TY for sharing!

Can we please have real oversight of the money expended, refusal of any kind of entry visa for non-residents who seek to apply using false addresses, and vicious penalties for fraud?

Far too much was stolen during the pandemic giveaways. Let's learn from that, and build necessary corrections into developing plans.

(Added on edit)
In California alone $31B+ was lost in one government program:
https://abc7news.com/california-edd-unemployment-fraud-ca-scam-insurance/10011810/

...it's not a pandemic-style emergency assistance.

It's an expansion of existing SBA efforts to help people start small businesses. An application isn't a guarantee. There will be standards to be met.

The current expense deduction for start-up costs in the first year is $5,000. VP Harris proposes expanding the tax deduction for start-ups to $50,000,

And make sure they are robust.

...that's really not a disincentive for the expansion of this program.

The fraud you're talking about occurs mostly in disaster programs, not targeted, agency-managed SBA loans they've been administering for decades.

Nor is this some kind of new challenge for the IRS who would be approving any tax incentive.

You've really come on with a lot of caution and no proof that anything in this proposal has any of the problems you describe.

I'm not able to defend against every hypothetical you can come up with. Certainly not comparing SBA loans and other tax incentives for business start-ups to pandemic-era emergency assistance to businesses.

I am merely advocating caution.

Since the very basis of this program is to create new businesses, I'm advocating a higher degree of oversight since there is, by definition, no history to rely on. None for the business itself, and probably, very little for its principals. And we all know that a very high percentage of new businesses fail.

This amount of money is sure to give rise to novel schemes. Let's not leave the taxpayer holding the bag again due to lax lawmaking.

...these actions will help create a boom in employment, business ownership, and innovation which will help our economy grow immeasurably beyond what we've experienced so far, even from the ephemeral tech boom.

Consider that we've seen a collapse in the numbers of small businesses, many in the aftermath of the pandemic, centralizing dollars in big, corporate enterprises and taking money out of the economy for CEO profit taking.

Many small startups fail because of the immense costs. This is a logical step toward supporting much needed economic development which is historically beneficial to the wider economy.

Instead of just focusing on the well-recognized fact that milk sours if left out, let's not neglect to advertise the innumerable benefits for the majority of folks who refrigerate it properly, as well.