• Mark Cuban said Vice President Kamala Harris is “going center 100 percent” on financial policy
• Harris proposed a lower capital gains tax increase of 28% for those with $1 million or more in income, compared to President Biden’s proposed 44.6% rate
• Cuban praised Harris’ speech in New Hampshire focused on boosting small businesses and said her team understands the importance of lower capital gains taxes for investing in startups
Vice President Harris unveiled new economic plans focused on small businesses during a recent speech in New Hampshire. Billionaire investor Mark Cuban praised Harris for being “pro-business” and “going center 100 percent” on financial policy.
Harris Proposes Lower Capital Gains Tax Increase
During her speech, Harris proposed increasing the capital gains tax to 28% for those earning over $1 million. This is lower than the 44.6% rate proposed by President Biden. Cuban said he has advised Harris’ team on capital gains tax policy to promote investment in small businesses. He believes Harris understands that high capital gains taxes discourage riskier investments in women, minorities, and young entrepreneurs.
Cuban: Harris Distancing From Biden
Cuban noted that Harris is trying to respect Biden while subtly differentiating herself on economic policy. He said “This is Kamala Harris’s campaign. It’s not Joe Biden’s campaign…She’s trying to be very respectful of the president and everything he’s proposed. She’s trying not to directly contradict him in any way.”
Harris Focusing on Entrepreneurs and Startup Investment
Cuban said Harris spoke more about helping entrepreneurs and making it easier to invest in startups than any other candidate. He stated, “Literally, if you read the transcript of her speech yesterday, she’s talked more about entrepreneurs and helping them have access to investment and making it easier for people to invest in startups than anybody.”
Cuban Believes Harris Is Shifting Towards Center
In summary, Cuban believes Harris is subtly moving towards the political center on economic issues like capital gains taxation. He thinks she is trying to balance respect for Biden with her own more moderate policy ideas focused on entrepreneurship and startup investment. Cuban said this policy shift indicates Harris is differentiating herself from Biden as she charts an independent campaign.
