Harris unveils plan to reverse last 4 years of economic destruction

Posted on by Vaseline

With the election looming and the average American reeling from inflation, Vice President Kamala Harris has unveiled a series of groundbreaking policies aimed at “lowering costs for American families.” She and her teleprompter will present the plans during a speech in North Carolina on Friday, just days before the Democratic National Convention in Chicago.

While we know Harris stole Donald Trump’s plan to repeal the tip tax (after she had the tie-breaking vote in legislation to strengthen IRS enforcement), The proposals also include:

(Except…)

  • A $25,000 grant for first-time home buyersunder which people who have paid their rent on time for two years are eligible for ‘down payment support’.
  • A cap on the cost of prescription drugs And eliminating medical debt for millions of Americans
  • Child Tax Credit of $6,000 per child to families for the first year of a baby’s life (after JD Vance proposed an increase from $2,000 per child to $5,000)

Other items include efforts aimed at reducing rental costs and helping tenants who are in financial difficultyaccording to NBC NewsShe will also propose plans to stop data companies from driving up rents and Wall Street firms from buying up and reselling homes en masse.

As part of the rollout, Harris will call on Congress to pass the Preventing the Algorithmic Facilitation of Rental Housing Cartels Act, a bill introduced by Sens. Ron Wyden, D-Ore., and Peter Welch, D-Vt., that they say would prevent corporate landlords from using private equity-backed pricing tools to dramatically increase rents in communities across the country.

Harris will also call on Congress to pass the Stop Predatory Investing Act, a bill introduced by Sen. Sherrod Brown, D-Ohio, and several other Democratic senators. The bill is designed to prevent communities from being exploited by Wall Street investors and distant landlords. The bill would restrict those practicess by eliminating important tax benefits for large investors who acquire large numbers of single-family homes for rental purposes.

Harris will also call for the construction of three million new homes through construction tax credits — and a $40 billion proposal for local governments to build or preserve affordable housing. We’re sure this won’t be a giant money grab.

Clean up their mess?

Like even the Washington Post notes – “Harris has surrounded herself with many of Biden’s former advisers so farand her team had made a number of approaches to business leaders who they hoped this reflected a more centrist approachBut the policy positions she embraced on Friday suggest She will continue, if not deepen, the party’s transformation under Bidenwho insisted on more aggressive government intervention in the economy in the areas of industrial, labor and antitrust policies.”

In the meantime, according to a Gallup poll taken earlier this year, just 21% of Americans say now is a good time to buy a home – while July inflation figures just a few days ago showed housing prices rose 0.4% from the previous month. According to Fed Chairman Jerome Powell, it could take “several years” for pandemic-era rent increases to abate.

Trump responds

During a news conference at his New Jersey golf resort on Thursday, the former president condemned the package as Venezuelan-style communism.

“This announcement is an admission that her economic policies have utterly failed and have created a real catastrophe for our country and a catastrophe for the world,” Trump said.

People have questions…

And the icing on the cake – the Washington Post now presents it as a “populist policy agenda,” a word we thought the starter pack consisted of a tiki flashlight and khakis (reeee).

Loading…

Avatar for Vaseline
Vaseline https://newspowergreen.biz.id

You May Also Like

More From Author