Mark Cuban is making waves in the political scene, calling a potential second term for Donald Trump “worse” than the first, and actively supporting Vice President Kamala Harris as she gears up for the 2024 presidential election.
The billionaire entrepreneur and star of ABC’s Shark Tank has taken to interviews and social media to express his backing for Harris, especially after President Biden announced his withdrawal from the race earlier this summer. While Cuban once had a favorable view of Trump, his stance has drastically changed.
Recently, Cuban has been engaging with Trump supporters and Elon Musk, who has become a prominent advocate for Trump. Cuban has used X (formerly Twitter) to respond to criticisms aimed at Harris, emphasizing her stability and open-mindedness.
“She is not an ideologue,” he remarked, highlighting that he believes her economic policies will positively impact everyday Americans and small businesses.
Photo-illustration by Newsweek/Getty
Cuban: I thought the first term of Donald Trump was bad. A second term would be worse.
When it comes to Harris’ policies that have faced conservative criticism—like tax credits for new home buyers and initiatives against price gouging—what are your thoughts?
All of these initiatives are beneficial. They expand on successful programs already existing in many states. For the tip tax policy, it could enhance take-home pay for those with variable incomes.
You’ve been addressing the high cost of prescription drugs. Can you elaborate on your goals and how Harris could tackle this issue if elected?
At CostPlusDrugs.com, we discovered that the pharmaceutical sector is incredibly opaque, allowing middlemen to exploit price margins. Increased transparency could lead to lower prices, benefiting self-insured employers and consumers alike.
I believe that mandating price publication will empower self-insured companies, covering over 124 million individuals, to negotiate better pharmacy and health care pricing.
In discussions with other business leaders, what are their thoughts on Harris versus Trump? Do you feel you’re influencing your peers?
I interact with various businesses, from large corporations to sole proprietorships. Bigger companies, particularly in oil and gas, seem to lean toward Trump. However, many others express concerns about his unpredictability, tariffs, and instability, making them more inclined to support Harris’s stable governance.
Moreover, I think the campaign needs to better engage smaller businesses, clarifying Harris’s promise that no one making under $400,000 will face higher taxes, which applies to many small businesses as well.
What worries you most about a Trump victory?
It’s the uncertainty—his actions are unpredictable.
Some Democrats argue that democracy is at stake, given Trump’s threats to arrest opponents. Do you see this as a valid concern?
Absolutely.
Considering Trump’s popularity with men and Musk’s similar appeal, what do you think draws them in? And what would you say to men who admire them?
The American Dream is still strong! I respect Elon as an entrepreneur, but his role on X has drawn criticism.
You’ve faced criticism from progressives for opposing the FTC chair Lina Khan. What’s your take on that?
I don’t oppose her; I value her work with Pharmacy Benefit Managers. However, I disagree with her stance on breaking up big tech companies, as I believe we need them to excel in the global AI competition.
Lastly, there’s talk about you possibly serving in Harris’s administration. Is that of interest to you?
No, I’m fully focused on my work with Cost Plus Drugs and disrupting health care.
Any final thoughts?
Vote for Kamala Harris!