Vice President Kamala Harris is proposing a tenfold increase in federal tax incentives for small business expenses, from $5,000 to $50,000, as part of a campaign trail pitch in New Hampshire Wednesday.The plan would need congressional approval but hopes to help spur 25 million new small business applications over the term of a possible presidency.The campaign says small businesses can wait until they turn their first profit to claim the deduction and maximize their tax break. Harris also wants a standard deduction for small businesses to make it easier to file taxes.Other parts of the plan would help small businesses cover interest on loans and loosen restrictions on occupational licenses so people can work across state lines.The Harris campaign says the plan could help cover the cost of starting a business, which averages $40,000.It rides on already promising growth for small businesses.The Treasury Department says it's receiving 430,000 new business applications per month, marking a 50% increase over 2019. Small businesses also created 70% of new jobs over the past five years.The Trump campaign did not respond to a request for comment on Harris' proposal, but in a social media post, the former president blamed Harris for a high cost of living in New Hampshire.GOP presidential nominee Donald Trump will take part in a televised town hall in Pennsylvania Wednesday night.