Criticism of Kamala Harris' Capital Gains Tax Plan

SOURCE www.breitbart.com
Kevin O'Leary criticizes Vice President Kamala Harris' plan for an unrealized capital gains tax, calling it un-American and harmful to small businesses.

Key Points

  • 62% of jobs are created by small businesses with 5-500 employees.
  • Taxing unrealized capital gains could be detrimental to small business owners.
  • O'Leary views the proposal as un-American and harmful to entrepreneurship.

Cons

  • Could potentially burden small businesses with high tax bills based on unrealized gains.