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Watch Live: Harris Unveils Plan To Fix Last 4 Years Of Economic Destruction

(Update: 1445ET): Watch live: 🚨 Kamala Harris just ADMITTED Americans are still suffering from the effects of the Biden Harris regime 🤣 And now she wants four more years? Get the hell out of here. pic.twitter.com/zZFcHwQQUh — Nick Sortor (@nicksortor) August 16, 2024 Kamala: “A loaf of bread costs 50% more today than before the
bySarah Blake
16 August 2024
4 minute read
Watch Live: Harris Unveils Plan To Fix Last 4 Years Of Economic Destruction
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(Update: 1445ET):

Watch live:

*  *  *

With the election right around the corner and the average American choking on inflation, Vice President Kamala Harris has unveiled several galaxy brain policies aimed at “lowering costs for American families,” which she and her teleprompter will present at a Friday speech in North Carolina at 2:45 p.m. ET – just days before the Democratic National Convention in Chicago.

While we know about Harris stealing Donald Trump’s plan to eliminate taxes on tips (after she was the tie-breaking vote on legislation to supercharge IRS enforcement), the proposals also include;

(Except…)

  • A $25,000 subsidy for first-time home buyers, under which those who have a two-year history of on-time rent payments would be eligible for “down-payment support.”
  • A cap on prescription drug costs and the elimination of medical debt for millions of Americans
  • Child tax credit that would provide $6,000 per child to families for the first year of a baby’s life (after JD Vance suggested an increase from $2,000 per child to $5,000)

Other items include efforts aimed at lowering the cost of rent and helping renters who are struggling financially, according to NBC News. She will also propose plans to stop data firms from driving up lease rates, as well as stopping Wall Street firms from buying and flipping homes in bulk.

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 said would prevent corporate landlords from using private equity-backed price-setting tools to raise rents dramatically 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 stop communities from being taken advantage of by Wall Street investors and distant landlords. The bill would curtail those practices by removing key tax benefits for major investors who acquire large numbers of single-family rental homes.  

Harris will also call for the construction of three million new housing units via construction tax incentives – as well as a $40 billion proposal for local governments to build or preserve affordable housing units. We’re sure that won’t be a giant cash grab.

Cleaning Up Their Mess?

As even the Washington Post notes – “Harris has thus far surrounded herself with many former aides to Biden, and her team had made some overtures to business leaders that they hoped reflected a more centrist approach. But the policy positions she embraced Friday suggest she will continue, if not deepen, the party’s transformation under Biden, who pushed for more aggressive government intervention in the economy on industrial, labor and antitrust policies.”

Meanwhile, according to a Gallup survey taken earlier this year, just 21% of Americans say it’s a good time to buy a house – while just days ago, July’s inflation reading showed that shelter prices jumped 0.4% from the previous month. According to Fed Chairman Jerome Powell, it might take ‘several years’ for the pandemic-era rent increases to abate.

Trump Responds

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

“This announcement is an admission that her economic policies have totally failed and caused really a catastrophe for our country, and beyond that, a catastrophe in the world,” said Trump.

People have questions…

And for the icing on the cake – the Washington Post is now framing it as a “populist policy agenda,” a word whose starter pack we thought came with a tiki torch and khakis ( reeee).

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Author
Sarah Blake
Hi, I'm Sarah Blake, an investigative journalist with a passion for uncovering the truth. With over a decade of experience in journalism, I've dedicated my career to bringing hidden stories to light and holding the powerful accountable. My work has taken me across the country, from small towns to major cities, and I pride myself on my relentless pursuit of facts and justice.
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