Additional Coverage:
- Dave Portnoy pours cold water on VP Harris’ tax plan to fund economic proposals: ‘No sauce behind it’ (foxbusiness.com)
Vice President Kamala Harris’ proposal to raise taxes on wealthy Americans has drawn criticism from Barstool Sports founder Dave Portnoy. Portnoy argues that Harris’ plan lacks substance and does not address the underlying causes of inflation.
Portnoy questioned how teachers, nurses, and firefighters could be paying higher tax rates than billionaires and corporations. He also expressed skepticism about the government’s ability to manage tax revenue wisely.
Portnoy’s concerns stem from his own experience of paying a significant portion of his income in taxes. He also cited the high tax rates in New York as a reason for his move to Florida.
Harris’ economic plans include subsidies for first-time home buyers, tax credits for manufacturing, and expanded child tax credits. However, details on how these plans will be funded remain unclear.