Using simplified math, the investor outlined how companies that import goods would be left with more profit under Harris' tax plans.
Businessman and investor Mark Cuban believes that Kamala Harris' tax plan will beat Donald Trump's when it comes to businesses that import products.Harris has outlined a plan for raising the corporation tax from the current federal rate of 21 percent to 28 percent. This would be on long-term capital gains, or profit from the sale of assets that were owned for over a year, for individuals who earn more than $1 million annually.
'Newsweek has emailed Mark Cuban and both the Harris and Trump campaigns for comment.This isn't the first time that Cuban has taken aim at Trump's economic policies. Last week, the investor found himself in an online war of words with Trump's political aide Stephen Miller over a disagreement about economic policy proposals and trade tariffs. The dispute began after Cuban criticized Trump's plans for tariffs to protect American industries.
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