Vice President Kamala Harris described her economic agenda Friday in a North Carolina campaign speech. Harris’s proposals were widely described as “populist,” and also drew criticism from across the political spectrum.
Mirroring a policy championed by conservatives and pro-natalists such as Senator J.D. Vance (R-OH), Harris also announced support for a child tax credit of $6,000 for newborns, and otherwise raising the tax credit for families to $3,000, where it was temporarily during Covid, from $2,000.
In another populist policy duplicating a proposal from the Trump campaign, Harris advocated ending taxes on tips for service and hospitality workers.
On housing, Harris intends for the government to create a $40 billion fund for boosting construction, and for the construction of 3 million new housing units over the next four years. Harris also intends to provide $25,000 of assistance to first-generation homebuyers and tax-credits for first-time homebuyers.
One of the most controversial parts of Harris’s economic proposals came when she announced that, if elected president, she intends to use the Federal Trade Commission to impose “harsh penalties” on companies that are engaging in price gouging. Many have interpreted this as a call for price controls, a task possibly beyond the legal powers of the FTC
Hellbound and Down 