the Trump air a tax cut set to expire still no plan from Harris but one thing is certain if the tax cuts do expire Americans will face a hike the tax Foundation finding that a couple with two kids making $165,000 a year would have to pay over $2,400 more in taxes let's bring in Kevin o o Ventures chairman to weigh in on this always great to have you with us Kevin and let's start there if kamla Harris was elected president there are many tax policies which could the economy but the first thing she wants to
do is allow these Trump tax cuts to expire that has business implications that has implications for people on a personal level can you kind of tease it out for us there's multiple effects that we have to worry about first of all the personal ones obviously and taxes will go up uh with her proposals and she's admitting that she's not denying it I mean that's a debate that's going on in terms of the classic make the rich pay their fair share that's that's a Nar that goes into every single election cycle now the more concerning one
for the economy not just personal taxes is corporate tax rates that at her proposed 28% would put um the US economy in an uncompetitive position last time we did this to ourselves we started to see dislocation of headquarters moving to places like Ireland and other lower tax jurisdictions that we shouldn't do that's a mistake uh for either party that's a huge mistake we're right in the middle right now in the G7 G20 so if all of a sudden we start charging 28 corporate tax rates plus add-on state in some cases you're in the 30s and
that's just not competitive anymore in terms of the G20 or G7 that would that that's to me the most horrific outcome and I'm very nervous about that Kevin we love having you on the program because every day you're talking to entrepreneurs people who have great ideas Big Ideas creating Innovations in this market what are some of those entrepreneurs telling you about the investing or the creating um environment in this current climate well the uncertainty is what we're all worried about I mean you know we all have to work regardless of who's in the White House
come November 6 and so we'd like to get some idea of policy this is a policy light election um I'm disappointed that Harris doesn't give us more policy specifically on taxes specifically on corporate taxes I need to know that so does everybody else remember this is the number one economy on Earth the American economy 50% of capital invested worldwide comes here we don't want to do anything to change that and the number one export of America is not a product or service it's the American dream there's a reason people are willing to risk their lives
to come here we don't want to do anything to change that and that's why I'm so concerned about tax policy on Capital formation the higher you raise corporate taxes the the harder it is to create Capital opportunity and that's what I'm worried about the American dream is at stake everybody should think about that everybody that has what's kept this economy going for over 200 years it is a number one export Kevin I'm going to switch gears with you for a second and talk about something you've identified as one of the next great Market spaces that's
healthy snacks you got our attention when you mentioned that a few weeks ago but I got to tell you we just did a story yesterday on how they're now making these weight loss drugs for kids as young as like first grade or kindergarten so I look at you and healthy snacks and I look at this Movement by the way online influencers pushing this everywhere senators are going after them for this Kevin isn't that a problem for the healthy snack Market did you pick the wrong space isn't it all about the weight loss drugs now the
answer for longevity and fitness is not drugs that's not a great idea it's a healthy lifestyle some exercise and eat moderately that's really what we be we should be pushing and part of that solution is healthy snacks I mean I just think about as a you know past 40 years old how I changed my diet and I did it because I want to live longer and I want to enjoy the extended back period but no I'm not a fan of this drug idea no I'm not worried about um all of these these drugs you inject
yourself with taking away from healthy eating I mean that I and by the way I'm this is is the fastest growing I'm out here in California we just I just went through the earthquake a few minutes ago before I logged on that was funky it felt like a wave going through this hotel room but we're shooting Shark Tank and this year I've never seen more in the focus around reducing sugar reducing sodium and bringing more natural elements to snacks never before it's great I agree with you put the health conscious aspects before using drugs um
Kevin final topic we want to get you on today there's a new survey out that shows that one in four people younger Americans is saying they're not planning to have kids because it's just too expensive I mean that's amazing in some ways when you think about the landscape that we're in that's sort of a right that people feel they have is to be able to have a child and people say I can't I can't afford to do it well they're also extending when they have a child and yes children are expensive but as I've told
all my students and I I'm honest with them I wish had my kids 10 years earlier family is everything that's what it's all about and I I I urge them listen it's not about money it's about your future and I never thought that way I waited till I was 36 before I even got married that was a mistake and I realize it now and I love my kids but boy I wish I had more time with them in a younger age so anybody listening to this forget about money when it comes to kids find somebody
you really like that you can live with for the rest of your life cu the worst thing for money is getting divorced and half of marriages in America fail not because of infidelity because of financial stress so I feel like I'm some kind of a mench you know I'm a marriage counselor now get married sooner have more kids I've never heard Kevin O say forget about money that might be a first ever yep Mark that sound bite Kevin AI thank you so much great to see you sir take care
