US Vice President Kamala Harris is set to unveil her economic agenda in a major policy announcement, targeting companies that unfairly increase prices. With inflation cooling and more Americans trusting her to handle the economy than her Republican rival Donald Trump, Harris aims to capitalize on her momentum. She will call on Congress to pass a federal ban on “price-gouging” with penalties for food companies that unfairly raise prices.
Harris will also contrast her economic vision with Trump’s, arguing that his plan for tariffs will drive up costs for everyday items. She has adopted much of Biden’s economic agenda, promising to lower prescription drug prices, housing costs, and eradicate “junk fees.” Harris will also launch a comprehensive plan to lower housing costs, calling for the construction of three million new housing units and increased tax incentives for builders.
Trump has been struggling to stay on message, devoting much of his attention to personal insults against Harris. Republicans have urged him to focus on policy, but he continues to seethe since Biden passed the torch to Harris. Harris’s announcement comes as she faces increasing pressure to articulate her agenda ahead of the Democratic National Convention. Her campaign has been carried by surging enthusiasm, but she needs to settle on a concrete plan for governing.
