Shark Tank star Mark Cuban mounted an absurd defense of Vice President Kamala Harris on CNBC, claiming against all evidence that Harris was a moderate.
This was Cuban’s slavish defense of Harris during the Sept. 5 edition of CNBC’s Squawk Box. When anchor Andrew Ross Sorkin mentioned that previous guests had pegged Harris as a progressive, Cuban objected, calling Harris “pro-business” and claiming that “she’s going center 100%.” The DEI-obsessed billionaire doubled down on this point later in the interview, telling Sorkin, “She’s open-minded, she’s not an ideologue. She wants to do what is best for business.”
The Dallas Mavericks owner proudly provided Sorkin with an example of Harris’s so-called pro-business approach: she would only increase the capital gains tax from 20% to 28%, less than the 33% envisioned by President Joe Biden.
Cuban suggested that 33% was overambitious. “The higher the capital gains tax, the more difficult it is to invest in riskier investments. And the people who have the hardest time getting risk capital are women, people of color [and] young kids that are coming out of colleges, exactly the people you want to take risks on. The higher the cap gains rate, the harder it is to invest in them for obvious reasons,” Cuban commented.
It is a day ending in “y” and Cuban, a DEI advocate, has once again implied support for racial and gender discrimination. Taking Cuban at his word, “pro-business” Harris is prepared to aggressively raise taxes, exacerbating the problem he identifies.
Oops.
Harris is far from pro-business. To make this claim, Cuban had to ignore, or dismiss, Harris’s major 2024 proposals and the entirety of her 2020 presidential campaign.
First, Harris supports energy policies that will harm consumers and the economy by cutting off access to cheap energy. Her radical record on energy was highly praised by The New York Times in a June 22 article. The article covered her staunch opposition to fracking, a method of natural gas extraction that has helped make the nation energy-independent.
The Times article also mentioned her support for making energy more expensive through a carbon tax. Moreover, the article noted that she was an original sponsor of the radical and wasteful “Green New Deal” and even tried to stop offshore fracking as California’s attorney general.
But wait, there’s more. Harris’s anti-business record also includes support for reversing the 2017 Tax Cuts and Jobs Act and massively increasing the corporate income tax from 21% to 35%. She backed taxing stock market trades to help pay for her expensive, government spending wish list.
Just this year, Harris embraced radical anti-business ideas such as price controls (which Cuban ignored) and taxing unrealized capital gains. On this point, Cuban admitted the idiocy of the policy.
“What I told them was that if you tax unrealized gains, you’re going to kill the stock market,” Cuban said in the same CNBC interview. He went on to beg viewers to trust him that Harris wouldn’t try to do this, before adding a mile-wide caveat, “I’m not going to speak for the Vice President, she makes the final decision.”
Moreover, Cuban is no moderate or centrist. Cuban is a fanatical advocate for radical leftist diversity, equity and inclusion initiatives. After publicly admitting on Feb. 1 to engaging in DEI racial discrimination, Cuban was rebuked by Commissioner Andrea R. Lucas of the U.S. Equal Employment Opportunity Commission (EEOC), who called his behavior “illegal.”
Conservatives are under attack. Contact ABC News (818) 460-7477, CBS News (212) 975-3247 and NBC News (212) 664-6192 and demand they report fairly on how Bidenomics is crippling the American economy.