Vice President Kamala Harris, on the campaign trail for the 2024 presidential election, has laid out an ambitious economic plan that she promises to prioritize within her first 100 days in office, should she be elected. The proposals, announced on Friday, reflect Harris's commitment to addressing some of the most pressing issues facing American families today, including tax relief, affordable housing, and combating inflation. The plan is part of a broader economic strategy that Harris's campaign says will strengthen the middle class, support working families, and promote economic fairness.

 

One of the central pillars of Harris's economic agenda is the expansion of the Child Tax Credit (CTC), a move that has been at the forefront of Democratic policy discussions in recent years. Harris's plan calls for a significant enhancement of the CTC, offering a $6,000 tax cut to families with newborn children. This proposal is seen as a direct response to the economic challenges that many families face in the early years of parenting, and it aims to provide substantial financial relief to middle-income and low-income families during the first year of their child's life. "This plan would allow for $6,000 in total tax relief for middle-income and low-income families," the Harris campaign detailed in a fact sheet, emphasizing the importance of supporting families during a critical time.

 

In addition to the new tax cut for families with newborns, Harris's plan also advocates for the restoration of an expanded Child Tax Credit that was originally part of the American Rescue Plan, a sweeping coronavirus relief package passed in 2021. Under this restored plan, eligible families would receive a $3,600 per child tax credit, providing much-needed financial support to millions of families across the country. The push for an expanded CTC comes on the heels of recent legislative efforts by Senate Republicans to block a bill aimed at raising the credit, citing concerns over work requirements for recipients. Harris's plan not only seeks to counter these roadblocks but also aims to expand the Earned Income Tax Credit to cover lower-income workers who are not raising children, broadening the safety net for some of the most vulnerable workers in the economy.

 

Another notable aspect of Harris's economic agenda is her proposal to combat price gouging, particularly in the food and grocery sectors. Harris has called for the "first-ever federal ban on price gouging on food and groceries," a bold move that underscores her commitment to tackling inflation and protecting consumers. While the specifics of how this ban would be implemented remain to be detailed, Harris's campaign has indicated that it would be part of a broader strategy to lower grocery costs and ensure that corporations are not unfairly exploiting consumers to drive up profits. "The plan will set rules to ensure corporations can't unfairly exploit consumers to run up excessive profits on food and groceries," the campaign noted, reflecting widespread voter concerns about inflation in the lead-up to the November presidential election.

 

The proposal also includes a call for new authorities to be granted to the Federal Trade Commission (FTC) and state attorneys general, enabling them to investigate and impose strict penalties on companies found to be engaging in price gouging. This aspect of the plan highlights Harris's focus on strengthening regulatory oversight and protecting consumers from corporate malpractices that exacerbate economic inequalities.

 

Housing affordability is another critical issue addressed in Harris's economic plan. The vice president has set an ambitious goal of constructing 3 million new housing units over the next four years, a move designed to alleviate the ongoing housing crisis that has made homeownership and rental housing increasingly unaffordable for many Americans. Harris's plan includes what she describes as the "first-ever" tax incentive for building starter homes aimed at first-time homebuyers, an effort to make homeownership more accessible to young families and individuals entering the housing market for the first time.

 

To further boost the construction of affordable rental housing, Harris's plan calls for an expansion of existing tax credits for businesses that build such housing, as well as the creation of a $40 billion federal fund dedicated to supporting new construction projects. The plan also proposes making certain federal lands eligible for repurposing into new affordable housing developments, a move that could help address the shortage of affordable housing in urban and suburban areas. Harris's housing agenda also includes the passage of the Stop Predatory Investing Act, which aims to curb rising home prices by targeting tax breaks for investors who purchase large numbers of single-family rentals. Additionally, the plan supports the Preventing the Algorithmic Facilitation of Rental Housing Cartels Act, which would give the FTC more power to crack down on rent price coordination among property managers and landlords.

 

Harris's economic vision also extends to helping first-time homebuyers. Building on a previous proposal from the Biden administration, Harris's plan seeks to provide first-generation homebuyers with $25,000 in down-payment assistance, along with a tax credit specifically for first-time homebuyers. The vice president's plan aims to "simplify and significantly expand" the Biden administration's efforts by ensuring that all eligible first-time homebuyers receive the financial support they need to enter the housing market. Harris's campaign has emphasized that this proposal would provide "more generous support for first-generation homeowners," reflecting her commitment to addressing the barriers that prevent many Americans from achieving the dream of homeownership.

 

In a move that surprised some Democrats, Harris recently voiced support for ending taxes on tips for service and hospitality workers. This proposal, which echoes a similar plan pitched by former President Donald Trump earlier this summer, underscores Harris's focus on providing relief to low-wage workers who have been disproportionately affected by economic inequality. Speaking at a rally in Las Vegas, Harris pledged to fight for working families by raising the minimum wage and eliminating taxes on tips for service and hospitality workers. "It is my promise to everyone here, when I am president, we will continue to fight for working families, including to raise the minimum wage and eliminate taxes on tips for service and hospitality workers," Harris declared, signaling her commitment to improving the economic conditions for some of the country's most vulnerable workers.

 

However, this proposal has not been without controversy. The Committee for a Responsible Federal Budget recently estimated that exempting tip income from federal income taxes, combined with raising the minimum wage, could add between $100 billion and $200 billion to the nation's deficits over a ten-year period. This potential impact on the federal budget has raised concerns among some policymakers and economists, highlighting the challenges that Harris may face in balancing her ambitious economic goals with the realities of fiscal responsibility.

 

As Vice President Harris continues to campaign for the presidency, her economic plan is likely to be a focal point of debate and discussion. With its emphasis on tax relief, affordable housing, consumer protection, and support for working families, Harris's vision represents a comprehensive approach to addressing the economic challenges facing the nation. Whether these proposals will resonate with voters and translate into electoral success remains to be seen, but they undoubtedly set the stage for a robust policy debate in the months leading up to the 2024 election. Harris's commitment to her economic agenda signals her determination to lead with a focus on fairness, equity, and opportunity for all Americans.

 

Credit: Hill  2024-08-19

 

 

Get our Daily Newsletter - Click HERE to subscribe

 

Cigna offers a variety of health insurance plans designed to meet the minimum requirement for medical treatment coverage, with benefits reaching up to THB 3 million. These plans are tailored to provide comprehensive healthcare solutions for expatriates, ensuring peace of mind and access to quality medical services. To explore the full range of Cigna's expat health insurance options and find a plan that suits your needs, click here for more information.

2 hours ago, Social Media said:

Vice President Kamala Harris, on the campaign trail for the 2024 presidential election, has laid out an ambitious economic plan that she promises to prioritize within her first 100 days in office, should she be elected.

As usual for those of her ilk, her plans include being generous with other people's money to IMO bribe her way into the WH.

6 minutes ago, thaibeachlovers said:

As usual for those of her ilk, her plans include being generous with other people's money to IMO bribe her way into the WH.

3 million houses would be ideal for those crossing the border who would also conveniently be first time buyers. She doesn't even know the word gouging. She was saying something about price gauging. Might have been wrongs on the prompter but an average elementary student would know that words and correct it.

 

At the end of the day it is all just talk and empty promises that will never happen. Even if she wins she isn't likely to have both the house and senate. Her ideas which she claims are policies didn't go over well with anybody including the left leaning media.

 

Everybody knows this is all crazy cat lady talk. The inky problem in the world is we need another kitten and don't have enough money to people like her. Never mind the house is full of cat urine soaked newspapers and over flowing litter boxes. 

 

 

 

 

Harris has called for the "first-ever federal ban on price gouging on food and groceries," a bold move that underscores her commitment to tackling inflation and protecting consumers. 

 yes,  the price of a loaf of bread will not be allowed to over $13.48  and eggs  9.99 a dozen

 

but gas will be 7.90 a gal.   at minimum  and all the illegal immigrants  will get free healthcare and housing

while our vets get zilch ....

 

1 minute ago, Luuk Chaai said:

Harris has called for the "first-ever federal ban on price gouging on food and groceries," a bold move that underscores her commitment to tackling inflation and protecting consumers. 

 yes,  the price of a loaf of bread will not be allowed to over $13.48  and eggs  9.99 a dozen

 

but gas will be 7.90 a gal.   at minimum  and all the illegal immigrants  will get free healthcare and housing

while our vets get zilch ....

 

 Didn't Nixon try it already? 

AND ... come to the DNC for 'free abortions' (fully booked) or a vasectomy.   Solving the over population problem 👍👍

 

5 minutes ago, KhunLA said:

AND ... come to the DNC for 'free abortions' (fully booked) or a vasectomy.   Solving the over population problem 👍👍

 

 

i hope they assess the tax on gifts. You can't just give stuff away for free.

2 hours ago, thaibeachlovers said:

As usual for those of her ilk, her plans include being generous with other people's money to IMO bribe her way into the WH.

Who are her ilk?

3 minutes ago, stevenl said:

Who are her ilk?

 Liberal elitists, Chardonnay socialists and nobody in particular but you most likely.

Edited August 19, 20241 yr by Cryingdick

No plans to hand over a $Trillion to the hyper wealthy then.

Conveniently ignoring the fact that she has been VP of the Dems for the last few years.

 

Why wait until now?

 

Was Joe not on board with this ambitious economic vision? 

3 minutes ago, Chomper Higgot said:

No plans to hand over a $Trillion to the hyper wealthy then.

 

think bigger.

Just now, JonnyF said:

Conveniently ignoring the fact that she has been VP of the Dems for the last few years.

 

Why wait until now?

 

Was Joe not on board with this ambitious economic vision? 

I’ll informed nonsense… again.

 

She’s a new candidate for the Presidency, she gets to set her own policies which will not be those of the current President.

1 minute ago, stoner said:

 

think bigger.

Your right, the tax give away to the hyper wealthy which the US could not afford was $1.3 Trillion.

 

Thank you for reminding me.

I see the "I'm all right Jack Brigade" are out in strength today!

3 minutes ago, Chomper Higgot said:

I’ll informed nonsense… again.

 

She’s a new candidate for the Presidency, she gets to set her own policies which will not be those of the current President.

 

So Joe/Kamala have not been aligned all these years? Interesting...

2 hours ago, Cryingdick said:

Even if she wins she isn't likely to have both the house and senate.

Remind us, just how strong is the MAGA hold on the House and Senate?

4 minutes ago, JonnyF said:

 

So Joe/Kamala have not been aligned all these years? Interesting...

You clearly are struggling to understand how the Vice Presidency works.

 

Why would supporting the current President and his policies preclude a VP making her own policy proposals in her own bid for the Presidency?

 

Pause to think before responding.

1 minute ago, Chomper Higgot said:

You clearly are struggling to understand how the Vice Presidency works.

 

Why would supporting the current President and his policies preclude a VP making her own policy proposals in her own bid for the Presidency?

 

Pause to think before responding.

 

So if she is to be believed, they have clearly not been aligned politically or economically.

 

Makes sense really, given the current state of the US. 

 

5 minutes ago, Chomper Higgot said:

Your right, the tax give away to the hyper wealthy which the US could not afford was $1.3 Trillion.

 

Thank you for reminding me.

 

you're not thinking right. 

13 minutes ago, Chomper Higgot said:

I’ll informed nonsense… again.

 

She’s a new candidate for the Presidency, she gets to set her own policies which will not be those of the current President.

Her “policies” as they stand now will conform to whatever oligarch is telling her what to to after being elected. Same as Biden

1 minute ago, JonnyF said:

 

So if she is to be believed, they have clearly not been aligned politically or economically.

 

Makes sense really, given the current state of the US. 

 

Once again demonstrating your complete lack of understanding on the matter.

 

A VP supports the sitting President, the President (there is a clue in the name) sets the policies for the Presidency.

 

If the VP stands for election, then as a candidate they get to set their own policies.

 

It’s not difficult to understand.

 

4 minutes ago, stoner said:

 

you're not thinking right. 

Well I’m not thinking the same as you, I’ll give you that.

 

6 minutes ago, mdr224 said:

Her “policies” as they stand now will conform to whatever oligarch is telling her what to to after being elected. Same as Biden

Nonsense.

 

Refer comment on tax give away to the hyper wealthy above.

 

Oh and welcome to the forum. Straight to political threads in the World News section … mmmm

 

 

Edited August 19, 20241 yr by Chomper Higgot

2 minutes ago, Chomper Higgot said:

Once again demonstrating your complete lack of understanding on the matter.

 

A VP supports the sitting President, the President (there is a clue in the name) sets the policies for the Presidency.

 

If the VP stands for election, then as a candidate they get to set their own policies.

 

It’s not difficult to understand.

 

 

Well she's not really supporting him now, is she? He is still officially (and scarily) the President, remember?

 

When she isn't copying Trump's policies she is essentially saying Biden's policies have been inadequate and she will fix them.

6 minutes ago, Chomper Higgot said:

Well I’m not thinking the same as you, I’ll give you that.

 

 

yep. usually you are wrong.

 

like when you backed bidens mental health for over a year... and ya.... we all know how that turned out. now like all the other good soldiers you are on the kamala hype train. even though she was the lowest rated VP in history....for some strange reason a few weeks later... presto she's the bees knees. 

 

totally organic......you're right.

Edited August 19, 20241 yr by stoner

12 minutes ago, herfiehandbag said:

Remind us, just how strong is the MAGA hold on the House and Senate?

I’m amazed these magga types don’t understand just how out of touch their policies/ ideas are do they really think they have a strong hand after shafting 50% of our population?don't they realize just how weak they look in their terror of crossing trump?then there’s trump obviously in putins pocket ready to shaft our allies…..naa they can bleat all they like.getting a tax break for raising kids seems to me to be a great idea!keeping the big grocery store chains in check sounds great!lowering taxes on the working folks great!a helping hand for first time home buyers great!building more affordable housing great.👍 especially when compared to the alternative tarreffs we pay for tax breaks for the wealthy worse healthcare higher drug prices for seniors….ditch the albatross enough!

2 hours ago, Luuk Chaai said:

Harris has called for the "first-ever federal ban on price gouging on food and groceries," a bold move that underscores her commitment to tackling inflation and protecting consumers. 

 yes,  the price of a loaf of bread will not be allowed to over $13.48  and eggs  9.99 a dozen

 

but gas will be 7.90 a gal.   at minimum  and all the illegal immigrants  will get free healthcare and housing

while our vets get zilch ....

 

Reality I’m paying 389.9 per gallon of gas in CALIFORNIA I can buy gas in Tucson for less than 3$ per gallon I’m paying 5 bucks for 24 eggs at Costco……how can anyone take you seriously.you support a guy that disrespects POWs disrespects our war dead.a guy that’s a greater asset to the enemy than my country…..

17 minutes ago, JonnyF said:

 

Well she's not really supporting him now, is she? He is still officially (and scarily) the President, remember?

 

When she isn't copying Trump's policies she is essentially saying Biden's policies have been inadequate and she will fix them.

Clueless nonsense.

 

You do know the 2024 Presidential campaign is underway and you can grasp the candidates need to present their policies?

 

 

18 minutes ago, stoner said:

 

yep. usually you are wrong.

 

like when you backed bidens mental health for over a year... and ya.... we all know how that turned out. now like all the other good soldiers you are on the kamala hype train. even though she was the lowest rated VP in history....for some strange reason a few weeks later... presto she's the bees knees. 

 

totally organic......you're right.

 

I see you’ve given up all pretense of impartiality.

 

Do you have a diagnosis for Biden’s mental health, if so please share and we can discuss.