October 6, 2024 - Kamala Harris Plan to Support Small Business Owners and Entrepreneurs

Democrat Presidential Nominee Kamala Harris

Democrats Presidential Nominee: “Our campaign is about who we are as Americans—and making clear that we stand for freedom, independence, and dignity. When small business thrives, our communities thrive.” Madam Vice President Kamala Harris

Kamala Harris’ Expanded Economic Policy Plan

Opportunities to turn a good idea into a new small business should not be limited to those with connections to big banks or to those in just a few big cities that have traditionally attracted venture capital dollars. That’s why Vice President Harris has been fighting to support small businesses in middle America, rural areas, and under-served communities across the country.

Vice President Harris and Governor Walz believe in the hope that every small business inspires and will help these enterprises get off the ground and drive American prosperity and growth. They will lift up small businesses and entrepreneurs, promote innovation, boost growth, and build wealth for the middle class.

Vice President Harris and Governor Walz will create an Opportunity Economy where everyone has a chance to compete and a chance to succeed—from buying a home to starting a business and building wealth. They will bring together workers, community leaders, unions, small business owners, entrepreneurs, and great American companies to remove barriers to opportunity, revitalize communities, create jobs, grow our economy, and propel our industries into the future—in rural areas, small towns, suburbs, and big cities.

Vice President Harris and Governor Walz know that small businesses—neighborhood shops, high-tech startups, small manufacturers, and more—are the engines of our economy. As part of their agenda, they have put forward a plan to help small businesses and entrepreneurs innovate and grow.

View the Full Policy Plan: A New Way Forward for the Middle Class: A Plan to Lower Costs and Create an Opportunity Economy

September 25, 2024: Kamala Harris’ Speech to The Economic Club of Pittsburgh, Pennsylvania (YouTube)

Vice President Harris will crack down on pharmaceutical companies that block competition and abusive practices by pharmaceutical middlemen who squeeze small pharmacies’ profits and raise costs for consumers.

A Harris-Walz Administration will fight to protect American consumers. They will continue to take on the everyday hassles that waste Americans’ time and money, whether these be subscriptions, insurance claims, or other types of customer service doom loops and dead ends. They will also continue the work to eliminate junk fees and ensure their disclosure, and robustly address scams of all kinds from robocalls and texts to financial fraud, particularly those that target seniors.

Kamala Harris’ Plan to Lower Food and Grocery Costs

Americans across the country have been struggling with rising prices at the grocery store, leaving families’ budgets pinched even as corporate profits have increased. Vice President Harris and Governor Walz have a plan to bring down Americans’ grocery costs.

In addition, she will support giving small businesses, grocers, and growers the resources to compete, reinjecting competition back into our food markets and lowering costs for Americans. This includes proposing more funding and support for new small businesses that can grow into competitors. This will build on the billions in assistance this Administration has already provided to small producers, processors, distributors, family farms, and food and farm workers to compete with large conglomerates.

Meanwhile, Donald Trump has no plan to lower costs for Americans—in fact, under his agenda, prices for a typical American family would soar by nearly $4,000 annually.

My plan will cut taxes for more than 100 million Americans. pic.twitter.com/I3Yk4q6z9z
— Kamala Harris (@KamalaHarris) September 25, 2024

Kamala Harris: “In this election, we have an opportunity to make our middle class the engine of America’s prosperity, build a stronger economy where everyone has a chance to pursue their dreams and aspirations, and ensure the United States continues to out-innovate and out-compete the world. When I’m President, we will double the number of registered apprenticeships.”

It’s time to finally turn the page on Trump and chart a New Way Forward—one in which Americans have the opportunity to create a better life and future for themselves and their families. Vice President Harris will be a President for all Americans, a President who unites us around our highest aspirations, and a President who always fights for the American people. When Democrats Vote, We Win. https://iwillvote.com.

Small Businesses

Small businesses are vital to the U.S. economy. The Small Business Administration’s Office of Advocacy says small businesses constitute 99.9% of U.S. businesses overall. Together, they account for 43.5% of the country’s gross domestic product and 39.4% of private-sector payrolls. Small businesses also accounted for 62.7% of net new job creation from 1995 to 2023, according to the SBA.

Government Contracting—As the SBA points out, “The U.S. Government is the largest customer in the world. It buys all types of products and services—in both large and small quantities—and it’s required by law to consider buying from small businesses.”

Kamala Harris: “Our Harris-Walz administration will expand federal contract opportunities for rural and under-served small businesses. Our opportunity will work for all Americans. At least one-third of federal contract dollars will go to small businesses.”

Democrat Presidential Nominee Kamala Harris & VP Nominee/Governor Tim Walz

Kamala Harris Opportunity Economy Plan

During her campaign rallies, Vice President Kamala Harris speaks to supporters about her economic policy agenda. Her talk focuses on supporting the middle class and bringing down costs.

“As President, I’ll work to pass the first-ever federal ban on price gouging on food. My plan will include new penalties for companies that exploit crises and break the rules. And we will support smaller food businesses that are trying to play by the rules and get ahead.

Kamala Harris Makes a Stop at Penzeys Spice

I’m building an economy where everyone can compete and have a real chance to succeed. Where everyone, regardless of who they are or where they start, has an opportunity to build wealth for themselves and their children.”

Vice President Harris and Governor Walz are also focused on removing barriers that unnecessarily hold businesses back. Many regulations are essential to fairness, stability, and safety, but too many businesses cannot recruit the workers they need, set up their shop, or expand their companies across states because of outdated or patchwork regulations. A Harris-Walz Administration will address that by:

Making It Easier for the Smallest Businesses to File Taxes

Around one in three small business owners spend over a week filing taxes, and two in three spend at least $1,000 each year to do so. A Harris-Walz Administration will work to develop a standard deduction in the tax code—like the one available to individual filers—that can save small businesses time and money by simplifying filing and giving entrepreneurs peace of mind that they are tax compliant.

Harris-Walz Plan to Cut Red Tape for Small Businesses

Kamala Harris: “We are an optimistic people. Americans, by character, are people who have dreams and ambitions and aspirations. We believe in what is possible. We believe in what can be, and we believe in fighting for that.”

In order to grow America’s economy, we must invest in workers, we must invest in families, we must invest in institutions, and we must invest in our small businesses.

Small businesses are the backbone of our communities. “In order to grow America’s economy, we must invest in workers, we must invest in families, we must invest in institutions and we must invest in our businesses. Our small businesses are part of the fabric and culture of our communities. Our small business leaders are not just business leaders. They are civic leaders. They are community leaders. They hire locally. They mentor. They inspire. And when we talk about the strength of our nation, all of those attributes are a part of growing our strength. Together, we will continue our work to advance economic opportunity and build an economy where every American can thrive.

One of my favorite things about VP Harris is when she stops by a small business to show some support. No matter where she is or what she is doing, she will always take time to do that.

VP Kamala Harris Supports Small Businesses Everywhere She Goes

Kamala Harris Orders Take Out from a Phoenix Restaurant

This Phoenix restaurant owner is still smiling. Zapata said she wasn’t expecting the meaningful conversation she had with Harris.

Vice President Kamala Harris: “Small business owners and entrepreneurs are not just business leaders. They are civic leaders, community leaders, mentors, and inspirations.”

Kamala Harris Takes the Time to Talk to Small Business Owners

Donald Trump intends to cut off federal programs that give loans to small businesses. Trump’s anti-growth Project 2025 Agenda would raise costs on essentials for families and small businesses.

“As President, I will create an opportunity economy that invests in hard-working Americans—new families, our seniors, and small businesses who deserve a break with a lower cost of living.”

Kamala Harris’ Plan to Lower Costs for Families as President

VP Kamala Harris: “As President, I will bring together labor & workers & small business owners & entrepreneurs & American companies to create jobs, to grow our economy & to lower the cost of everyday needs.” A New Way Forward. Build an Opportunity Economy & Lower Costs for Families. View Kamala Harris’ Policy Plans.

Kamala Harris Interacts with Customers at Local Businesses

“As President, I will always honor tribal sovereignty, respect tribal self-determination, and fight for a future where every Native person can realize their aspirations.”

While Trump and Project 2025 plan to strip our freedoms and limit tribal sovereignty, Harris-Walz will make tribal nations across this country communities of prosperity and opportunity.

Tribal Nations Support the Harris-Walz Campaign

VP Kamala Harris: “From the Courthouse to the White House, I have always fought for the people. I will be a President for ALL Americans. And together, we will build a brighter future for our nation.”

Kamala Harris will be a President for ALL Americans

What is a Small Business?

The criteria for what’s considered small can vary from one industry to another. According to the U.S. Small Business Administration (SBA), there are more than 33 million small businesses in the country today, employing close to 62 million Americans.

Harris-Walz Plan for Small Businesses and Entrepreneurs

VP Kamala Harris: “Small business owners need the confidence, capital, and security to get off the ground. Our plan will help them do it. The Harris-Walz Plan will help entrepreneurs get their ideas off the ground with a 10X Expansion in Tax Deductions for startup expenses from $5,000 to $50,000.”

While Campaigning, Kamala Harris Makes Purchases from Small Businesses

In 2023, close to 82% of small businesses in the U.S. were one-person operations (SBA). Under the SBA’s official standards, a small business can have as many as 1,500 employees. For example, a fruit and vegetable wholesaler can have no more than 100 employees and can be considered small, while an aircraft manufacturer can have as many as 1,500, the maximum.

Kamala Engages with Young Voters at a Family-Owned Small Business Restaurant

Kamala Harris: “As President, one of my highest priorities will be to support small businesses. Small businesses in our country employ half of all private sector workers—generating revenue that helps repair our roads and pay our teachers. They are part of the glue that holds our communities together.”

One of Kamala Harris’ Highest Priorities is Continuing to Support Small Businesses

VP Kamala Harris: “America has a record small business growth. We are the engine of the U.S. economy. I fight every day for America’s small businesses, their owners and entrepreneurs, and the workers who power them. We are building an economy where every person in our nation has the opportunity to thrive. As I told workers in Detroit, these are not only our accomplishments but yours—it is the result of your drive, creativity, and power.”

Local Business Owner Excited to Have VP Kamala Harris Stop & Shop

Kamala Harris is committed to building an opportunity economy that supports the middle class including capping childcare expenses at 7% of income and raising the minimum wage. This will alleviate financial burdens and promote economic stability for working families.

Kamala Harris’ Plan to Cap Childcare Expenses

Mark Cuban, Entrepreneur & Investor: “Kamala Harris is pro-business. She’s talked more about entrepreneurs and helping them have access to investment than any president that I’ve ever heard.”

Former President Barack Obama: “As Kamala Harris said, small businesses are the essential fabric of our communities. And she laid out some smart ways to help support our entrepreneurs. Just like she did as Vice President, Kamala will strengthen small businesses all across the country, including in communities that have too often been overlooked.”

“Kamala Harris and House Democrats will… Protect Social Security. Protect Medicare. Protect Medicaid. Protect the Affordable Care Act. Protect working families. Protect small businesses. Protect the middle class. Protect free enterprise. Protect children. Protect seniors. Protect veterans. Protect unions. Protect Dreamers. Protect a women’s right to choose.” House Democrat Leader Hakeem Jefferies

The American people want a Leader who gives us Inspiration & Hope. Kamala Harris & Tim Walz connects with ALL people. Trump said, “I don’t care about you. I just want your vote.” We Deserve Better.

Let’s mobilize, organize & take action to Support https://kamalaharris.com for President. Your voice matters, so let’s make history with hope and unity.

Kamala Harris for President: When We Vote, We Win!

VP Kamala Harris: “True patriotism means fighting to make our nation better for each generation. This November, we will come together and declare with one voice, as one people: we are moving forward.”

This race for president is still neck and neck. The Harris-Walz campaign needs YOU to Help out to make sure we win.

It’s Time to Move Forward, Not Backward. Let’s Do Something: Volunteer and Take Action.

Democrat Presidential Nominee Kamala Harris: “In this election, we each face a question: What kind of country do we want to live in? A country of chaos, fear, and hate? Or one of freedom, compassion, and rule of law? Each of us has the power to answer that question with our vote.”

Donald Trump Lost the 2020 Election. Let’s Win Again!

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