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Harris outlines an ‘opportunity economy’ centered on cutting food, housing, family costs
Vice President Kamala Harris on Friday delivered an economic policy pitch aimed to appeal to middle-class voters by focusing on lowering the costs of food, housing, health care and childcare.
In a speech in Raleigh, North Carolina, the Democratic presidential nominee sketched a vision of what she described as an “opportunity economy,” with basic financial security at its core.
Her plan would impose a federal ban on price gouging on groceries, enact a new $6,000 child tax credit for families with newborn children and give first-time home buyers $25,000 in down-payment support, among a slew of other proposals.
Harris framed it in stark contrast to the proposals put forward by her rival, former President Donald Trump.
She blasted the Republican nominee’s support for sweeping tariffs on imported goods as a “Trump tax,” while accusing him of seeking to cut taxes on billionaires and corporations.
“I think that if you want to know who someone cares about, look who they fight for,” Harris said.
While still light on specific details, her plans have already garnered fierce criticism from Republicans and economic analysts who have warned that they veer toward government price fixing.
“Having the government set prices is a really, really big mistake,” said Kevin Hassett, a top economic advisor in the Trump White House, during a press call earlier Friday.
The nonprofit Committee for a Responsible Federal Budget, meanwhile, estimated that the policies in Harris’ economic plan would raise deficits by $1.7 trillion over the next 10 years.
Friday’s address was Harris’ first policy speech since she took over from President Joe Biden following his withdrawal from the race last month.
With less than 90 days until Election Day, Harris is working to take credit for the Biden administration’s economic accomplishments, while trying to flip the script on a key issue where her predecessor got consistently low marks.
Here’s what else her economic plan includes, according to her campaign.
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