Tim Stewart: Harris’ plan to tax unrealized capital gains will create energy scarcity

U.S. Oil and Gas President Tim Stewart explains how Vice President Kamala Harris’ proposed 25% tax on unrealized capital gains will negatively impact the energy industry. “80% of all the new oil and gas brought on line in the United States is brought on by small, independent companies,” he says. “And the unrealized capital gains tax that the Harris campaign floated last week, that is going to create a liquidity nightmare for my industry."