CNBC hosts clash with Harris campaign economic adviser over unrealized gains tax proposal: 'Unconstitutional'

CNBC hosts Joe Kernen and Rebecca Quick pressed an informal economic adviser to the Harris campaign on her push to tax unrealized gains during an interview on Wednesday.

Reports from The Wall Street Journal and The New York Times have said that Harris supports the tax increases put forth by Biden in his recent budget proposal. This, according to Harris’ campaign, includes a 25% tax on unrealized capital gains for individuals with more than $100 million in wealth, and an increased corporate tax rate from 21% to 28%. Hanna Panreck is an associate editor at Fox News.

"I think that this reaction to unrealized gains is a little funny, given that I bet that the majority of people watching right now are already paying a tax on unrealized gains. It’s called a property tax," Ramamurti told the hosts.