Vice President Kamala Harris is set to outline her vision for the economy during a speech today in Raleigh, North Carolina. This marks her first major policy proposal since becoming the Democratic presidential nominee. Harris is expected to introduce a federal ban on “price gouging” for food and groceries, a plan to offer up to $25,000 in down payment assistance for first-time homebuyers, and tax incentives to boost the construction of 3 million new housing units, all aimed at easing financial burdens for middle-class families.
Harris’ economic agenda also includes a promise to cut taxes on tips, a proposal previously made by former President Trump but met with skepticism. In addition, she has vowed to raise the federal minimum wage, continuing her focus on supporting working families.
Harris’ economic policy is expected to align closely with President Biden’s, though she plans to emphasize issues such as paid family leave and tackling price gouging, signaling a potentially more aggressive stance on inflation — a top concern for many voters despite recent easing. However, some critics expect Harris to offer limited specifics on these proposals, a point the media has previously highlighted.
Whether these economic plans will resonate with voters remains to be seen. A recent CBS News poll found that 45% of registered voters believe they would be better off financially with Trump as president, compared to just 25% who feel the same about Harris.
