Vice President Kamala Harris is set to unveil a shocking economic plan that targets price gouging and corporate greed, marking her first major policy speech as the Democratic presidential candidate.
U.S. Vice President Kamala Harris is set to unveil a major economic proposal on Friday, focusing on government-administered price controls on food and groceries. This policy will be a central component of her 2024 campaign platform.
Harris’s speech will be her first policy-focused address since being named the Democratic presidential candidate in July. She has faced criticism for not outlining specific policies sooner, as highlighted by news outlets.
One of the key proposals Harris is expected to introduce is a national ban on price gouging and price-fixing. She aims to implement this within her first 100 days in office, in response to concerns about President Joe Biden’s handling of the economy. No explanation was given as to why she would need to wait until after the election.
According to Time magazine, Harris plans to direct the Federal Trade Commission and other agencies to investigate and penalize large corporations that engage in these practices, echoing the approach of a command economy. Her campaign also indicates that additional measures will be proposed to address anti-competitive practices in the food and grocery sectors.
In her upcoming address in Raleigh, North Carolina, Harris will also outline plans to reduce the costs of prescription drugs and housing, as part of a broader economic strategy.
It is unclear whether Harris will take questions from the media after her speech, following a pattern similar to President Biden’s approach to press engagement.
In her speech, Harris is expected to specifically criticize the meat industry for its history of price-fixing and anti-competitive behavior, which she will argue has harmed consumers. Her campaign notes that these middlemen in meat processing are particularly notorious for illegal price control practices.
Harris has not held a formal press conference or given an interview in nearly four weeks, though she has occasionally responded to questions from journalists while traveling.
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