U.S. Vice President Kamala Harris speaks on Medicare drug price negotiations during an event with U.S. President Joe Biden in Prince George’s County, Maryland, U.S., August 15, 2024.
Elisabeth Franz | Reuters
Vice President Kamala Harris A new set of economic proposals will be unveiled on Friday that she will prioritize during her first 100 days in office. The policies aim to lower the cost of groceries and prescription drugs, expand affordable housing and cut taxes for the middle class.
Democratic presidential candidate will visit battleground state North Carolina to deliver first dedicated policy speech as president Joe Biden Withdrawing from the race in late July catapulted her into the top spot.
“These bold actions will address some of the most acute pain points facing American families and strengthen their financial security,” the Harris campaign said in a fact sheet on the plan Friday.
groceries and food
To address high grocery prices, Harris will work with Congress to advance the first-ever federal ban”Corporate price gouging“About food and groceries.
This will include setting clear “rules of the road” so that businesses “cannot unfairly take advantage of consumers to achieve exorbitant corporate profits,” according to the fact sheet.
To investigate and punish alleged violations, Harris will empower the Federal Trade Commission and state attorneys general.
The Harris administration will also take an aggressive regulatory approach to proposed mergers and consolidations among the largest food producers.
Affordable Housing and Rent
Harris’ plan would help Tenants who are short of money Stop data companies from raising rental rates and stop Wall Street investors from buying up homes in bulk and reselling them at a premium.
U.S. President Joe Biden raises the hand of Vice President Kamala Harris during a Medicare drug price negotiation event in Prince George’s County, Maryland, the United States, on August 15, 2024.
Ken Cedeno | Reuters
Harris will also call for the United States to build 3 million new housing unit over the next four years. To promote this, she will call for new tax incentives for builders building “starter homes”.
Any changes to the tax code would require congressional approval and depend largely on which party controls the House and Senate.
As the supply of entry-level housing expands, the Harris plan would “provide up to $25,000 in down payment assistance to working families who pay two years of rent on time and purchase their first home, as well as more generous support for first-time homebuyers.” Lord,” according to the fact sheet.
medical expenses
Harris will seek to expand the Biden administration’s landmark $35 insulin price cap for Medicare beneficiaries to cover insulin for all Americans, not just seniors.
On March 26, 2024, US President Joe Biden, Vice President Kamala Harris (not seen) and North Carolina Governor Roy Cooper (not seen) gave a speech about medical treatment in Raleigh, North Carolina, USA. Health care speech.
Peter Zay | Anadolu | Getty Images
Similar to cost-cutting initiatives in the food industry, Harris’ health care policies rely in part on tighter regulations and tough antitrust enforcement.
The Harris campaign said the plan calls for “a crackdown on abusive practices by drug companies and pharmaceutical middlemen that hinder competition.”
tax cuts
Restoring the expanded child tax credit first introduced during the pandemic is a long-standing goal of the Biden administration, and one Harris will pursue if elected president.
She would also go a step further, proposing tax breaks of up to $6,000 for families with newborns.
The Harris campaign called this year “the most expensive year for many families on cribs, diapers, car seats and more.” The report also noted that many parents without access to paid leave are forced to choose between spending time with their children and working enough hours to make ends meet.
bet
Just three weeks into campaign, Harris erases former president’s polling advantage Donald Trump Biden.
But the vice president has largely avoided policy details, choosing instead to draw comparisons with Trump.
The speech in the Tar Heel State will give her a chance to lay out an economic vision that builds on, or departs from, parts of the Biden administration’s economic record.
Harris appeared with Biden in Maryland on Thursday to tout a deal with drugmakers to lower the cost of 10 of the most expensive drugs Prescription drugs under Medicare.
U.S. President Joe Biden hugs Vice President Kamala Harris during a Medicare drug price negotiation event in Prince George’s County, Maryland, the United States, on August 15, 2024.
Elisabeth Franz | Reuters
The landmark negotiations – made possible by the Inflation Reduction Act, Biden’s core spending legislation – will result in net savings to Medicare of approximately $6 billion. Officially effective by 2026, according to the government.
The vice president’s speech came two days after Trump delivered an economic-focused speech in North Carolina.
Speaking in Asheville, Trump attacked Harris personally while blaming her for high consumer prices that Biden has spent much of his presidency trying to reverse.
Recent polls show states that Trump won in both the 2016 and 2020 presidential elections are now within reach for Harris in 2024.
A new round of battlefield opinion poll results Data released by the Cook Political Report on Wednesday showed Harris leading Trump by 1 percentage point in North Carolina, 48 to 47, still well within the survey’s margin of error.
