Billionaire entrepreneur Mark Cuban, campaigning for Vice President Kamala Harris, stated he would campaign against her if he thought she would tax wealthy people’s “unrealized gains,” a part of her endorsed tax plan. During a town hall event in Arizona, Cuban assured the audience that Harris wouldn’t tax unrealized gains, despite endorsing tax increases proposed by President Joe Biden. Cuban criticized the idea of taxing unrealized gains as an “economy killer” and mentioned that Harris hasn’t specifically addressed this issue, causing concern among some, including former President Donald Trump.
While Harris’ campaign has endorsed Biden’s 2025 budget proposal, they have not commented specifically on taxing unrealized gains. Cuban highlighted his disagreement with the idea and promised to campaign against Harris if such a tax were to be implemented. He also criticized the Biden-Harris immigration policies, stating they had “screwed up on immigration.”
Cuban’s stance on taxing unrealized gains is not new, as he had previously mentioned that it was unlikely to happen. Despite not speaking for Harris or her campaign, Cuban has become a draw as a surrogate for the Harris-Walz campaign, stepping away from traditional Democratic talking points. Other surrogates, such as actor Bryan Cranston, have also emphasized the importance of voting over who to vote for. Harris, in an interview with NBC News, highlighted the tradition of loyalty between vice presidents and presidents, avoiding criticism of Biden’s policies.
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