United States: VP Harris will spell out a fresh batch of economic policies she intends to advance during her first 100 days in the White House on Friday.
They are reducing the cost of groceries and prescription drugs, increasing affordable housing, and decreasing taxes for middle-income families.
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The Democratic presidential nominee will visit the swing state of North Carolina to make her first policy speech following President Joe Biden’s dropping out of the race in mid-July.
According to the Harris campaign stated on Friday, “These bold actions will address some of the sharpest pain points American families are confronting and bolster their financial security,” as CNBC reported.
About groceries and food
While combating the high prices, which are still problematic across America, Harris would help pass the first federal law prohibiting “corporate price-gouging” in the sale of foods and groceries.
As per the fact sheet, this would include setting proper “rules of the road,” which would lead corporations “can’t unfairly exploit consumers to run up excessive corporate profits,” as CNBC reported.
Harris would give new authority to the Federal Trade Commission and state attorneys general to pursue and punish alleged violations.
The Harris administration also promised to attempt to block many of the biggest merger and consolidation proposals in food production.
About affordable housing and rent
Harris’s plan would benefit low-income renters by stopping data companies from raising rental rates to sky-high, stopping Wall Street investors from buying up as many houses as possible and reselling them at heftier prices.
Harris will also call for the building of three million new housing units in four years for the U. S. To that end, she will demand new tax credits for builders who erect “starter homes.”
Moreover, as the supply of entry-level homes grows, the Harris plan would “provide working families who have paid their rent on time for two years and are buying their first home up to USD 25,000 in down-payment assistance, with more generous support for first-generation homeowners,” as per sheet records.
About Health care costs
Harris will attempt to extend the Biden administration’s decision to fix the price of insulin at USD 35 for Medicare beneficiaries to all insulin users and not the elderly as conceived.
As with her cost-cutting plans for the food industry, Harris’ healthcare policy depends upon stricter rules, and thus, plans were called for “cracking down on pharmaceutical companies who block competition and abusive practices by pharmaceutical middlemen,” as Harris’s campaign stated.