KIND founder on Biden tax hikes: 'I absolutely am comfortable paying a little bit more'
'All people that are fortunate like I can afford to pay a little bit more,' Daniel Lubetzky tells FBN
KIND founder and Executive Chairman Daniel Lubetzky shares his thoughts on the 2020 election and potential policies under the Biden administration.
It’s time for America to come together under a Biden administration, even if that means higher taxes for the wealthy, KIND founder Daniel Lubetzky told FOX Business’ “Cavuto: Coast to Coast" Tuesday.
“I absolutely am comfortable paying a little bit more taxes because there’s people that have been left behind during this pandemic,” Lubetzky told host Neil Cavuto. “The rising gap – it’s not good for anybody… for people to be so left behind.”
Even though Lubetzky doesn’t have a problem with paying more, he urged the government to implement incentives for continued investment in large companies. Lubetzky said his will to grow KIND from his initial $10,000 investment sprouted from the acknowledgment of long-term payoff.
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“It would be a huge mistake if they do away with incentives,” he said. “I don’t think I would’ve had the fortitude to invest and invest and generat[e] thousands of jobs out of nothing if I didn’t know that the long-term incentives would be there for me to have a lower tax rate.
“At some point, tax rates are too onerous but I think we can all afford to – all people that are fortunate like I – can afford to pay a little bit more of our fair share,” he went on.
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As a “proud” independent, Lubetzky advocated for bridging the gap between political parties. The son of a Holocaust survivor and a Mexican immigrant, he stressed the importance of unifying as a nation once again.
“I remember, when I arrived in America, how proud I was of the system where people could disagree but still have a coffee together,” he said. “I think it’s essential for our nation to fulfill its maximum potential."