CNN
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Vice President Kamala Harris on Friday is anticipated to name for a federal ban on value gouging to decrease grocery costs and on a regular basis prices for Individuals in her first economic policy speech in Raleigh, North Carolina.
The proposal is a part of Harris’ efforts to stop companies within the meals and grocery industries from climbing costs on shoppers and is one part of a bigger plan she is going to roll out to deal with excessive prices and inflation, in response to a information launch from the Harris marketing campaign.
As a part of her first 100 days in workplace, the vp’s marketing campaign mentioned she would implement a plan to maintain prices down that features authorizing the Federal Commerce Fee and state attorneys normal to research and implement harsh penalties on corporations that violate the federal ban, assets that may detect price-fixing, and extra help for small companies to doubtlessly develop into rivals of enormous corporations.
Harris’ coverage speech comes because the economic system stays a vital problem for voters. An NPR/PBS News/Marist poll released final week discovered that Individuals belief former President Donald Trump over Harris to deal with the economic system – however opinions have been carefully cut up, with 51% saying Trump can be higher at dealing with the economic system whereas 48% mentioned Harris.
Harris on Saturday backed the elimination of taxes on tips for hospitality and service workers, endorsing a coverage first recommended by Trump. The proposal was one of many first notable insurance policies the vp has supplied since ascending to the highest of the Democratic ticket final month.
In her speech, Harris will draw a distinction between her and Trump’s financial agendas and argue that his plan would improve inflation and prices for middle-class households. She will even make the case that former president’s financial coverage will impose hidden tariffs on on a regular basis home goods.
Forward of Trump’s financial speech on Wednesday in Asheville, North Carolina, the Harris marketing campaign blasted the previous president over his agenda.
“It doesn’t matter what he says, one factor is for certain: Trump has no plan, no imaginative and prescient, and no significant curiosity in serving to construct up the center class. We already know who Trump’(s) Venture 2025 financial agenda is designed to learn: Donald Trump and his rich buddies,” the marketing campaign mentioned in a information launch.
The marketing campaign additionally criticized Trump’s file throughout his presidency, arguing he “value the nation tens of millions of jobs, left us on the point of a recession, and gave large handouts to billionaires and massive companies.”
Whereas costs nonetheless stay excessive for Individuals, the Harris marketing campaign touted the Consumer Price Index launched on Wednesday, a key report measuring inflation that confirmed value hikes slowed greater than anticipated in July and, for the primary time in additional than three years, landed beneath 3%.
“Inflation is at its lowest in over three years and our economic system is robust,” Harris marketing campaign spokesperson Joseph Costello mentioned in a press release. “Donald Trump’s agenda would take us backwards, giving tax handouts to the identical huge companies which might be value gouging Individuals, whereas elevating costs on the center class by $2,500 and driving our economic system right into a recession.”
Throughout her remarks, the marketing campaign mentioned, Harris will spotlight her “lifelong dedication to combating for the center class,” and clarify to voters that decreasing prices will likely be a “day one precedence.”