Right now, the tax deduction bill for a startup, $5,000 in 2024, nary a person going to be able to start a small business with $5,000. So I'm going to extend it to $50,000. My plan is about what we need to do. Yes, expand the child tax credit. Because for young families for the first year of their child's life, $6,000 allows them to buy a crib, a car seat, and just be able to not just get by, but get ahead for that most critical stage of their child's development. (26:23–26:29)
CLAIM
Asserts a plan to expand the child tax credit.
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