U.S. Sen. Tammy Baldwin on Tuesday joined Sen. Jacky Rosen and Sen. Jeanne Shaheen to introduce the Tax Relief for New Businesses Act, legislation to provide a tax break to entrepreneurs looking to start a small business and reduce barriers for startups. The bill would increase the startup tax deduction to $50,000 and allow businesses to write off more expenses to compensate for the increasing cost of starting a business.
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