Mark Cuban has expressed strong reservations about the possibility of a second term for Donald Trump, deeming it “worse” than the first. This sentiment has led him to become a prominent supporter of Vice President Kamala Harris in the upcoming 2024 presidential election.
The billionaire entrepreneur and star of ABC’s Shark Tank has publicly endorsed Harris since she secured her candidacy following President Joe Biden’s withdrawal from the race. Cuban’s shift from an initial appreciation of Trump’s candidacy to outright opposition highlights his concerns over the former president’s policies and leadership style.
In his support for Harris, Cuban has engaged with Trump supporters, including fellow billionaire Elon Musk, on social media platforms like X (formerly Twitter). Musk has emerged as a leading advocate for Trump, prompting Cuban to counter their criticisms of Harris.
Cuban sees Harris as a candidate who can collaborate with Republicans and independents, portraying her as “far more stable” and “open-minded” compared to Trump. He believes her economic policies are beneficial for everyday Americans and small businesses, further reinforcing his support.
Kamala Harris
Cuban’s endorsement includes specific praise for Harris’s initiatives, such as the elimination of taxes on tips and tax credits for first-time homebuyers. He views these policies as valuable and aligned with existing national programs. Additionally, he is particularly focused on healthcare issues, especially the high cost of prescription drugs.
Cuban’s experiences with his company, CostPlusDrugs.com, have informed his belief that transparency in drug pricing can lead to more efficient markets and lower costs for consumers, suggesting that Harris should prioritize price transparency in healthcare reform.
When discussing the sentiments of other business leaders regarding Harris and Trump, Cuban notes a divide based on company size and industry. While larger companies in sectors like oil and gas may lean toward Trump, he observes that many businesses, especially small to medium-sized ones, are more uncertain about his leadership.
Cuban points to Harris’s effective communication with the business community and her openness to feedback as key factors that enhance her appeal among entrepreneurs. He emphasizes that Harris’s promise to avoid tax increases for those earning $400,000 or less directly benefits many small business owners.
Cuban expresses deep concern about the unpredictability of a potential Trump presidency. He echoes the fears many Democrats have regarding democracy’s vulnerability under Trump, particularly in light of his threats against political opponents.
Cuban’s acknowledgment of these concerns underscores a belief that Trump’s leadership could further destabilize the political environment in the U.S. He believes that only Trump knows what might happen should he be re-elected, further amplifying his call for a Harris presidency.
Despite speculation about a possible role in a Harris administration, Cuban has dismissed these rumors, expressing satisfaction with his current ventures. He is focused on his work with CostPlusDrugs and the goal of transforming the healthcare industry.
Cuban concludes his remarks with a clear endorsement: he encourages voters to support Kamala Harris in the upcoming election, framing her as a stabilizing force capable of fostering collaboration and economic progress.
