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.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »