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Kamala Harris: “Right now, the tax deduction bill for a startup, $5,000 in…”

Featuring: Kamala Harris, Democrat | Former Vice President of the United States | National

Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies

Published February 5, 2025 | Video Starts at 26:09

It doesn't end there. My plan is actually about strengthening America's economy, not just netting zero. My plan is about doing what we can do for small businesses and startups. 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. (26:09–26:23)

CLAIM

Asserts a plan to increase the startup tax deduction from $5,000 to $50,000.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Kamala Harris

“1200 people were massacred [on October 7th], young people at a festival, at a music festival, 250 hostages were taken, including Americans.”
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“The aid that we have given Israel allowed Israel to defend itself against 200 ballistic missiles.”
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“I will not end fracking. I did not as Vice President, in fact, as Vice President of the United States, I cast the decisive vote. I broke the…”
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“I cast the tie breaking vote in the United States Congress that has now allowed us to cap the cost of insulin for seniors at $35 a month.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 18:14-18:24
“We now have historic low unemployment in America among all groups of people.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 21:20-21:26
“We have created over 16 million new jobs as a whole.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 21:39-21:44
“Sixteen Nobel Laureates, Moody's, others have determined, after reviewing what Donald Trump is proposing, that he would induce inflation…”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 23:57-24:15
“Trump's approach in this election, he is advocating what is at least a 20% tariff across the board on everyday necessities and goods, which…”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 30:58-31:20
“The numbers today, because of what we have done, we have cut the flow of illegal immigration by half.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 35:27-35:36
“Women were brutally raped [on October 7th].”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 05:14-05:17
“Israel has a right to defend itself.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 05:20-05:24
“Far too many innocent Palestinians have been killed.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 05:33-05:36
“We have got to get a hostage deal and a ceasefire deal done.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 05:48-05:55
“We have to get aid in.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 05:56-05:58
“We have to lay the path toward a two-state solution.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 05:58-06:03
“Put US resources into everything we can do diplomatically and otherwise, to de escalate what is happening in the region.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 06:17-06:25
“We are not going to stop pursuing what is necessary for the United States to be clear about where we stand on the need for this war to end.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 09:10-09:19
“We are going to do what is important to support whatever leadership is in Israel that is defending the security of the state of Israel.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 09:47-10:00
“Even though we've achieved a lot of success, prices are still too high.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 11:19-11:23
“America deserves a leader who works on behalf of all Americans and understands the importance of knowing that the vast majority of us have…”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 12:41-12:56
“My career and my work has always been about being grounded in common sense approaches to getting things done.”
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“We just had that conversation that includes understanding and respecting the power and the strength of the United States of America and our…”
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“The work that I have been a part of and helped lead about capping the cost of prescription medication for our seniors at $2,000 a year.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 18:24-18:32
“Finally to allow Medicare to negotiate drug prices on behalf of the American people.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 18:48-18:55
“Under our leadership the United States of America has recovered and is stronger than any other so called developed nation in the world.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 20:50-20:59
“We have created almost 88,000 new manufacturing jobs.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 21:34-21:39
“Part of my plan is to put the resources into partnering with builders and developers to create incentives for them to build 3 million new…”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 22:39-22:52
“My plan includes giving first time home buyers a $25,000 down payment assistance.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 22:53-23:00
“Small businesses are part of the backbone of America's economy.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 24:28-24:32
“I'm going to make sure that the richest among us who can afford it pay their fair share in taxes.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 24:39-24:46
“It is not right that teachers and nurses and firefighters are paying a higher tax rate than billionaires and the biggest corporations.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 25:00-25:11
“My plan is about what we need to do. Yes, expand the child tax credit.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 26:23-26:29
“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…”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 26:29-26:45
“The Trump tax cuts blew up our federal deficit.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 27:17-27:23
“I am supported by over 200 former members of Mitt Romney, Romney, John McCain, both President Bush, and even former President Trump's teams.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 29:30-29:46
“The first bill we proposed to Congress was to fix our broken immigration system, knowing that if you want to actually fix it, we need…”
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“A bipartisan group of members of the United States Senate, including one of the most conservative members of the United States Senate, got…”
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“That border security bill would have put 1500 more agents at the border, which is why the Border Patrol union supported it.”
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“We need more asylum judges. We need more processing of people who are coming to our border, and the resources aren't there.”
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“Congress has to act.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 36:19-36:22
“The first thing we did was to offer a comprehensive solution to create a pathway for citizenship and for people to earn it.”
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“President Biden made a decision that I think history is going to show is rare among leaders, which was to put country before self.”
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“I am honored to have received the support and endorsement of over 200 Republicans who served in the last three Republican presidential…”
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“Someone who has been convicted of 34 felonies, who tried to overturn the free and fair election which was the will of the people on January…”
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“Iran has American blood on their hands.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 47:03-47:06
“What we need to do to ensure that Iran never achieves the ability to be a nuclear power. That is one of my highest priorities.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 47:14-47:26
“I have actually worked very closely with the leaders in the Philippines on just this very issue and including the work that we are doing in…”
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“We must win the competition for the 21st century with China.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 48:16-48:20
“We need to make sure that we maintain a one China policy. But that includes supporting Taiwan's ability to defend itself, including what we…”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 48:45-49:01
“We must be able to also, as it relates to China, continue to do the work, work that we have begun to deal with the flow of fentanyl coming…”
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“We need to make sure we have open lines of communication with China, in particular, military to military.”
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“There will be no success in ending that war without Ukraine and the UN Charter participating in what that success looks like.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 50:12-50:21
“America must stand firm in being a leader in defending international rules and norms that include one of the most important, which is the…”
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“Not bilaterally, without Ukraine. No. Ukraine must have a say in the future of Ukraine.”
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“Right now, we are supporting Ukraine's ability to defend itself against Russia's unprovoked aggression.”
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“We are going to continue to work closely with our NATO allies to continue to reinforce America's alliance.”
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“Donald Trump would pull us out of NATO.”
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“Donald Trump, if he were President Putin, would be sitting in Kiev right now.”
Kamala Harris Discusses Middle East Conflict, Presidential Ambitions, and Economic Policies | Uploaded February 5, 2025 | 52:02-52:08
“Achieving peace and an end to this war is not synonymous with surrender.”
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