Barstool Sports founder Dave Portnoy shares his reaction to Vice President Kamala Harris’ statement about the wealthy paying their ‘fair share.’ He also discusses his upcoming plans to attend the Texas State Fair and his advocacy for fostering dogs in preparation for Hurricane Milton.
Barstool Sports founder Dave Portnoy criticized Vice President Kamala Harris’ proposal to increase taxes on the wealthiest Americans, stating that it lacks substance. During an interview with FOX Business, Portnoy expressed his skepticism towards the initiative.
During his appearance on “Varney & Co.”, he expressed his dissatisfaction with the lack of explanation regarding the inflation deficit. He criticized the simplistic notion of just “taxing the rich” and “taxing the billionaires,” stating that there needs to be more substance behind such statements.
During a recent interview on “60 Minutes,” CBS News reporter Bill Whitaker questioned Kamala Harris about her economic plans and how she plans to finance her ambitious spending proposals if she were to become president.
US Vice President Kamala Harris addressed a campaign event at Fiserv Forum in Milwaukee, Wisconsin, US, on Tuesday, Aug. 20, 2024. The event was captured by photographer Bing Guan from Bloomberg via Getty Images.
“One of my top priorities is to ensure that the wealthiest individuals in our society contribute their fair share in taxes. It is simply unjust that hardworking teachers, nurses, and firefighters are burdened with a higher tax rate compared to billionaires and large corporations. I am fully committed to rectifying this disparity and implementing a more equitable tax system,” she emphasized.
However, the exact percentage of the “fair” tax is still uncertain. Portnoy was not convinced by the response and he expressed his disagreement by posting on X.
Portnoy mentioned to Varney that his tax percentage saw a substantial increase as his income started to rise. “I pay a significant amount in taxes, but I’m actually quite content with it,” he happily stated.
“I get it, we live in a society where certain necessities like the military, roads, and schools are required. However, the problem lies in the mismanagement of these funds. This is precisely why I find it difficult to rely on the government when it comes to charitable contributions.
Trust is a crucial factor, and unfortunately, I don’t have faith in their ability to allocate the money appropriately. Consequently, why would you willingly pay hefty taxes to an entity that you fundamentally distrust in terms of their spending habits?”
“I examined my financial situation and realized that in five years, I would either have a multi-million dollar house and a place to call home, or I would be in New York with the same amount of money but without a property to my name. This is precisely why so many people made the decision to relocate to Florida.”
Vice President Harris has proposed several significant spending plans, which include providing $25,000 housing subsidies for first-generation home buyers. Additionally, there is a plan to implement $100 billion in tax credits specifically for the manufacturing sector.
Moreover, the proposal aims to increase small business tax credits by tenfold. These measures are part of Vice President Harris’ efforts to support and boost the economy. Harris has also put forward proposals to expand child tax credits, alongside other ideas.
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