin to 2016 Democratic presidential nominee Hillary Clinton, but four years ago, he lost New Hampshire to Biden by seven points.
Fast forward four years, Biden had a slight lead over Trump in opinion polls in the Granite State, but he fared poorly in a late June debate against his White House predecessor. After that debate, polls indicated a margin-of-error race in New Hampshire.
Vice President Kamala Harris and former President Donald Trump. (Getty Images)
However, Harris has enjoyed a wave of momentum and energy since taking over from Biden, and the latest polling in New Hampshire shows the vice president holding a single-digit lead over the former president.
“The vice president will not take any vote for granted, and by coming to New Hampshire she wants to make sure that everyone hears her message and casts their vote for her,” Ray Buckley, the longtime chairman of the New Hampshire Democratic Party, told Fox News.
Ahead of Harris’s visit, the Trump campaign stressed that ,President Trump’s campaign is maintaining a grassroots presence in New Hampshire, including staff and offices, while Kamala Harris is parachuting in because she knows there’s a game at play in the Granite State.”
In reality, the Harris campaign and the Democrats have 17 campaign offices in the Granite State and have a substantial lead over the Trump campaign and Republicans in the state.
Trump alleged on social media on the eve of Harris’ visit that the vice president “sees there are problems for her campaign in New Hampshire because she disrespected it in her primary and never came.”
Republican presidential nominee former President Donald Trump delivers a speech with supporters, campaign staff and family members during his primary night rally at the Sheraton on January 23, 2024 in Nashua, New Hampshire. (Alex Wong/Getty Images)
He also criticized Harris for two of New Hampshire’s biggest issues: inflation and housing prices. “The cost of living in New Hampshire is skyrocketing, their energy bills are the highest in the country, and their housing market is the most expensive in history,” Trump argued.
Biden takes charge of the campaign for the first time with Harris after ending his re-election bid
The former president’s claim that Harris has “disrespected” New Hampshire points to moves made in late 2022 and early last year by the Democratic National Committee — under the leadership of Joe Biden — to remove New Hampshire from its traditional role as the first presidential primary state in the nation.
New Hampshire did the same, following state law that requires the presidential primary to be held first — meaning that the state’s January 23 nominating contest was unauthorized on the Democratic side.
A sign outside the state capital building in Concord, New Hampshire, highlights the state’s important position in holding presidential primaries for the past century. (Fox News – Paul Steinhauser)
Biden had taken his name off the ballot and both he and Harris stayed away from the state, but thanks to a well-organized write-in effort by leaders of New Hampshire’s Democratic establishment, the president easily won the primary over his longtime challengers.
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The president returned to New Hampshire in March after clinching the Democratic nomination, a visit that was viewed across the political spectrum as a peace offering to Granite State residents.
Republicans made no changes to New Hampshire’s lead in their presidential nominating calendar.
Trump, who has not visited New Hampshire since winning the GOP primary on Jan. 23, said in a social media post, “I have defended New Hampshire’s First in the Nation Primary and always will!”
Additionally, in an interview on “Good Morning New Hampshire with Jack Heath” on Wednesday morning, when Trump was asked if he would return to the state before Election Day, he said, “Oh yes, I’ll be there — it’s a very important place to me.”
