Dave Portnoy pours cold water on VP Harris' tax plan to fund economic proposals: 'No sauce behind it'

Published On Oct 8, 2024, 1:48 PM

In response to Vice President Kamala Harris' statements about raising taxes on wealthy Americans, Dave Portnoy criticized her approach, claiming it lacks clarity and substance. He argued that simply saying 'tax the rich' does not explain how these taxes would effectively address economic issues like inflation and budget deficits. Portnoy pointed out that he already pays high taxes and questioned the narrative that wealthier individuals are paying significantly lower tax rates than middle-class workers. He expressed doubts about the government's management of tax revenues and suggested that high tax rates are a motivation for wealthy individuals to relocate to lower-tax states like Florida.