World Courant
Vice President Kamala Harris unveiled her financial agenda on Friday, after urging her marketing campaign to concentrate on coverage following an unprecedented rise on the Democratic ticket.
Harris introduced her plans at a rally in Raleigh, North Carolina, an important state that Harris and former President Donald Trump are collectively vying to win in November.
“I really imagine that this election is about two very totally different visions for our nation,” Harris stated. “Ours is one that’s centered on the longer term. The opposite is concentrated on the previous. We see that distinction clearly in some ways, together with how we take into consideration the financial system.”
Harris added: “As president, I’ll focus solely on creating alternatives for the center class that improve their financial safety, stability and dignity. Collectively, we’re constructing what I name a chance financial system.”
In her speech, Harris sought to distinction her views with Trump’s, portraying him as somebody who “fights for billionaires and large companies,” whereas she “fights to present a reimbursement to working People and the American center class.”
Vice President Kamala Harris speaks throughout a marketing campaign occasion on the Hendrick Heart for Automotive Excellence at Wake Tech Group Faculty’s Scott Northern Wake Campus in Raleigh, N.C., Aug. 16, 2024.
Mike Stewart/AP
One of many measures Harris introduced is a plan to assist first-time homebuyers afford as much as $25,000 in down fee help.
The marketing campaign guarantees that in her first time period, the Harris-Walz administration will present as much as $25,000 in down fee help to working households who’ve paid their lease on time for 2 years and are shopping for their first residence, with expanded assist for first-generation owners.
She additionally referred to as for the development of three million new properties to handle the housing scarcity, saying she would “ensure that these properties truly go to working and middle-class People, not simply buyers.”
Harris additionally proposed a federal ban on overpricing for meals and groceries.
“My plan will embody new penalties for opportunistic corporations that exploit crises and break the principles, and we’ll assist smaller meals corporations which might be making an attempt to play by the principles and get forward,” she stated. “We are going to assist the meals trade develop into extra aggressive.”
Her plans are typically marketed as a technique to decrease on a regular basis prices for People.
Harris will work to boost the minimal wage and get rid of the tip tax, she stated in her marketing campaign.
Vice President Kamala Harris speaks throughout a marketing campaign occasion on the Hendrick Heart for Automotive Excellence at Wake Tech Group Faculty’s Scott Northern Wake Campus in Raleigh, N.C., Aug. 16, 2024.
Mike Stewart/AP
Her plan contains proposals to guard and strengthen Social Safety and Medicare by constructing on Biden-era proposals, similar to decreasing the price of pharmaceuticals by capping the price of insulin at $35 and prescription drug co-pays at $2,000 for everybody, not simply seniors.
Harris’ agenda additionally goals to revive the American Rescue Plan’s expanded little one tax credit score, and he or she proposed a brand new $6,000 little one tax credit score for “households with youngsters of their first yr of life.”
She additionally stated she would instruct her administration to take harder motion towards mergers and acquisitions between main meals corporations, one other method the marketing campaign continues to emphasise its function as prosecutor.
Harris’ announcement comes shortly after her first joint look with President Joe Biden since he stepped down because the Democratic nominee, and questions are mounting about whether or not she’s going to select to distance herself or embrace the present administration’s “Bidenomics.”
Harris, for her half, has maintained an curiosity in increasing common Biden-era proposals just like the Little one Tax Credit score and has staunchly supported labor unions. Underneath the present administration, she has taken it upon herself to scale back medical and pupil debt.
Vice President Kamala Harris (second from left), Small Enterprise Administration Administrator Isabella Casillas Guzman and Rep. Judy Chu go to co-founders of Alfalfa restaurant on July 5, 2023, in Santa Monica.
Gary Coronado/Los Angeles Instances by way of Getty Photographs, FILE
Harris’ financial plan will current a break up display with Trump, who touched on his financial priorities in remarks Wednesday. He has already criticized Harris for “copying” a few of his personal proposals after she introduced Saturday that she would get rid of a tip tax in Las Vegas, the identical metropolis the place he first talked about it.
“She’s bought a plan, you understand she’s going to announce it this week, possibly. She’s ready for me to announce it so she will be able to copy it,” Trump stated as he laid out his personal broad coverage concepts in Asheville, North Carolina, on Wednesday. “Keep in mind a pair days in the past, and ‘We’re not taxing suggestions!’ I stated, ‘That was my plan!’
Harris responded to Trump’s feedback, accusing him of offering few particulars about his insurance policies.
“Two days in the past, Donald Trump was in North Carolina,” she stated. “He stated he was going to speak in regards to the financial system. I feel you’ve got all been watching. what I’ll say. However he provided no severe plan to decrease prices for middle-class households. No plan to broaden entry to housing or well being care.”
The vp has already distanced herself from a few of her former positions, which she outlined throughout her 2020 presidential bid. Her marketing campaign has remained ambiguous about her assist for banning fracking and Medicare for All, which she had beforehand advocated.
ABC Information’ Selina Wang contributed to this report.
Harris unveils ‘alternative financial system’ agenda in first main coverage rollout of her marketing campaign
World Information,Subsequent Massive Factor in Public Knowledg
