Howard Lutnick, the CEO of financial services company Cantor Fitzgerald, explained in an exclusive interview Thursday on FOX Business' "Mornings with Maria" why he’s backing former President Trump’s economic agenda over that of Vice President Kamala Harris. "He will drive down the cost of energy, and he will drive down corporate taxes, which means they will build factories here, bring back farming. Tariffs will protect our farmers.
Among the policies listed on Harris' website include quadrupling the tax on stock buybacks, imposing a 25% "minimum" tax on wealthy households and increasing taxes on capital gains and dividends for households making more than $1 million from 20% to 28%. "Kamala Harris discusses a transaction tax, putting literally a tax on the ability of American companies to raise money. Imagine doing that. That's crazy," Lutnick said.
Business' Eric Revell contributed to this report.