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Kamala Crushes Trump in Key Metrics in Post-Debate Poll
(www.thedailybeast.com)
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this post was submitted on 13 Sep 2024
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Well, one potential psychological flaw in her $50k small business tax credit is that it's only for new small businesses to go towards startup costs.
Existing small businesses that may be struggling can look at that and only see her making it easier for their future competition to get rolling. It's a net negative for them.
Just about the only people that are going to look at that tax credit and see how it benefits them are people that are already looking into starting a small business and the main thing holding them back is the startup costs. That's probably not a lot of voters.
Most voters don't have a business and never will.
The value of a net new business is that it creates more jobs and economic activity.
Most people benefit from more jobs to either work at or drive up labor demand.
Per that school of economic thought, incentivizing a new business adds more activity to the market and more opportunity for people to find ways to innovate, provide value and become profitable.
Giving money to an existing struggling business is subsidizing a businesses that's already demonstrated that it's not working.
However, we're both putting too much into it. The goal is to say $50k for small business, because people like a business friendly atmosphere.
Trump gets credit for giving tax cuts to businesses for stock buyback, which only helps investors. The goal is to court people who want pro business policies without literal handouts to corporations.
All true. My point is that if they're polling current small business owners asking if she is business friendly, they might likely say no, because her plans aren't directly friendly to their specific company.