In recent comments on Fox News, Kevin O’Leary, a well-known entrepreneur and investor, didn’t hold back on his opinions about Vice President Kamala Harris’s role in the current economic situation. O’Leary pointed to Harris as a key figure in passing the Inflation Reduction Act, arguing that her tiebreaking vote in the Senate directly resulted in the inflation the country is facing today.
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O’Leary said he’s worried about the upcoming political landscape, especially the challenges Harris might face. “I'd argue she was the deciding vote for the Inflation Reduction Act. That’s the reason we have inflation,” O’Leary said during his interview.
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He suggested that former President Donald Trump would likely focus on this issue: “Trump will pin that on her. Going to pin the border on her, on executional skills. Going to pin defunding the police. Going to pin no fracking on energy.”
O’Leary suggested that Harris might have difficulty connecting with moderate voters, who he believes represent most of the country. He mentioned that people are watching to see how she will deal with key policy issues but questioned whether she can handle them well. “These are tough, tough things that you have to recuse yourself from somehow in defining a new role for America to get to the center,” he noted.
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O’Leary’s comments highlight the ongoing debate about whether the Inflation Reduction Act works as intended. The Act was supposed to help with climate change, health care costs, and taxes on big companies. However, critics like O’Leary believe it has actually made inflation worse.
In a separate interview on Fox News, O’Leary discussed Minnesota’s economic policies under Potential Democratic VP and still-Gov. Tim Walz and expressed concerns about the state’s economic performance.
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O’Leary pointed out that Minnesota has one of the highest state taxes at 9.8% and has introduced a super tax on investments over a million dollars. “I have the numbers now, and I've got to tell you, I don’t like what I see, and I’m trying to be bipartisan here, but it’s one of the eight states where capital is fleeing, and people are fleeing, and jobs are fleeing.”
Nevertheless, many supporters believe the Act will bring positive changes regardless of what critics like Kevin O’Leary say. They point to studies showing that shifting toward renewable energy can reduce long-term energy costs and make the U.S. less dependent on fossil fuels, which could lead to greater economic stability.
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Others also don’t see Walz’s Minnesota policies as devastating but as a positive step forward for the State’s people. For example, Walz has been praised for expanding health care access and improving education in Minnesota and his policies have also been credited with strengthening social services.
We’ve also yet to see former President Donald Trump push back on any Harris or Walz policies as he is more focused on the “culture war” talking points.
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