Billionaire entrepreneur Mark Cuban has defended Vice President Kamala Harris’s tax plan on X, arguing that it’s about fairness and drawing parallels to Donald Trump’s campaign strategy. He’s also criticized the demands for Harris to do interviews, suggesting that Trump’s lack of straight answers makes such interviews pointless.
Vice President Kamala Harris has introduced a new tax plan aimed at long-term capital gains, proposing a 28% tax on households earning $1 million or more annually. This plan, which departs from President Biden’s previous proposals, aims to incentivize investment in American innovation and small businesses. The announcement comes amidst growing scrutiny within the Democratic Party about its stance on capital gains and ahead of a debate against former President Donald Trump.
Vice President Kamala Harris has announced a new tax plan aimed at boosting small businesses, proposing a tenfold increase in the federal small business tax deduction and other measures to reduce barriers to entry. Critics, however, argue that the plan is contradictory and unsustainable, highlighting the political divide surrounding small business support.
Democratic presidential candidate Kamala Harris’ tax plan, aimed at raising $5 trillion over a decade by taxing unrealized gains of the ultra-wealthy, has stirred controversy in Silicon Valley. While proponents argue it addresses inequality, critics warn of stifling innovation and face potential legal challenges.
