Mark Cuban, billionaire investor and owner of the Dallas Mavericks, has volunteered himself for the chief position. Administration of Kamala HarrisShould she defeat Donald Trump in November.
Speaking on CNBC’s show ‘Squawk Box’ on Thursday, Cuban praised the Harris campaign for its open, consistent communication with business leaders. He said he talks to his team three to four times per week, adding that, compared to the previous administration, she has been “much more open”.
In fact, Cuban himself offered to join the team. When Harris was asked who he should appoint to key positions such as the chairmen of the Federal Trade Commission and the Securities and Exchange Commission, Cuban did not shy away.
“I told his team, look, enter my name for the SEC. That needs to change,” he said.
Many business and technology leaders are particularly frustrated by the Biden administration’s appointments Leena Khan and Gary Gensler, who heads the FTC and SEC, respectively. Khan has been aggressive in reigning in monopoly power and corporate mergers, while Gensler Increased regulation on crypto.
When Squawk Box host Andrew Ross Sorkin said that many business leaders criticized Biden for failing to surround himself with anyone in the private sector, Cuban agreed. But he said he believes Harris is more “pro-business” than his current boss.
“She’s talked more about entrepreneurs and helping them access investment than any president I’ve ever heard,” he said.
Cuban praised Harris’ latest proposal to roll back the amount Biden wanted Capital gains tax – She wants a rate of 39.6%, while she now publicly supports a rate of 28%. Long-term capital gains tax is collected when an investor sells an investment — or, in other words, realizes a gain. He also celebrated his proposal with the same Post to XFormerly known as Twitter.
A slightly lower rate will encourage investors to pour more money into startups, Harris believes. CNN reported.
“She’s 100% going to center,” Cuban said.
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