Preventing the housing crisis and maintaining purchasing power through fiscal measures and new regulations: Vice President of the United States and Democratic presidential candidate Kamala Harris presented her economic program this Friday. Immediately branded a communist by his Republican rival Donald Trump.
“Donald Trump is fighting for millionaires and big corporations. We, I, will fight to give money back to the workers and the middle class in the United States,” said Harris, 59, in North Carolina.
The Republican “wants to impose a national tax on the sale of everyday products and essential products that we import from other countries. That would kill Americans,” he began.
“That would mean higher prices for virtually every product they use every day,” he said. It's “the Trump tax on gasoline, the Trump tax on food, the Trump tax on clothing,” he said ironically.
“Donald Trump’s economic plan would cost a typical family $3,900 a year,” he said.
Customers at a market in Boston. Food prices in Kamala Harris' plan. Photo: EFE Harris proposes to build three million new homes to counteract the “shortage” of roofs. It is complemented by grants for first-time buyers of up to $25,000 and even laws to prevent real estate speculation.
The Democratic candidate promises to help families with tax credits for those who have newborns, with amounts that can reach up to $6,000.
It also proposes to control companies that “drive up” prices beyond what is necessary, particularly in the food sector.
In the health sector, he wants to extend to the entire population a system that caps the cost of insulin for the elderly at $35 per month and find a solution to the problem of medical debt.
Harris knows that the cost of living, still high after years of inflation despite robust growth and a solid labor market, will have political implications for the administration she forms with Joe Biden.
For Donald Trump, it is a “communist” plan
“Comrade Harris is deeply embedded in communism!” Trump reacted on Friday: He particularly criticizes the idea of price controls.
Kamala Harris promises to lower the cost of living for working and middle class families in the US The term has a strong derogatory connotation in the United States.
“There have been several attempts to cap prices throughout history, and they failed because they led to queues outside stores, shortages and an explosion of inequality,” criticized the 78-year-old Republican millionaire.
Harris' campaign team accuses the Republican of preparing tax gifts to “his ultra-rich friends.”
They also criticize the policy of increasing tariffs advocated by the former president because they believe it would stimulate inflation.
According to a poll released Friday by the University of Michigan, 41% of consumers believe the vice president is the better candidate on the economy, and 38% believe Trump is the right fit on that issue.
Previously, Trump had largely dominated Joe Biden in opinion polls on this issue.
The Democrat sparked her rival's ire by proposing to eliminate taxes on tips in the hotel and restaurant sector, and the Republican accused her of “plagiarizing” one of her ideas.
The Vice President promised to increase the minimum wage in case of a win on November 5th.