He’s big. He’s bold. And he’s not afraid to take risks.
And it’s exactly why Mark Cuban thinks could be a good fit for a potential Kamala Harris White House — if she’s up for it.
During a recent interview with CNBC, Cuban informally floated his name forward to head the U.S. Securities and Exchange Commission in a Kamala Harris administration.
When asked by CNBC’s Andrew Ross Sorkin if he had any insight into potential Harris Cabinet appointments, the billionaire entrepreneur replied: “I told her team, look, put my name in for the SEC. It needs to change.”
Cuban has been a fierce critic of the SEC since being cleared of insider trading in 2013 and calling the federal regulatory body a “joke.” Last week, he criticized SEC chair Gary Gensler over the agency’s crackdown on the crypto sector.
During the interview Cuban admitted he had “no idea” about any prospective appointments in a Harris White House but said he had suggested a three-tier business advisory council embracing small, medium, and large business owners.
However, the Shark Tank investor called into CNBC’s Squark Box show to discuss the Democratic presidential candidate’s work with the business community.
“Kamala Harris is pro-business,” he said, revealing that he spoke to the Harris team three or four times a week to discuss “the best approach to taxing the wealthy and increasing revenues and cutting costs.”
“I talked to the Biden administration, I talked to the Trump administration, I talked to the Obama administration, and I think the Harris administration has been the most open,” said Cuban. “They have been very clear to me, and to other businesspeople that, we realize that rich people have to pay their fair share, but we don’t have all the answers.
Cuban also address capital gains taxes during his interview, shortly after Harris revealed her plan to tax long-term capital gains at 28% for wealthier Americans.
“If you heard her in her speech yesterday, she said that billionaires should pay more than average working people, firefighters, etc, and you just look at the numbers if a firefighter or someone who’s working their butt off is making, you know, $150,000 a year, they’re paying 24% and she came out yesterday and said 28% for capital gains which, when I talked to them, I thought was fair,” said Cuban.