Hillary Clinton has proposed a number of policies that she said will make the wealthy and large corporations pay their "fair share," of the nation's tax burden, but she is also proposing a raft of tax benefits for small businesses.
The Democratic presidential candidate "knows that small businesses are the engine of the American economy — creating nearly two-thirds of new American jobs, fueling U.S. innovation, and offering crucial ladders to prosperity for hardworking entrepreneurs and families," declares her website.
The former secretary of state is proposing doubling the amount of capital expenses that small businesses can deduct from their taxes, from $500,000 to $1 million. And she is proposing quadrupling the deduction they can take for start-up costs, from $5,000 to $20,000.
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