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Mark Cuban Reveals Why Kamala Harris’ Tax Plan Will Beat Donald Trump’s [Video]

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Small Business Tax Tips And Advice

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.

“We will tax capital gains at a rate that rewards investment in America’s innovators, founders and small businesses,” the Democratic presidential nominee told crowds at a rally in New Hampshire on September 4.

On the other hand, Trumphas vowed 100 percent tariffs on countries that “shun” the U.S. Dollar. At a rally in Wisconsin on September 7, the former president told crowds: “You leave the dollar and you’re not doing business with the United States because we are going to put a 100 percent tariff on your goods.” These …

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