CNN
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Vice President Kamala Harris plans to announce Friday what her marketing campaign is describing as a four-year plan to decrease housing prices, together with $25,000 in down cost help for first-time owners and actions geared toward spurring the development of recent housing, together with tax incentives for constructing starter properties.
Harris intends to announce this plan as part of a broader financial coverage speech in North Carolina. As CNN has beforehand reported, the vp can also be saying a proposal for a federal ban on price gouging geared toward decreasing grocery prices.
Marketing campaign officers had additionally stated that she plans to deal with on Friday prescription drug costs in her coverage rollout. That had been the main focus of a Thursday occasion in Maryland, the place Harris and President Joe Biden appeared together on stage for the primary time because the president dropped out of the 2024 race.
Excessive prices of housing and meals have been among the most cussed financial challenges for the Biden-Harris administration, as Biden has acquired low marks on his dealing with of the economic system extra broadly. White Home officers in current days have touted falling inflation but additionally acknowledged that costs for a lot of items stay too excessive, making a disconnect between vivid spots within the economic system and public sentiment.
“We hear you. The president hears you. The vp hears you,” Council of Financial Advisers chairman Jared Bernstein stated Wednesday in a White Home information briefing when requested about Individuals who don’t consider the economic system is in higher form now than when Biden first took workplace.