Did You Know? Vice President Harris' Economic Agenda
Vice President Kamala Harris recently unveiled a comprehensive economic agenda aimed at addressing the financial challenges faced by many American families. Speaking in Raleigh, North Carolina, Harris presented a series of proposals that stand in stark contrast to the economic vision of her opponent, former President Donald Trump. Let's examine the key components of Harris's plan and their potential impact on American households.
Harris's economic agenda includes:
A federal ban on corporate price gouging for food and groceries
A $6,000 child tax credit for families with a child under one year old
$25,000 in down payment assistance for eligible first-time homebuyers
Tax incentives to encourage the construction of starter homes
Measures to reduce drug costs, including insulin and other prescription medications for everyone
A goal to build 3 million new homes and rental units by the end of her first term
Plans to cancel medical debt for millions of Americans
Tax cuts for frontline workers
Efforts to lower health insurance costs on the Affordable Care Act Marketplace
In her speech, Harris also took aim at Trump's economic proposals, particularly his plan for import tariffs. Citing estimates from the Center for American Progress Action Fund, she claimed that Trump's tariff plan would cost the average family an additional $3,900 per year.
To fund this ambitious agenda, Harris proposes raising taxes on corporations and wealthy individuals. This approach reflects a significant ideological difference between the two candidates' economic philosophies.