Kevin Hassett, a former senior adviser to former President Donald Trump and chairman of the Council of Economic Advisers, said this week that Vice President Kamala Harris stole another proposed economic policy from the Republican presidential nominee.
Hassett said during an interview on PBS’ “Firing Line” with Margaret Hoover that Harris’ proposed $50,000 small business tax credit was actually something that she was against when Trump was in office and he proposed increasing the tax credit.
“So that policy, the small business deduction, it’s $5,000 in the law now,” he said. “And in 2018, President Trump and the Republicans wanted to expand the deduction to $20,000. It actually passed the House with very little Democratic support. And so, you know, Republicans are on the record as saying that there should be a bigger deduction for the start of a small business. And so this is an example of her reaching into Donald Trump’s playbook and taking one of his policies.”
“Expanding the deduction for startup business is a good idea. And it’s something that Republicans tried to do in 2018, but the Democrats were opposed to it,” he continued. “And so, it’s something that she was opposed to before she was for it. And so you could say, well, is she really for it now? Or, you know, could she explain why she changed her mind?”
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He added that it was not clear at all what her economic agenda was, but that a lot of what she has proposed is “very extreme.”
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