A.G. Gancarski
Gov. Ron DeSantis is arguing that Kamala Harris’ economic proposals would drive America into a depression and that “Florida would be hit really hard” by stacked federal taxes on home sales, blasting the “truly insane” concept of “taxing unrealized gains” as “a truly imbecilic and insane policy.”
“We have had people whose homes have gone up in value a lot over the last five years. Whatever your house has gone up, you’d have to write a check for 25% of that,” DeSantis said.
“By the way, after you do all that, when you actually go to sell your home, what are they going to charge you then? 44.6% on that capital gain if you made money on selling your home.”
DeSantis said that under a President Harris, people would “buy a house for $500,000 and then the next year it’s gone up to $550,000 and then they capture that gain and you’ve got to write a check for a portion of that and just send the check to the government.”
People would not be able to “scrounge up all that money,” he added while in Sarasota Wednesday.
Harris also proposed the “first ever federal ban on price gouging on food” Friday during her economic proposals, and DeSantis denounced that as well.
“I can tell you if they do that, we’re going to end up having bread lines to be able to get food at the supermarket,” DeSantis said, arguing that federal “borrowing and spending” and sticky interest rates were the real issues with the economy.
DeSantis also said Harris’ position far exceeds any socialist ideas from recent previous Democratic candidates for President.
“I opposed whatever Hillary Clinton was selling in 2016, Barack Obama … (but) none of them ever did anything or tried to do anything that would be this destructive,” DeSantis said regarding the Democratic nominee’s economic agenda.
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The Associated Press contributed to this report.
26 comments
PeterH
August 21, 2024 at 12:05 pm
Hand wringing, fear mongering and conspiracy theories before a policy is fully developed and implemented is all Republicans have left.
Day 31
August 21, 2024 at 12:12 pm
Who determines price gouging? She is part of the current administration that has ramped up inflation in the first place. Now she is going to do something about it on day one. Hilarious. Her proposals, that she has yet to defend with any media outlets, will simply add more fuel to the inflation fire that she and Joe created.
Michael K
August 21, 2024 at 12:22 pm
Ask Ashley Moody: She determines who is price gouging in Florida.
JustBabs
August 22, 2024 at 5:04 pm
Apparently, Moody throws those price-gouging complaints from Floridians in the trash. Not even an investigation. No concerns, whatsoever.
Yrral
August 21, 2024 at 12:35 pm
The government do not tell you how to spend your money, maybe by stopping giving Trump political handouts,you would have some money
Recovering Republican
August 21, 2024 at 12:55 pm
“She is part of the current administration that has ramped up inflation in the first place.”
Have a source for this, chief? Because inflation has been a worldwide issue since Covid, and the United States has seen the lowest rate of inflation in the Western World over the last 4 years.
Day 31
August 21, 2024 at 1:45 pm
Inflation was less than 2 percent when Biden took over. Do I need to remind you of the price of a gallon of gas as well? Of course there are the consumables and wow I just got my auto insurance renewal. Of course Kammy will never accept any responsibility for this inflation. The media won’t challenge her on it either.
Michael K
August 21, 2024 at 2:39 pm
Thank DeSantis and the Republican legislature for rising homeowners and auto insurance – higher than anywhere else in the nation. They’ve done nothing but line their pockets with donations and grift.
Did you know that auto insurance is 48% higher in Florida than the national average – and that homeowners insurance is three times the national average?
Day 31
August 21, 2024 at 2:51 pm
Auto insurance was high long before DeSantis took office. I briefly left Florida a number of years ago and the state I moved to temporarily had higher auto insurance. With regards to homeowners insurance there was a 60 minute segment after Ian went through Ft Meyers and the insurance subject came up. Roughly 80% of homeowners claims in the entire country come from Florida. You can thank hurricanes and insurance scammers for that one.
Day 30
August 21, 2024 at 6:06 pm
Well we can also talk about the Biden / Harris administration’s over estimate of 818,000 jobs from the last year. The biggest correction to a jobs report in over 15 years.
Tjb
August 21, 2024 at 10:02 pm
Day 31
If Trump had a second term, he would have faced the same inflation issues that the Biden Administration were forced to correct.
Rick
August 22, 2024 at 2:11 pm
Here is your SOURCE!!! Trump at the end of his term 1.4% inflation. Biden, by printing money ramped that up to 9.0% at it’s peak. You have to add all of it together. All pricing is up an aggregate of 20%. Prices continue to rise slowly, but at an historically unacceptable rate in the US. Sorry to hear that you are mentally regressing.
Dont Say FLA
August 21, 2024 at 1:19 pm
What was that again? You were thanking the Biden Harris administration for avoiding the Turnip Truck Depression, reducing severity to some inflation, and even that’s better at just 2.9% Right-o, that’s what I thought you said!
Dee
August 22, 2024 at 11:00 am
That is the Republican way. Boogeyman last year was drag queens, books , lgbtq … this year it is they are communists and socialists… look it up in the dictionary.. I always consider the source. Like with Trump he lies so I never believe a word he says. Desantis is quite the sue happy guy now..
Linda Bloomfield
August 22, 2024 at 11:29 am
Maybe there’s another Kamala in a parallel universe? Our Kamala said, addressing housing shortages and helping home buyers
“And by the end of my first term, we will end America’s housing shortage by building 3 million new homes and rentals. … While we work on the housing shortage, my administration will provide first time homebuyers with $25,000 to help with the down payment on a new home.”
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THE FACTS: These promises could end up working at cross-purposes. By helping more Americans afford homes, the Harris proposal to subsidize down payments would almost certainly increase demand, at a time when estimates of the U.S. housing shortage already range from 3 million to as high as 7 million.
Harris’ proposal to provide tax incentives to builders to encourage more home and apartment construction would address that concern, but there are many reasons experts cite for the housing shortage, including restrictive zoning laws, higher costs for building materials, and even shortages of construction workers, which tax incentives can’t address.
Harris is also promising to cut red tape that restricts new building, but that is mostly a state and local concern, and many localities are already moving to make it easier build homes.
Michael K
August 21, 2024 at 12:30 pm
Yap yap yap. Fear, fear, fear. doom, gloom, woke.
This is from the man who stupidly refuses to expand Medicaid, and is currently refusing federal assistance, and allowing children in Florida to go hungry.
Think again of you think Ron DeSantis cares about anyone but himself and his billionaire donors.
Dont Say FLA
August 21, 2024 at 1:17 pm
Why is Rhonda threatening to manufacture bread lines for all Floridians if the GOP’s spectacularly bad candidates loses once again.
That seems really petty and sad and really weird too. Oh, right, that’s why Rhonda is saying that!
Ocean Joe
August 21, 2024 at 4:12 pm
People in Florida are finding their homes unaffordable due to increases in insurance costs, their condos worthless and unsellable due to HOA construction repair fees.
I think the governor is mixed up about who is bringing the breadlines.
Ocean Joe
August 21, 2024 at 4:13 pm
They’ve already sold us out with the insurance fix, the legislature needs a special session to adjust the condo bill.
Michael S
August 21, 2024 at 5:02 pm
DeSantis said that under a President Harris, people would “buy a house for $500,000 and then the next year it’s gone up to $550,000 and then they capture that gain and you’ve got to write a check for a portion of that and just send the check to the government.”
Hey, Ron….not sure if you cannot read or if you just enjoy telling lies. Neither is very flattering in the role as a state governor.
Biden’s budget document plainly states the unrealized gain provision only applies if a net worth calculation exceeds $100 million. For some strange reason, I don’t imagine they buy houses for $500,000 except maybe their pool cabana.
MarvinM
August 21, 2024 at 6:01 pm
DeSantis either has no idea what he is talking about, or he is deliberately leaving out important information in order to scare people to vote for Trump.
It seriously only took me two minutes to find information that said that the 25% tax only applied to the “ultra-wealthy” and find this from Bitcoin(dot)comNews “This plan seeks to raise capital gains to 44.6% and introduces a 25% minimum tax on unrealized gains for Americans with over $100 million in wealth.”
Likewise, whether you have to pay any capital gains tax in any given year depends on your individual tax situation. But if you are a normal, not super rich person, it’s likely you will have zero tax impact from Harris’ tax proposal.
Might have been nice if DeSantis had mentioned that.
Bill
August 21, 2024 at 6:21 pm
I think the maga types like low information voters. This reading stuff and thinking will not be tolerated /s
No more MAGAts
August 22, 2024 at 8:01 am
Education is key to overcoming this MAGA plague. Educate yourselves as to what is really happening and that doesn’t mean Fox fake news! That’s why they want to ban books, dismantle public education, and just like Ronnie here; fear monger. Strip the truth from the idiots dumb enough to follow. You know… those high school drop outs like “day 31 above. You got nothing! Face it the MAGAts are over and we can help you pack! We will give you Texas and you can all move there next to your precious border.
Day 32
August 22, 2024 at 9:10 am
FOX is fake? That is the funniest thing I have read here in a while. Do tell us about the coverup on Joe’s mental condition by MSNBC, CNN, all the major networks and such. I am laughing my azz off.
cassandra was right
August 22, 2024 at 10:38 am
Fox is fake.
“Fox Will Pay [Dominion] $787.5 Million to Settle Defamation Suit”
“…. frantic scramble inside Fox as it started losing audience share to competitors, like Newsmax, that were more willing to report on and endorse false claims about a plot involving Dominion machines to steal the election from Mr. Trump.
….employees at Fox…were scornful of Mr. Trump and his allies as they spread lies about voter fraud, questioning the legitimacy of Mr. Biden’s election. Some at Fox mocked Mr. Trump and his lawyers as “crazy” and under the influence of drugs like L.S.D. and magic mushrooms.
Some Fox hosts privately described their colleagues as “reckless” for endorsing Mr. Trump’s false claims, acknowledging that there was “no evidence” to back them up….” NYT
Delusions
August 22, 2024 at 8:59 pm
When did sand blocks start costing 500,000 for a couple of dozen… And incentive by increasing the value of you make a mortgage become commodity..
The rant about freedom. But that’s more potatoes to pick. Someone has to grow the cotton and linen
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