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Democratic presidential candidate Kamala Harris is set to visit New Hampshire this Wednesday to introduce a significant tax incentive for new small businesses, aiming to attract independent voters and Republicans who are skeptical of former President Donald Trump. Harris will announce a $50,000 tax deduction for new small enterprises in North Hampton, highlighting the role of small businesses in job creation, with data showing they’ve generated 70% of new U.S. jobs since 2019.

With a focus on New Hampshire’s 330,000 registered independents—who outnumber both Democrats and Republicans in the state—Harris’s campaign is keen on leveraging her lead of four to six percentage points over Trump, according to recent polls.

Trump’s campaign refutes claims of conceding New Hampshire, emphasizing their active campaign efforts in the state. Trump’s spokesperson, Karoline Leavitt, criticized Harris’s economic policies, blaming her for high energy prices and inflation, and lower business optimism.

During her visit, Harris will speak at a local brewery, accompanied by officials and a leader from the “Republicans for Harris” group. New Hampshire has predominantly supported Democrats in presidential elections since 1992, with the exception of George W. Bush in 2000. Biden won the state by seven points in 2020.

The Harris campaign describes the tax deduction as part of a broader strategy to reduce living costs for Americans, enhance affordable housing, and lower prescription drug prices. This new tax deduction represents a significant increase from current incentives for starting small businesses, which typically cost around $40,000.

The Treasury reported a surge in new business applications, with an average of 430,000 per month in 2024, marking a 50% increase from 2019. Additionally, recent data indicates that annual inflation dropped to below 3% in July for the first time in nearly three and a half years.