There's also going to be if you're starting a small business and this is very important to our AAPI community because many of us are small business owners just like I am. And There's going to be $50,000 credit [for starting a small business]. Now it's 5,000. It is going up to 50,000. for you to start a small business and you can write off the first 50,000. So for maybe the first year you won't pay any taxes if you only make 50,000 gross. (08:54–09:03)
CLAIM
Asserts that a proposed policy will increase the small business start-up credit 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.
