Shark Tank judge Mark Cuban backs Democrat Kamala Harris’ economic plan – Times of India

In a response to Bloomberg columnist Matthew Yglesias’ tweet, which noted, “I’m pretty sure Harris did not in fact propose price controls on groceries—just kind of vaguely said that antitrust enforcement is good (it is good),” Cuban said, “This is a fact.” He used this opportunity to express his agreement with Harris’ approach.
Harris recently announced tax cuts and down payment assistance for first-time homebuyers, highlighting her commitment to addressing the high costs that affect many Americans, especially in terms of food prices.
Harris had addressed the pressing issue of high costs, linking it to the pandemic’s impact on supply chains.
“As president, I will take on the high costs that matter most to most Americans, like the cost of food,” she said. “We all know that prices went up during the pandemic when the supply chains shut down and failed. But our supply chains have improved and prices are still too high.”

Highlighting his support for Harris’ initiatives regarding healthcare and pharmacy costs, Cuban said in a post, “And my favourite of course, did anyone else hear @VP say she was going to bring TRANSPARENCY to pharmacy and healthcare middlemen? The root cause of almost all that is wrong with healthcare pricing?”

In response to criticism from Trump supporters for his tweets supporting Kamala Harris, Cuban elaborated on the Democratic nominee’s policies in a comprehensive statement on X. He emphasized her pro-business stance, quoting her speech: “I will focus on cutting needless bureaucracy and unnecessary regulatory red tape.”
Cuban further quoted Harris, underlining her commitment to fostering innovation, protecting consumers, and creating a stable business environment. He highlighted her pledge to bring together labour, small businesses, and major companies to invest in America, create jobs, achieve broad-based growth, and ensure America’s continued leadership in the world.
Earlier on Friday, Kamala Harris announced a federal ban on price gouging in the food industry at a campaign event. “My plan will include new penalties for opportunistic companies that exploit crises and break the rules,” she said.

However, some economists warn that Harris’s proposal could create new challenges, while Harris claimed her proposal will foster competition within the food industry.