2024-08-15 19:55:08
Politics
Economy
Business

Kamala Harris's Economic Agenda: Tackling Grocery Prices and Corporate 'Price Gouging'

Vice President Kamala Harris plans to address the issue of high grocery prices by proposing a federal ban on 'price gouging' by corporations. She will also criticize the merger between Kroger and Albertsons and highlight her past fights with corporations.

Harris seeks to grant powers to the Federal Trade Commission and state attorneys generals to enforce price rules. In addition, she supports expanding the child tax credit and implementing higher taxes on corporations and the wealthy, in line with President Biden's proposals.

She also supports former President Trump's tipped wage tax idea. Harris's economic agenda will be unveiled at the Democratic National Convention.

Economists differ on the causes of high grocery prices, with some pointing to supply chain issues and increased demand from stimulus rather than corporate actions. Wall Street executives are eager to learn more about Harris's stance on taxes, regulation, and market rules.

The event also showcased Biden and Harris's unity and economic policies, with a focus on lowering drug costs and addressing the concerns of middle-class voters.

Yahoo!
15. August 2024 um 11:40

What Kamala Harris will say about grocery prices when she rolls out her economic agenda

Politics
Economy
Finance
VP Kamala Harris to propose federal "price gouging" ban, criticize Kroger-Albertsons merger, highlight past fights with corporations. Seeks FTC, state AG powers to enforce price rules. Calls for expanding child tax credit, higher corporate, wealthy taxes - Biden proposals. Supports Trump's tipped wage tax idea. Prepares for Democratic National Convention.
Quartz
15. August 2024 um 15:26

Kamala Harris' Plan to Reduce Grocery Bills Includes Banning Price Gouging by Corporations

Politics
Economy
Kamala Harris will seek to ban food and grocery price speculation by companies, giving the FTC and state prosecutors authority to punish violations. Inflation and high food prices are a key concern; the FTC will investigate price increases and profits in supermarket chains. Harris will also target the consolidated meat industry and examine mergers between large food companies, facing opposition from Democratic donors to her anti-monopoly stance.
seekingalpha
15. August 2024 um 15:59

Kamala Harris plans to increase scrutiny of deals between big food companies

Economy
Finance
Kamala Harris to scrutinize big food company mergers like Kroger's $24.6B purchase of Albertsons. Campaign seeks federal ban on price gouging for groceries. Proposal grants Federal Trade Commission and state attorneys generals investigative powers. Democratic lawmakers urged Biden to probe grocery chains for price manipulation. FTC lawsuit on Albertsons/Kroger deal to begin Aug. 26.
Quartz
15. August 2024 um 15:26

Kamala Harris's plan to lower your grocery bills includes a ban on corporate 'price gouging'

Politics
Economy
Finance
Harris plans federal price gouging ban to lower grocery bills; 80% saw biggest hikes at stores; food up 1.1% in July, but eggs 5.5% on bird flu; Trump blamed Biden; FTC to probe high prices, found mergers reduced competition; Harris would scrutinize food mergers, but faces pressure to fire FTC chair over antitrust.
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