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Yesterday, Vice President Kamala Harris announced a series of proposals to help entrepreneurs create small businesses. Like President Joe Biden, she and her running mate, Minnesota governor Tim Walz, argue that small businesses and entrepreneurs are the “engines of our economy.” In a statement today, they noted that “small businesses employ half of all private-sector workers in America—creating 70 percent of net new jobs since 2019—and do trillions of dollars of business every year.”

The Biden administration has boasted of the record number of new businesses created since Biden and Harris took office. There have been 19 million new business applications in that time. Harris said she and Walz are setting a goal of 25 million new business applications in their first term. Their plan, they say, is to “kickstart…more young, small, and innovative firms.”

To make this happen, they propose raising the deduction for startup expenses from its current level of $5,000 to $50,000, noting that the average amount a new business spends to get set up in its first year of operation is $40,000. They also propose funding a network of new and existing “federal, state, local, and private incubators and small business innovation hubs” that will make it easier for small business and local suppliers to get technical assistance, funding, customers, and so on.

In her statement about economic policy, Harris called out Trump for supporting “himself and the biggest corporations” and noted that sixteen Nobel laureates have said that Trump’s policies would ignite inflation and trigger a recession by mid-2025. That recession, economists project, would cost more than 3 million jobs, explode the deficit, and raise costs. Harris pointed out that Project 2025 would cut funding for the Small Business Administration and make it harder for small businesses to get access to money.

Kamala Harris backs President Biden's 44.6% capital gains tax proposal, the highest in history. The proposal also includes a 25% tax on unrealized gains for high-net-worth individuals. - x.com/watcherguru/status/1825969543459778766?s=61

Google was found last week to have violated antitrust law by illegally maintaining a monopoly in internet search. Now discussions over how to fix those violations have begun.

Justice Department officials are considering what remedies to ask a federal judge to order against the search giant, said three people with knowledge of the deliberations involving the agency and state attorneys general who helped to bring the case. They are discussing various proposals, including breaking off parts of Google, such as its Chrome browser or Android smartphone operating system, two of the people said.

Other scenarios under consideration include forcing Google to make its data available to rivals, or mandating that it abandon deals that made its search engine the default option on devices like the iPhone, said the people, who declined to be identified because the process is confidential. The government is meeting with other companies and experts to discuss their proposals for limiting Google’s power, the people said.

The deliberations are in their early stages. Judge Amit P. Mehta of U. S. District Court for the District of Columbia has asked the

Google’s competitors and other critics have proposed — either publicly or in discussions with the government — several options for how Judge Mehta should rein in the company.

The most extreme is for Google to split off a substantial part of its business. That could mean the company would have to spin off Chrome, its web browser, or Android, its software for smartphones. Both of those products use Google as the automatic search engine, which helps fuel the company’s dominance, Judge Mehta said.

The government is also considering asking for Google to have to divest a tool that runs text ads in search, the two people with knowledge of the deliberations said.