CNBC Hosts Challenge Kamala Harris' Tax Proposal

Vice President Kamala Harris's proposal to tax unrealized capital gains for individuals with over $100 million in assets has faced significant criticism, particularly during a CNBC interview with her economic advisor Bharat Ramamurti. Hosts Becky Quick and Joe Kernan challenged Ramamurti's assertion that the tax would only affect around 60,000 Americans, arguing that it is unfair and could lead to economic damage. Quick highlighted the historical context of income taxes and expressed skepticism about the feasibility of taxing unrealized gains, suggesting it merely delays tax payments rather than providing a fair system. Kernan echoed concerns, labeling the proposal as likely unconstitutional. The discussion reflected broader apprehensions about Harris's economic policies, with critics asserting they could harm the housing market and overall economy. The backlash underscores the challenges facing her campaign as it navigates complex taxation issues.