Baldwin Introduces Bill to Give Small Businesses, Entrepreneurs $50,000 Tax Break
September 26, 2024
September 26, 2024
WASHINGTON, Sept. 26 -- Sen. Tammy Baldwin, D-Wisconsin, issued the following news release:
Senator Tammy Baldwin (D-WI) introduced legislation to provide tax relief to entrepreneurs looking to start a small business and reduce barriers for startups. The Tax Relief for New Businesses Act would increase the startup tax deduction from $5,000 to $50,000 and allow businesses to write off more expenses to compensate for the increasing cost of starting a business. Currently, small busines . . .
Senator Tammy Baldwin (D-WI) introduced legislation to provide tax relief to entrepreneurs looking to start a small business and reduce barriers for startups. The Tax Relief for New Businesses Act would increase the startup tax deduction from $5,000 to $50,000 and allow businesses to write off more expenses to compensate for the increasing cost of starting a business. Currently, small busines . . .