Harris has offered a string of new economic proposals. Here’s a closer look at what’s in them
WASHINGTON (AP) — Vice President Kamala Harris is out with a string of new economic proposals focused on food prices, taxes, housing and medical costs that she says will empower the middle class.
The plans constitute the first major policy proposals that Harris has released in the nearly four weeks since President Joe Biden bowed out of the race and endorsed his vice president.
A look at what Harris is proposing:
Food prices
After years of polling showing that Americans are worried about inflation, Harris is aiming to contain prices where they have often been most conspicuously felt — at the grocery store. She’s promising to, during her first 100 days in office, send Congress proposed federal limits on price increases for food producers and grocers. Harris also is seeking new authority for the Federal Trade Commission and attorneys general in states across the country to enact steeper punishments for violators. She also wants to use government regulators to crack down on mergers and acquisitions among large food industry businesses that the vice president argues have contributed to higher prices.
Housing
Harris is calling for the construction of 3 million new housing units over four years, which she says will ease a “serious housing shortage in America.” She also plans to promote legislation creating a new series of tax incentives for builders who construct “starter” homes sold to first-time homebuyers.
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