“Shark Tank” star Mark Cuban spoke to CNBC in a phone interview Thursday, citing Vice President Kamala Harris' recent campaign proposals on tax policy and asserting that she is a moderate.
Harris unveiled tax policy proposals during a speech in New Hampshire on Wednesday, including scaling back the capital gains tax increase, CNN reported. ReportedCuban, who is part-owner of the NBA's Dallas Mavericks, said Harris was trying to show respect for President Joe Biden and would not “directly” contradict Biden's proposal. (RELATED: 'It's not the right way to do it': Harris rep criticizes tax proposal she supports on CNBC)
“Kamala Harris is pro-business,” Cuban said in a phone interview with Aaron Ross Sorkin. “This is the Kamala Harris campaign. It's not Joe Biden's campaign. Kamala Harris is not Joe Biden. They're completely different. She's — and again, this is my perspective — trying to be very respectful of the president and everything he's proposed, trying not to directly contradict the president in any way. She especially talks about taxation, and she skirts around that subject, but she's 100 percent centrist.”
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Mark Cuban claims Kamala Harris will be 'centrist' on tax proposals pic.twitter.com/2tREmVMub0
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“If you read the transcript of her speech yesterday, she talks more about entrepreneurs, about helping them access investment, about making it easier for people to invest in startups, than any president I've ever had who's talked about startups or entrepreneurs,” Cuban continued. “And literally, she's listening. This isn't just her policy coming out and saying, 'Mark, whoever it is, let's hope this works.' She's saying, 'List the things that you think we should talk about. You're an entrepreneur and you've invested in more startups than anyone I know. What do you think we should do, and how do you think we can increase investment and the number of startups?'”
Harris supports a 25% tax rate on unrealized capital gains over $100 million, which is similar to a proposal made by Biden at the White House on March 11. Fact Sheet, According to Harris would also raise the top corporate tax rate from 21% to 28%, similar to a March 7 White House proposal. Fact SheetNBC News Reported.
The proposed policy drew criticism from “Shark Tank” star Kevin O'Leary and Washington Post columnist Catherine Rampell in interviews Wednesday night. Discussion On CNN, O'Leary predicted that Harris' proposals would lead US companies to move their headquarters overseas, while Rampell criticized Harris's proposal to tax unrealized profits as “unworkable.” (Related article: “It will likely lead to higher prices”: Washington Post columnist criticizes Kamala Harris' economic plan on CNN)
The proposal to tax potential gains from asset sales It is called “Wealth Tax” by SmartAsset.com explain The company positions itself as “an online destination for consumer-focused financial information and advice.”
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