Mark Cuban warns taxing unrealized gains will 'kill the stock market,' insists Harris won't actually do it

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Mark Cuban defended VP Kamala Harris in a heated interview on CNBC Thursday over the prospect of taxing investment returns that have not yet been realized.

Billionaire Mark Cuban acknowledged that Vice President Kamala Harris' plan to tax unrealized capital gains would "kill the stock market," while insisting that she won't go through with it as dubious

hosts pushed back in a contentious interview Thursday. Cuban joined 's "Squawk Box" on the phone to discuss his support for Harris, revealing that he regularly communicates with her campaign to advise on economic issues. The interview took a turn when Cuban was asked about the Biden administration’s proposal – which the Harris campaign has indicated it supports – to tax investment returns that have not yet been realized.

host Rebecca Quick questioned why the Democratic nominee has not yet publicly quashed concerns and explained herself. She also suggested that the campaign might be telling high profile donors, such as Cuban, what they want to hear, regardless of the position they plan to take. "As you've said yourself, you can't speak for the vice president. These are things that they're telling you. Who knows what they're telling other people?" Quick asked Cuban.

 

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