Shark Tank star Kevin O’Leary, aka “Mr. Wonderful” panned President Joe Biden’s new tax plan, suggesting that the president would damage the country in the same way that many Democrats have broken their states.
O’Leary pointed out the negative impact of high taxes on states and countries during the April 16 edition of Fox News’s Your World with Neil Cavuto. “The minute you really start raising taxes and they become uncompetitive either at the state level, you see everybody leaving New York and going to Florida or to Texas,” O’Leary told anchor Neil Cavuto, before pointing out that the “same thing happens with countries.” O’Leary went on to say that higher taxes would stall the growth of the American economy: “So you got to be very careful. … I admire what [Biden] wants to do — but the more he taxes, the less growth there…
