Democratic presidential candidate Kamala Harris’ economic plan for the US features bold proposals tackling key issues including rising housing, grocery and medical costs.
Harris, who will outline her economic agenda during a speech in North Carolina on Friday, will propose cutting taxes like taxes on tips and homebuying incentives such as a $25,000 subsidy for first-home buyers and the construction of 3 million new housing units to address the supply shortage, campaign officials said.
A ban on “price gouging” by grocers is another key feature, with her proposal allowing the Federal Trade Commission to investigate abuses and impose penalties.
"In her first 100 days, Vice President Harris will work to enact a plan to bring down Americans' grocery costs and keep inflation in check," campaign officials said.
Other proposals reportedly include the elimination of medical debt for some Americans, a cap on prescription drug costs of $2,000 per year for all Americans not just seniors, and a child tax credit that would provide families with $6,000 per child for the first year of their life.
Harris’ proposals will build on the Biden administration’s economic agenda and aim to appeal to the middle class, advisors said.
"Same values, different vision," an advisor told Reuters. "She's not moving far away from him on substance, she will highlight the ones that matter most to her."
Harris' speech is slated for 2.45pm Eastern Time.