Vice President Kamala Harris is set to deliver her first economic policy speech in Raleigh, North Carolina, where she is expected to propose a federal ban on price gouging to reduce grocery prices and everyday costs for Americans. This initiative is part of Harris' broader plan to address high costs and inflation by preventing corporations in the food and grocery industries from unfairly raising prices on consumers.
As part of her initial 100 days in office agenda, Harris aims to empower the Federal Trade Commission and state attorneys general to investigate and penalize companies that violate the proposed federal ban. Additionally, resources will be allocated to detect price-fixing activities, and support will be provided to small businesses to foster competition against larger corporations.
The vice president's economic policy speech comes at a time when the economy remains a crucial concern for voters. Recent polling data revealed a close split in public opinion, with 51% of respondents favoring former President Donald Trump over Harris in handling economic matters.
In a move to support hospitality and service workers, Harris endorsed the elimination of taxes on tips, a policy previously suggested by Trump. She will contrast her economic agenda with that of Trump, arguing that his approach would lead to increased inflation and higher costs for middle-class families.
The Harris campaign criticized Trump's economic record, accusing him of favoring the wealthy elite and neglecting the middle class. They highlighted a recent Consumer Price Index report showing a slowdown in price hikes, indicating a positive trend in inflation rates.
During her upcoming speech, Harris will emphasize her dedication to championing the middle class and stress the importance of reducing costs as a top priority from day one of her administration.
