in World News CNBC Hosts Embarrass and Laugh at Harris Economic Advisor When He Pathetically Tries to Sell a Key Part of Her $5 Trillion Tax Plan
One of Harris’s economic advisors had a rough Tuesday morning after getting embarrassed while appearing on a supposedly friendly network to the campaign.
Harris economic advisor Bharat Rama appeared on CNBC’s Squawk Box this morning to sell the audience on a key portion of his boss’s socialist $5 trillion tax plan. Rama attempted to explain to the hosts that taxing unrealized gains was fair, only applied to a small number of rich people, and was similar to a property tax.
But, as CATO notes, Harris’s tax scheme includes a new minimum tax of 25 percent on traditional income and unrealized capital gains for taxpayers with more than $100 million in total wealth. While supposedly just targeted at the rich, such a tax would create widespread economic damage while proving unworkable and blatantly unconstitutional.
Understanding these facts, hosts Becky Quick and Joe Kernan easily exposed Rama’s economic ignorance and took him to school while making fun of him. Especially Kernan, who also laughed at him.