Mark Cuban predicts that Harris won't impose taxes on unrealized capital gains: "Not going to happen"

• Mark Cuban, a billionaire investor, argued that Vice President Kamala Harris would not impose taxes on unrealized capital gains as president.
• President Joe Biden's tax policy has been opposed by Harris, who has proposed a lower increase in the top capital gains rate.
• In the days before her first and possibly final debate with Donald Trump, Harris is revealing her policy plans.

Mark Cuban on Thursday stated that Kamala Harris would not impose taxes on unrealized gains as president.

"Cuban stated on CNBC's "Squawk Box" that every conversation he has is about it not happening."

Harris's tax policy stance may differ from Biden's, as indicated by Cuban's remarks.

Biden's 2025 budget plan includes a minimum income tax of 25% for Americans with wealth over $100 million.

Unlike current law, Biden's proposed budget includes an annual tax on unrealized gains for the wealthiest Americans, which has faced opposition from Republicans and some Democrats.

Despite taking over the Democratic ticket just three months before Election Day, Harris has not explicitly abandoned the plan to tax unrealized gains.

In her speech on Wednesday, Harris announced her support for a "billionaire minimum tax."

Cuban claims that he frequently speaks with Harris' team and states that she is not interested in taxing unrealized gains.

He warned, "I won't represent the vice president's stance; she has the final say."

I have conversations with these individuals three to four times a week, and their verbatim words to me are, "That's not where we want to go."

"Cuban stated that Harris' aides informed him that alternative sources of revenue are necessary, and these sources should replace the unearned income tax from the Biden plan."

Cuban stated that Harris is using the Biden plan as a starting point, but it may not be her final destination.

CNBC did not receive an immediate response from the Harris campaign regarding Cuban's comments.

On Wednesday, Harris diverged from the Biden budget's proposal to increase the capital gains tax rate to 39.6% from 23.8% for households earning more than $1 million, despite his campaign initially aiming to win over moderate voters.

The Harris campaign pointed out in a press release that the proposed long-term capital gains rate increase of 28% is lower than the rate suggested in the Biden budget.

The campaign stated that in her opinion, this method achieves the ideal equilibrium.

In the days before her first and only debate with Donald Trump, Harris is revealing her policy plans.