Billionaire Grant Cardone now scrutinizes Harris’ painful tax proposals claiming she will double the prices of homes overnight.
“The Kamala Capital Gains Tax WILL DOUBLE Home Prices Overnight
The Math 🧮 The average $440,000 home will have to be sold for $648,000 to net the same dollars to seller,” Cardone posted on X.
The Undercover Billionaire star says that tens of millions of Americans will be unable to access the equity of their home during their retirement years.
Grant laid out what he predicts will be a result of Kamala Harris getting voted into office:
- Sellers will increase price to make up difference.
- Fewer homes will sell – already at all time low.
- Sellers will turn homes into rentals exacerbating housing shortage.
- New buyers will be priced out of the market allowing institutions to dominate ownership of real assets.
- Tens of millions of Americans will be unable to access their equity during retirement.
While Kamala is proposing a myriad of tax increases, Trump has suggested lowering and eliminating taxes completely.
“Seniors should not pay tax on Social Security,” Trump wrote on July 31 in all capital letters on social media platform Truth Social, and repeated the point during an Aug. 7 Fox & Friends interview.
However, Trump is not the first to suggest the elimination of taxes on Social Security benefits.
One Democratic bill introduced in January in the House of Representatives — the You Earned It, You Keep It Act — likewise calls for excluding Social Security benefits from gross income for federal income taxes.
If enacted, the bill would save the typical senior household almost $560 per year, the Senior Citizens League, a non-partisan senior group, recently estimated.
Trump is also proposing ending income tax after announcing a new strategy on tariffs.
The impact of raising costs on tariffs would mean that prices would rise on all imported goods.
However, Americans would keep more of their hard-earned money.
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Also Read: Donald Trump Now Plans To End Social Security Taxes For Retirees
Other Politics News Today
RFK Jr. is now expected to drop out of the presidential race to support Trump by the end of the week, sources are confirming.
Sources tell ABC News that Kennedy plans to endorse Donald Trump — but when asked directly by ABC News if he will be endorsing the former president, Kennedy said, “I will not confirm or deny that.”
“We are not talking about any of that,” he said.
Robert F. Kennedy Jr. is considering a potential endorsement of Donald Trump for president.
While a final decision hasn’t been made and could change, sources suggest Kennedy hopes to announce his decision soon to counter the momentum from the Democratic National Convention.
One possibility being discussed is a joint appearance with Trump at an event in Phoenix on Friday.
However, sources caution that Kennedy’s plans could shift, and Trump’s team has not confirmed any plans for Friday, per ABC News.
Kennedy’s campaign manager, Amaryllis Fox, emailed staff on Wednesday expressing gratitude for their work but indicating that a decision on the campaign’s future direction had not been reached.
“There are a couple potential paths forward, not only two, and I can bear witness to the care, examination that Bobby has invested in the consideration of each,” Fox wrote, according to the source.
A spokesperson for Kennedy posted on X that Kennedy will “address the nation” live on Friday to discuss his “path forward,” but offered no specifics.
Kennedy told ABC News regarding the Democratic convention and Democratic presidential nominee Kamala Harris, “I think it was a coronation, it’s not democracy. Nobody voted. Who chose Kamala? It wasn’t voters”.
Also Read: Donald Trump Now Plans To End Social Security Taxes For Retirees
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