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Mark Cuban Backs Trump's 'Billionaire's Tax' on Chip Sales

8/14/2025

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Summary

Story summary

Mark Cuban lauded President Trump's initiative requiring Nvidia and AMD to contribute 15% of their chip sales revenues in China, dubbing it a "billionaire's tax." He took aim at progressive Democrats for their lack of similar proposals, emphasizing that this could yield $3 billion for the federal government, marking a substantial opportunity for revenue generation.

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Story summary

Mark Cuban lauded President Trump's initiative requiring Nvidia and AMD to contribute 15% of their chip sales revenues in China, dubbing it a "billionaire's tax." He took aim at progressive Democrats for their lack of similar proposals, emphasizing that this could yield $3 billion for the federal government, marking a substantial opportunity for revenue generation.