Mark Cuban speaks out against piece of Harris' tax plan while campaigning for her
Mark Cuban said Saturday while campaigning for Kamala Harris that he would campaign against her if he thought she would tax wealthy people’s “unrealized gains,” which is part of the tax plan she has endorsed.
PHOENIX — Billionaire entrepreneur Mark Cuban said Saturday while campaigning for Vice President Kamala Harris that he would campaign against her if he thought she would tax wealthy people’s “unrealized gains,” which is part of the tax plan she has endorsed.
The comments came at a town hall event attended by local Arizona entrepreneurs, which Cuban headlined as a surrogate for the Harris-Walz campaign. Toward the end of the event, a man asked Cuban, “Quick question: What about unrealized gains?”
Cuban assured the audience that Harris wouldn’t tax unrealized gains.
“I’m glad you asked that. So some people think that there’s going to be an unrealized gains tax on capital gains,” said Cuban, adding: “There is not, there is not.”
In August, Harris endorsed tax increases proposed by President Joe Biden in his fiscal year 2025 budget. One of the proposals is a 25% minimum tax on total income exceeding $100 million, including so-called “unrealized gains,” or growth in assets that haven’t been sold.
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