This weekend, Mark Cuban, billionaire and investor made a bold statement about Vice President Kamala Harris, saying he would campaign against her if she supports a tax on unrealized capital gains. These comments were made during an interview on CNBC’s Squawk Box, where the investor expressed his concerns about such policies under a Harris-led administration.
.@mcuban said this weekend that @VP would not tax unrealized capital gains, and if she does, he would campaign against her. “I can pick out probably 10 things where you would say, yeah I’d campaign against her. So what do you like?” about Harris, asks @JoeSquawk: pic.twitter.com/VCv5p2pvcd
— Squawk Box (@SquawkCNBC) October 21, 2024
Mark Cuban’s Firm Stance Against Wealth Tax Proposals
During the interview with Joe Kernen, the billionaire highlighted his opposition against imposing tax on unrealized capital gains – assets that have increased in value but have not been sold. Cuban rebelled stating, “If she does, I would campaign against her.” He also pointed out that her ideologies and policies would significantly impact business and investments and could hinder economic growth and innovation.
Cuban’s Disagreement on More than One Front
Mark Cuban then proceeds and expresses that his disagreements with Harris are just not limited to taxes. He states “I can pick out probably 10 things where would say, yeah I’d campaign against her.”, indicating more than one policy conflicts with the Vice President. Kernen then tried to get Cuban to agree on atleast one policy that Kamala Harris supports but all Cuban could think was the disagreements.
As the 2024 election draws nearer, Cuban’s vocal stance suggests he may become more involved in the political arena, particularly if wealth taxation becomes a prominent issue in the campaign.