The proposal to tax unrealized capital gains of the wealthiest Americans has sparked significant debate since President Joe Biden included it in his administration’s fiscal 2025 budget.
Democratic presidential candidate Kamala Harris, who expressed her support for Biden’s tax plans generally, is now at the center of discussions about this potential hike.
While the idea of taxing unrealized capital gains has garnered attention from both proponents and critics, “Shark Tank” investor Mark Cuban is skeptical about its implementation.
“Every conversation I’ve had is that it’s not going to happen,” Cuban stated during a recent interview with CNBC. He said that he frequently communicates with Harris’s team and shared their explicit feedback: “Their verbatim words to me is, ‘That’s not where we want to go.’”
R&I – TP
RandyMarsh