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Dave Portnoy pours cold water on VP Harris’ tax plan to fund economic proposals: ‘There’s no sauce behind it’

Vice President Kamala Harris’ campaign to raise taxes on the wealthiest Americans has “no sauce behind it,” Barstool Sports founder Dave Portnoy told FOX Business on Tuesday.

“It does not explain how we are dealing with such inflation [is]’Tax the rich, tax the rich, tax the billionaires.’ It’s an easy thing to say, but there’s no real sauce behind it,” he said while exiting “Varney & Co.”

CBS News’ Bill Whitaker pressed Harris on his economic programs recently on “60 Minutes,” seeking answers on how he intends to pay for his big spending plans if he is elected president.

KAMALA HARRIS’ CAMPAIGN IS FRUSTRATED BY LATEST BIDEN MEDIA APPEARANCES, CNN REPORTER SAYS

US Vice President Kamala Harris speaks during a campaign event at the Fiserv Forum in Milwaukee, Wisconsin, US, Tuesday, August 20, 2024. (Photographer: Bing Guan/Bloomberg via Getty Images/Getty Images)

“One of the things [is] I will make sure that the wealthiest among us who can afford it pay their fair share of taxes. It’s not right for teachers and nurses and firefighters to pay higher taxes than billionaires and big companies, and I plan to do that,” he said.

But what that “correct” tax percentage might look like remains unclear.

Portnoy didn’t buy the answer, and replied by post to X.

“Do I feel tax? I pay 50% of everything I do to the Government. Is Kamala saying that teachers, nurses and firefighters pay more than 50%? to get it,” he wrote.

Portnoy also told Varney that his tax rate increased significantly as his income increased.

“I pay a ton of tax. I’m happy to pay tax,” he said.

HARRIS SAYS RICH AMERICANS, CORPORATIONS WILL PAY HIGHER TAXES TO PAY FOR THE ECONOMIC SYSTEM.

“I understand, we live in society [where] you need soldiers, you need roads, you need schools, but those who mistreat you use them. That’s why, when we do charities, I don’t trust the government. I don’t trust them at all, so why would you want to pay all these taxes to someone you don’t fundamentally trust how to spend the money to begin with?”

Portnoy also said that, after moving from low income to high income, New York’s high tax rate forced him to move to Florida.

“I looked at my finances, and I said at the end of five years, I’ll have a million dollar house and a place to live, or I could be in New York for the same amount and have nothing. house, that’s why everybody moved to Florida.”

Parts of Vice President Harris’ big spending plans include giving $25,000 home financing for first-generation home buyers, spending $100 billion in manufacturing tax credits and increasing small business tax credits tenfold.

Harris also proposed expanding child tax credits, among other ideas.

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Fox News’ Brian Flood and Hanna Panreck contributed to this report.


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