WASHINGTON - U.S. small business startup applications are surging this year with sentiment improving in the sector after a rocky post-pandemic period as inflation eases, a U.S. Treasury report showed on Tuesday.
Harris will announce her plan for a small business tax deduction of up to $50,000 for startups on Wednesday in New Hampshire, a campaign official said. The current deduction limit is for $5,000 in startup costs, but the average cost to start a business is $40,000, the official added. The Treasury analysis shows that several small business sentiment measures have improved in recent months as inflation has subsided. The monthly Small Business Optimism Index, based on a survey of National Federation of Independent Business member firms, has been trending downward since 2018, but this year has rebounded to its highest level since February 2022.A similar U.S.
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