Before the campaign starts in earnest the Harris people have released the economic plan that she will pursue….not that it will ever become the law of the land….her plans sounds a lot like the ideas from Biden and very little is sounded progressive…..
That said why not look at her proposals…..
Vice President Kamala Harris is set to make her most significant economic policy announcement yet, to include a proposed ban on price gouging in the food sector and a crackdown on corporations. Harris will unveil her economic plan Friday in Raleigh, North Carolina, and the proposals described or hinted at in advance of the announcement indicate “a sharp escalation in the economic populism” of President Biden, reports the Washington Post. Here’s what to expect, according to CNN, NPR, and Reuters:
- “The first-ever federal ban on price gouging on food and groceries … to make clear that big corporations can’t unfairly exploit consumers to run up excessive corporate profits,” the campaign says, per the Post.
- Tax breaks the campaign says will lead to 3 million new housing units over four years, moving beyond a Biden administration proposal to allow 2 million new and renovated homes.
- Limit tax breaks for corporate investors that buy up large numbers of single-family rental homes.
- A ban on rental price-fixing.
- $25,000 for more than 1 million first-time home buyers to help with the down payment, up from a $10,000 tax credit proposed under Biden.
- A $40 billion fund to help local governments finance innovative housing construction, up from a $20 billion proposal under Biden.
- End federal income taxes on tips, also backed by former President Trump.
- Expand the child tax credit to $6,000 for families with newborn children.
- A push to lower healthcare costs and cancel medical debt.
A few are ambitious….my problem is words are cheap how will she accomplish all these promises?
Let’s look at the one that is on everyone’s mind…..the high cost of food….
Economic justice advocates on Thursday applauded the Harris campaign’s announcement the Vice President Kamala Harris is planning to unveil a historic ban on food and grocery price gouging amid widespread discontent about costs that have ballooned by 26% in the last five years.
The Democratic presidential candidate is expected to unveil the proposal for the first-ever federal price gouging ban at a rally in Raleigh, North Carolina on Friday, detailing plans to direct the Federal Trade Commission (FTC) to impose “harsh penalties” on companies that hike food prices to pad their profits.
As president, the campaign said late Wednesday, Harris would set “clear rules of the road to make clear that big corporations can’t unfairly exploit consumers to run up excessive corporate profits on food and groceries,” building on actions President Joe Biden has taken, such as the creation of a Strike Force on Unfair and Illegal Pricing and his guidelines aimed at reining in corporate mergers.
The rules would be introduced in Harris’ first 100 days in office, should she win the presidential election in November.
https://www.commondreams.org/news/kamala-harris-north-carolina
I see Bernie is on-board with these ‘promises’….
U.S. Sen. Bernie Sanders praised the economic agenda outlined Friday by Democratic nominee Kamala Harris as “an important step forward in making our country a fairer and more just society.”
While acknowledging that the vice president’s slate of proposals does not go as far as he “would like,” Sanders said it is “an economic agenda that begins to speak to the needs of working families and takes on the unprecedented corporate greed that is taking place throughout America.”
“At a time when the price of healthcare is soaring, Vice President Harris understands that we need to cancel medical debt in America,” said Sanders. “At a time when we have a major housing crisis, with 650,000 people experiencing homelessness, Vice President Harris understands that we have to build at least 3 million units of affordable housing, provide a $25,000 down payment for first-time homebuyers, and prevent corporate landlords from jacking up rent.”
https://www.commondreams.org/news/sanders-harris-economic-agenda
Is this truly a plan Bernie would propose?
Good question and we may never know the answer.
Sadly I will not hold my breath waiting for these ‘plans’ to be implemented….right now it is so much noise of a campaign….there is NO proof in the pudding so to speak.
Odd that after high prices plaguing the population and the Dems come up with a plan just before an election makes me doubt their sincerity.
We will see just how gung-ho they are after the election.
I Read, I Write, You Know
“lego ergo scribo”
“Odd that after high prices plaguing the population and the Dems come up with a plan just before an election makes me doubt their sincerity.”
A little cynical this morning are we? I’d say coming up with a plan earlier than this ould just have doomed it as no way would the House Republicans have let it pass.
No matter how bad the timing,it’s progress in making things fairer for the consumer and will make life more manageable for many people. Judge the Democrats only if there is no progress on this after the election promises have been made. Hugs
This has little chance of implementation even if she wins….lobbyists have buckets of cash to see that it does not. chuq
I bow to your greater knowledge my friend. I admit to being a little naive in my hopefulness. Hugs
I have watched too many campaigns and promises to be optimistic….chuq
Politicians can promise anything in the run-up to an election to attract votes. Then if they win, they already have the excuses prepared as to why it is too expensive to actually implement the promised policies.
Best wishes, Pete.
Excuses should not be considered….do what you say and let the chips fall chuq
attempts to stop price gouging will do nothing but cause food shortages on store shelves…. there is no way to counter sons of bitches except by massive boycotts and the American People are too damned lazy to organize a massive boycott– so a Harris win is going to do nothing but keep inflation going at a frenetic pace and get worse with each passing day — and the poor damned consumer ain’t got a chance.
I still do not see how we can boycott food……Congress will make any attempt a wet noodle….typical politician promises and typical politician lies./ chuq
You don’t boycott food…. you boycott the crooked stores that gouge the prices on the food.
That is every store that people use damn near. chuq
Have not heard how all that would be paid for without increasing the deficit and national debt.
That is what politicians do….make promises and leave out just how they could accomplish them….I have an idea but no one will like it. chuq