Kamala Harris to unveil economic plan to ban price gouging on groceries and build three million new homes

Kamala Harris is set to unveil her economic policy today including a ban on price gouging on groceries, plans to build three million new homes and the slashing of prescription drug costs.

In her first major policy speech focusing on the economy in Raleigh, North Carolina, on Friday, the vice president will outline plans to tackle high grocery prices by taking on food and grocery corporations who hike the cost of goods for customers to unfair levels.

The Democratic presidential candidate will announce “the first-ever federal ban on price gouging on food and groceries — setting 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,” her campaign said in a statement.

The ban could come into effect within the first 100 days if Harris wins November’s election and takes the White House.

Any companies that break the new limits on price gouging would face “harsh penalties” from the Federal Trade Commission,The Washington Post reported.

Harris posted on X: “When I am President, it will be a day one priority to bring down prices. I’ll take on big corporations that engage in illegal price gouging and corporate landlords that unfairly raise rents on working families.”

Housing is another top economic priority for the presidential candidate, with plans to build three million new homes and bring in tax incentives for builders that could help first-time buyers, reported Reuters.

Plans also include a $25,000 credit for first-time home buyers, which could be claimed by more than one million people.

More details of her economic plans are expected to be laid out in the speech today.

Her move to hold the speech in North Carolina signals how