{"id":2326589,"date":"2024-08-19T05:55:59","date_gmt":"2024-08-19T09:55:59","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/harris-goes-populist-on-economy-in-bid-for-votes-washington-examiner\/"},"modified":"2024-08-19T06:03:52","modified_gmt":"2024-08-19T10:03:52","slug":"harris-goes-populist-on-economy-in-bid-for-votes-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/harris-goes-populist-on-economy-in-bid-for-votes-washington-examiner\/","title":{"rendered":"Harris goes populist on economy in bid for votes &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fharris-goes-populist-on-economy-in-bid-for-votes-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2326589&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Vice President Kamala Harris is \u2063revealing her economic proposals as she aims\u200c to connect with voters amid an increasingly competitive\u200c campaign.\u200b Her recently unveiled plans reflect a populist approach that includes \u2064a \u200c<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cdc-fda-want-millions-of-taxpayer-dollars-to-keep-fomenting-nicotine-misinformation-campaigns\/\" title=\"CDC and FDA seek millions in taxpayer funds to continue spreading misinformation about nicotine\">proposed federal ban<\/a>\u2064 on\u2062 price gouging for food, which would empower regulatory bodies to impose\u200b strict penalties on businesses that violate it. Harris has emphasized her commitment to tackling corporate misconduct while proposing additional initiatives such as tax incentives for first-time homebuyers,\u200b support for new housing\u2063 construction, increased child\u2064 tax credits,\u2063 and\u200b measures to reduce health insurance premiums.<\/p>\n<p>Critics, including former\u2062 President Donald Trump, argue that her plans\u200b are merely a\u200c distraction from\u2063 her role\u2062 in contributing to current inflation. They draw comparisons to \u200bhistorical price control issues, asserting that such measures\u2064 could \u200dbackfire.\u2064 On the other\u200d hand,\u200b progressive economists have\u2063 expressed support \u2062for her initiatives, \u200dseeing them as steps toward addressing pressing economic concerns like housing and healthcare costs. <\/p>\n<p>Harris&#8217;s proposals are projected to\u200b significantly raise \u200cthe \u2063national\u2064 debt unless offset by increased taxes\u200b on corporations and high-income earners, though\u200d the specifics of these offsets remain vague. Trump\u2019s campaign\u200c is working to associate\u200c Harris\u200d with President Biden&#8217;s administration, emphasizing her \u2064close ties to current economic policies. In response, Harris argues that Trump&#8217;s own \u200bproposals could worsen economic conditions. \u2063her evolving economic strategy aims to resonate with middle-class families and counter criticism while reinforcing her\u200d political \u2063platform as the campaign progresses.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Harris goes populist on economy in bid for votes<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1732180\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>The mystery of Vice President <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/kamala-harris\/\" target=\"_blank\" rel=\"noopener\" title=\"Kamala Harris\">Kamala Harris<\/a>&lsquo;s plans for office is slowly receding, replaced in turn by fierce debate over what <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3122999\/harris-campaign-grocery-price-control-proposal-could-cause-shortages\/\" target=\"_blank\" rel=\"noopener\" title=\"those plans will mean\">those plans will mean<\/a> for the average voter.<\/p>\n<p>Harris began lifting the veil of secrecy from her campaign, especially when it comes to the <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/economy\" target=\"_blank\" rel=\"noopener\" title=\"economy\">economy<\/a>, with a series of proposals laid out at the end of this week. What emerged was a decidedly populist economic plan.<\/p>\n<p>Her first big rollout was for a federal &ldquo;<a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/presidential\/3122411\/harris-teases-price-gouging-ban\/\" target=\"_blank\" rel=\"noopener\" title=\"price gouging\">price-gouging<\/a>&rdquo; ban designed to combat lingering high prices. Details haven&rsquo;t been released yet, but the plan would empower the Federal Trade Commission and state attorneys general to impose &ldquo;harsh penalties&rdquo; on companies who break the rules.<\/p>\n<p>&ldquo;I know most businesses are creating jobs, contributing to our economy, and playing by the rules, but some are not,&rdquo; Harris said at a Friday rally in battleground North Carolina. &ldquo;As president, I will go after the bad actors, and I will work to pass the first-ever federal ban on price gouging on food.&rdquo;<\/p>\n<p>While Harris backers say the plan would rein in corporate greed, <a href=\"https:\/\/www.washingtonpost.com\/opinions\/2024\/08\/15\/kamala-harris-price-gouging-groceries\/\" target=\"_blank\" rel=\"noopener\" title=\"critics\">critics<\/a> likened the proposal to failed price control schemes which have been tried by historic figures like President Richard Nixon. Former President Donald Trump&rsquo;s campaign called it a deflection from Harris&rsquo;s own role fueling inflation.<\/p>\n<p>&ldquo;Her policies are what caused the inflation crisis, and the American people, I think, are just too smart to buy this garbage,&rdquo; Sen. J.D. Vance (R-OH) <a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/presidential\/3122399\/vance-voters-too-smart-support-harris\/\" target=\"_blank\" rel=\"noopener\" title=\"said\">said<\/a>. Trump held a press conference Thursday afternoon in front of a cluster of groceries, reading out how much the price of each had risen since Harris took office. <\/p>\n<p>The Harris campaign debuted several more ideas Thursday evening and Friday morning. <\/p>\n<p>They include a plan to build <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3123612\/harris-propose-construction-3-million-new-homes-economic-agenda\/\" target=\"_blank\" rel=\"noopener\" title=\"3 million new homes\">3 million new homes<\/a>, with tax incentives for home buyers and for developers to build &ldquo;starter homes,&rdquo; $40 billion to help <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/harris-to-propose-construction-of-3-million-new-homes-as-part-of-economic-agenda-washington-examiner\/\" title=\"Harris to propose construction of 3 million new homes as part of economic agenda - Washington Examiner\">local governments find solutions<\/a> to housing undersupply, and the removal of tax benefits from corporate housing investors. President Joe Biden previously proposed 2 million new homes and $20 billion in incentives.<\/p>\n<p>Harris wants to create a $25,000 down payment support for first-time homeowners. She also proposed a $6,000 child tax credit for the parents of newborns and reviving the pandemic-era $3,600 tax credit for older children, echoing a similar plan <a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/presidential\/3117792\/vance-advocates-expanding-child-tax-credit-should-bigger\/\" target=\"_blank\" rel=\"noopener\" title=\"from Vance\">from Vance<\/a>.<\/p>\n<p>A final set of ideas included cutting taxes to lower health insurance premiums on the Affordable Care Act marketplace and a plan to cancel medical debt. Harris&rsquo;s campaign did not release a price tag for the policy proposals, but progressive economists were pleased with what they saw. <\/p>\n<p>&ldquo;This is a step in the right direction addressing concerns people have about high costs, especially on housing and <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/healthcare\/\" target=\"_blank\" rel=\"noopener\" title>health care<\/a>,&rdquo; said David Madland, a senior economist with the Center for American Progress.<\/p>\n<p>Madland said he&rsquo;s still learned details of the proposals, but supported them in broad strokes, such as the idea to cap grocery prices.<\/p>\n<p>&ldquo;There&rsquo;s big concern about really high prices for some groceries, and there&rsquo;s at least some evidence that the rapid rise in those prices has happened due to market power,&rdquo; Madland said. &ldquo;Where you can limit their ability to gouge consumers, I think that&rsquo;s a step in the right direction.&rdquo;<\/p>\n<p>Democratic strategist Brad Bannon agreed.<\/p>\n<p>&ldquo;I wish <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/joe-biden\/\" target=\"_blank\" rel=\"noopener\" title>Joe Biden<\/a> had been more aggressively populist a long time ago. I&rsquo;m very happy,&rdquo; he said. &ldquo;This is a very aggressive, populist proposal talking about tax cuts for families who are having a tough time making a financial go of it. I wish President Biden had done something like this.&rdquo;<\/p>\n<p>Budget hawks were less enthused. The Committee for a Responsible Federal Budget <a href=\"https:\/\/www.crfb.org\/blogs\/kamala-harris-agenda-lower-costs-american-families\" target=\"_blank\" rel=\"noopener\" title=\"estimates\">estimates<\/a> Harris&rsquo;s policies would add up to $2 trillion to the national debt over a decade, and her previously announced plans to eliminate taxes on tips and raise the minimum wage would add up to another $200 billion.<\/p>\n<p>Harris&rsquo;s campaign says it can create offsets by raising taxes on corporations and high-earning individuals, though it has not laid out specifics. <\/p>\n<p>CRFB also noted the broad similarities between Harris&rsquo;s ideas and those announced by the Biden-Harris administration in <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2024\/03\/11\/fact-sheet-the-presidents-budget-cuts-taxes-for-working-families-and-makes-big-corporations-and-the-wealthy-pay-their-fair-share\/\" target=\"_blank\" rel=\"noopener\" title=\"March\">March<\/a>. <\/p>\n<p>Trump is working to tie Harris to Biden as well, telling voters that her &ldquo;day one&rdquo; in office came in January 2021. <\/p>\n<p>&#8203;&#8203;&ldquo;Just remember, she goes to work every morning in the West Wing,&rdquo; Trump told a crowd during a Wednesday rally in Asheville, North Carolina. &ldquo;Her desk is 10 steps from the Oval Office.&rdquo;<\/p>\n<p>Team Harris says Trump will make the economy worse and spike inflation himself through plans like a 20%-across-the-board tariff on goods coming into the U.S.<\/p>\n<p>&ldquo;Two days ago, Donald Trump was here in <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/North-Carolina\/\" target=\"_blank\" rel=\"noopener\" title>North Carolina<\/a>,&rdquo; Harris said. &ldquo;He said he was going to talk about the economy. I think you all watched, you know what I&rsquo;m about to say, but he offered no serious plan to reduce costs for middle-class families, no plan to expand access to housing or healthcare, and that, actually for most of us, was not surprising because we already know his plans.&rdquo;<\/p>\n<p>The Trump campaign counters with a kind of scoreboard argument, saying that inflation averaged 1.9% during his four years in office and 6.5% during the Biden-Harris years. Voters tell pollsters they are more confident in Trump to handle the <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/economy\/\" target=\"_blank\" rel=\"noopener\" title>economy<\/a> &mdash; a top priority for them this cycle.<\/p>\n<p>Republicans say <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-see-economic-chaos-as-opportunity-for-more-government-spending-welfare-programs\/\" title=\"Democrats See Economic Chaos As Opportunity For More Government Spending, Welfare Programs\">increased government spending<\/a> such as the $1.9 trillion American Rescue Plan, on which Harris cast the deciding vote in the Senate, directly fueled inflation that peaked at 9.1% in June 2022.<\/p>\n<p>There is no daylight between Kamala&rsquo;s plan and the four years of economic failures our country has endured under Joe Biden,&rdquo; Club for Growth president David McIntosh said. &ldquo;As President, Kamala Harris would continue to promote socialist spending schemes drive inflation even higher, especially in the housing market, and push the United States into a recession.&rdquo;<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><\/strong><\/a><\/p>\n<p>However, Democrats are pleased with the ideas, with Senate Finance Committee Chairman Ron Wyden (D-OR) saying they show that Harris &ldquo;gets it.&rdquo;<\/p>\n<p>&ldquo;Her economic agenda goes after the expenses that hit American families the hardest,&rdquo; Wyden said, &ldquo;housing, health care, and raising children.<\/p>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1732180\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1732180\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Harris adopts a populist approach to the economy in her quest for votes. The uncertainty surrounding Vice President Kamala Harris&#8217;s intentions for her potential presidency is gradually diminishing, giving way to intense discussions about how her proposals will impact everyday voters. Recently, she has started to reveal more about her campaign, particularly regarding economic policies, culminating in a series of announcements this week that showcase a distinctly populist economic agenda. <\/p>\n<p>One of her key initiatives is a federal ban on &#8220;price gouging,&#8221; aimed at addressing persistently high prices. While specific details are still pending, the plan would authorize the Federal Trade Commission and state attorneys general to impose severe penalties on companies that violate these regulations. At a rally in North Carolina, Harris stated, \u201cI know most businesses are creating jobs and contributing positively to our economy while following the rules; however, some are not.\u201d She pledged that as president she would target those bad actors and work towards implementing the first-ever federal prohibition on price gouging related to food.<\/p>\n<p>Supporters of Harris argue that this initiative will help curb corporate greed; however, critics have compared it to unsuccessful price control measures attempted by historical figures like President Nixon. Former President Donald Trump\u2019s campaign accused Harris of deflecting attention from her own role in exacerbating inflation issues. Senator J.D. Vance (R-OH) remarked that \u201cHer policies caused the inflation crisis,\u201d suggesting voters won\u2019t be fooled by such claims.<\/p>\n<p>In addition to this proposal, Harris unveiled several other ideas aimed at housing and family support over Thursday evening and Friday morning. These include plans for constructing 3 million new homes with tax incentives for both buyers and developers focusing on affordable starter homes; allocating $40 billion for local governments tackling housing shortages; removing tax benefits from corporate housing investors; establishing $25,000 down payment assistance for first-time homebuyers; introducing a $6,000 child tax credit for newborns along with reviving an earlier pandemic-era credit of $3,600 for older children; reducing taxes on health insurance premiums under the Affordable Care Act marketplace; and proposing medical debt cancellation.<\/p>\n<p>While no cost estimates were provided by Harris&#8217;s campaign regarding these proposals\u2014progressive economists expressed approval over their direction\u2014budget-conscious groups raised concerns about potential impacts on national debt which they estimate could reach up to $2 trillion over ten years due to these policies alone.<\/p>\n<p>Trump is also attempting to link Harris closely with Biden\u2019s administration by reminding voters of their shared history since January 2021 when she took office: \u201cJust remember,\u201d he said during a rally in Asheville North Carolina last Wednesday night,\u201cshe goes into work every morning just steps away from the Oval Office.\u201d In response,Harris criticized Trump\u2019s lack of serious economic plans while asserting his previous actions contributed negatively towards inflation rates during his presidency compared with current levels under Biden-Harris leadership.<\/p>\n<p>Despite differing opinions among political factions regarding these proposals\u2019 viability or effectiveness moving forward into election season ahead\u2014Democrats seem optimistic about them being well-received among constituents who prioritize affordability issues affecting families today!<\/p>\n","protected":false},"author":2635,"featured_media":2326590,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/08\/Kamala-Harris-economy.webp","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[9168,3728,4021,5894,19667],"class_list":["post-2326589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-economy","tag-election","tag-harris","tag-politics","tag-populism"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/08\/Kamala-Harris-economy.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2326589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2635"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2326589"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2326589\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2326590"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2326589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2326589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2326589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}