Mark Cuban campaigns for Harris but criticizes one aspect of her tax plan

Billionaire entrepreneur Mark Cuban recently campaigned for Vice President Kamala Harris in Arizona and expressed opposition to the idea of taxing wealthy people’s unrealized gains. Cuban reassured the audience at a town hall event that Harris would not tax unrealized gains, despite endorsing tax increases as part of President Joe Biden’s fiscal year 2025 budget, including a proposal for a minimum tax on total income exceeding $100 million. Cuban criticized the idea of taxing unrealized gains as an “economy killer” and suggested that Harris knows this as well. However, Harris has not specifically addressed taxing unrealized gains in her campaign messaging, leading to confusion and criticism from figures like former President Donald Trump, who labeled the idea as “communism.” Cuban also emphasized that he believes Harris will not implement a tax on capital gains. He warned that if he was proven wrong, he would campaign against her in the future. Despite his stance on tax policies, Cuban has become an influential surrogate for the Harris-Walz campaign, offering candid opinions on issues such as immigration policies and advocating for voter turnout over partisanship. Other high-profile figures, like actor Bryan Cranston, have also joined the campaign, highlighting the importance of voting in the upcoming elections.

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