Kevin O’Leary, chairman of O’Leary Ventures and “Shark Tank” star, on the port’s tentative strike agreement, Trump versus Harris’ tax plans and a historic Rolex up for auction.
Donald Trump and Kamala Harris’ stance on taxes is dividing voters, including “Shark Tank” star Kevin O’Leary.
O’Leary revealed his stance on taxes during an appearance on “Varney & Co.,” detailing the “big picture” impact of Harris’ much-touted plan.
O’LEARY CALLS OUT KAMALA HARRIS FOR HARASSING VOTERS WITH UNREALISTIC POLICIES THAT WOULD ‘DESTROY’ THE ECONOMY
This week, O’Leary Ventures Chairman Kevin O’Leary explains Varney & Co. from what consequences Donald Trump and Kamala Harris’ tax plan would have for the American middle class. (Fox News / Fox News)
Former President Trump presented his plan earlier this week at a rally in Saginaw, Michigan, promising to give Americans the “largest tax cuts” in American history.
“I got you the biggest tax cuts in American history and I’ll do it again. We’re going to lower them, but we’re going to do something different. No tax on tips, no tax on overtime and no tax on social services. Safety for our great seniors,” Trump said Thursday.
“Look, our seniors have been devastated by inflation. This isn’t going to make them rich. But we’re essentially going to give them back what they lost.”
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O’Leary expressed strong support for the plan, saying it is a “fantastic” strategy to describe these topics as “political rhetoric.”
Jason Miller, a senior adviser to Trump’s 2024 campaign, says Kamala Harris is “not fit for the job” of president during an appearance on “Mornings with Maria.” (Courtesy: CBS News)
“The really big difference between what Harris has now is that she recently trickled out a few policies through her vice president. So I’m trying to figure out what the big picture is that people need to understand between these two tax proposals,” O’ began Leary. .
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“In Harris’ case, she is proposing to the country: let us choose industries, and we will make tax proposals for them, like the Science and Chips Act did. We will only concentrate on chip production. try to pick winners and losers, but there is no evidence that the government ever does that. Then we will tax everyone at 28% and make every eleven sectors of the economy pay for it.’
O’Leary detailed Trump’s proposed plan, explaining that his strategy reflects the success of the U.S. economy in recent decades.
O’Leary Ventures Chairman Kevin O’Leary pictured next to Democratic presidential candidate Kamala Harris. O’Leary compared Harris and Trump’s tax proposals during an appearance on “Varney & Co.” Friday. ((Photo by Andrew Harnik/Getty Images) / Photographer: Ting Shen/Bloomberg via Getty Images / Getty Images)
“Trump’s proposals are: I’m not going to pick winners, I’m just going to cut taxes below 20% and let everyone fight for a share, which is generally how the American economy has been successful for the last 200 years,” said O’Leary. concluded.
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“You really have to start thinking: Can Kamala Harris pick winners and make you pay for it? Or should you let the market be the market? I think you know where I stand on that.”
