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Vice President Kamala Harris chose Raleigh, North Carolina, to share her economic policy agenda since the state is touted as a pivotal battleground state both she and former President Donald Trump will work to win in November read more
 "10 things that define Kamala Harris' economic agenda ahead of November polls")
US Vice President Kamala Harris. Source: X/@KamalaHarris
US Vice President and Democratic Presidential nominee for the 2024 US Elections, Kamala Harris shared more details about her economic agenda while addressing a rally in North Carolina on Friday. As the crowd chanted “New way forward,” Harris emphasised that her policies are focused on the future.
The vice president chose Raleigh, North Carolina, to share her economic policy agenda since the state is touted as a pivotal battleground state both she and former President Donald Trump will work to win in November.
“This election I do strongly believe is about two very different visions for our nation,” Harris told the charged-up gathering. “One is ours, focused on the future. The other is focused on the past. We see that contrast clearly in many ways, including when it comes to how we think about the economy,” she added. It is pertinent to note that this is the first time Harris shared her economic policy agenda after clinching the Democratic ticket.
The exit of her boss, US President Joe Biden, paved the way for her to take the party to the 2024 polls. “As president, I will be laser-focused on creating opportunities for the middle class that advance their economic security, stability and dignity. Together, we will build what I call an opportunity economy,” she said.
What are her economic policy agendas?
Here’s a glimpse of What Harris’ economic policy agenda entails:
Grocery Prices: In her first 100 days, Harris pledged to help the US Congress to pass a national ban on “price gouging” for food and groceries, as well as give the Federal Trade Commission and prosecutors authority to go after companies they determine are price gouging. She also vowed to “aggressively” investigate price-fixing in meat supply chains specifically.
Housing Costs: Harris also pledged to provide $25,000 down payment assistance to first-time homeowners. She also called for the creation of three million new housing units within the next four years.
Child Tax Credit: Harris proposed to give families a $6,000 tax credit for newborns in their first year of life. She also plans to restore a pandemic-era tax credit of $3,600 per child for middle and lower-class families.
Rental Costs: Harris also promised to expand a tax credit for housing developers so that they can build affordable rental units. She pledged to stop “predatory investors” who buy up rental units and eventually raise prices.
Prescription Drug Price: The vice president proposed a $35 cap on insulin and capping out-of-pocket expenses on prescription drugs at $2,000 per year on Friday. The promise came after US President Joe Biden announced a deal lowering costs on 10 medications—and cracking down on anti-competitive practices in the pharmaceutical industry that cause spikes in prices.
Miss on Paid leaves and minimum wage: During her North Carolina address she missed out on talking about a specific paid leave proposal. But previously she co-sponsored 12-week paid leave legislation Patty Murray. “I absolutely believe that when they are in office, we will get a paid leave bill done finally,” she told Politico. Meanwhile, Harris called for raising the minimum wage in a Las Vegas speech earlier in August, but her campaign did not specify by how much.
Fed Independence: The democratic leader also pledged to maintain the independence of Federal Reserves. This came after Trump said that “the president should have at least [a] say” on the Federal Reserve’s decisions.
Healthcare: Another interesting plan is Harris’ promise to work with states to cancel Americans’ medical debt. She also proposed expanding subsidies for Affordable Care Act plans that would save health insurance customers an average of $700 on their health insurance premiums.
No Tax on Tips: The vice president also supported the plan to get rid of taxes on tips for hospitality and service workers, a controversial proposal pushed by Trump in the past.
Taxes: Harris also expressed her desire to expand the Earned Income Tax Credit for workers in lower-income jobs. Experts believe that this would cut taxes by up to $1,250, Forbes reported. In the past, she has said that she would continue Biden’s promise to not raise taxes on American households earning $400,000 or less annually.
While Trump’s campaign is yet to hit back, Harris’ police agenda is garnering significant attention among the American working class.
With inputs from agencies.
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English (US) ·