Vice President Kamala Harris is expected to announce her campaign’s first concrete economic policy on Friday, including a promise to implement federal price controls on groceries, homes, and prescription medications. Details about these new policies, which will be unveiled in full at a Harris campaign rally in Raleigh, North Carolina, are intended to crack down on supposed “price gouging” from landlords and corporations.
According to early reports, Harris’ policies will cap out-of-pocket costs for prescription drugs, limit rent increases, and impose price regulations on grocery stores (which already operate on razor-thin 1-3 percent profit margins). Campaign insiders also report that she will announce a $25,000 government subsidy for first-time home buyers and call for the construction of 3 million new houses.
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“When I am President, it will be a day one priority to bring down prices,” the Democratic nominee wrote on X ahead of the rally. “I’ll take on big corporations that engage in illegal price gouging and corporate landlords that unfairly raise rents on working families.”
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.
— Kamala Harris (@KamalaHarris) August 15, 2024
Connor Walcott is a staff writer for Valuetainment.com. Follow Connor on X and look for him on VT’s “The Unusual Suspects.”
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