2024-08-16 19:55:08
Economy
Politics
Business

Kamala Harris Unveils Economic Plan to Lower Costs

Kamala Harris has revealed an economic plan that focuses on addressing the cost of living. Her proposals include tax breaks for home builders, down payment assistance for first-time buyers, capping prescription drug prices, and cracking down on price gouging.

She aims to provide relief to American families by expanding the child tax credit and the earned income tax credit. Harris contrasts her agenda with Donald Trump's policies, which she sees as benefiting the wealthy.

While some experts caution that her plans may have unintended consequences, polls show public support for government action against corporate price hikes. Harris's populist approach resonates with voters who are concerned about housing affordability, healthcare costs, and grocery prices.

Her economic plan aims to create opportunities and improve the lives of the middle class. With the election approaching, Harris's focus on the economy is a key part of her campaign strategy to appeal to swing state voters.

seekingalpha
16. August 2024 um 15:20

Kamala Harris said to propose giving new homeowners $25K assistance - reports

Politics
Economy
Harris to propose $25K down-payment aid for 1M+ first-time buyers; 3M new units via tax incentives, $40B housing fund; discuss agenda at N. Carolina rally; housing costs drive inflation; broadens Biden's $10K credit; no Seeking Alpha comment.
Quartz
16. August 2024 um 14:45

Kamala Harris wants to stop Wall Street’s homebuying spree

Politics
Finance
Economy
Kamala Harris plans to tackle Wall Street's homebuying spree, including calling on Congress to pass the Tenant Opportunity to Purchase Act to remove tax benefits for large investors like Blackstone Group's Invitation Homes and AMH, who bought 26% of the most affordable homes in Q4 2023. MetLife estimates institutional investors could own 40% of U.S. single-family rental homes by 2030. Harris also plans to order 3 million new housing units, provide $25,000 in down-payment support for first-time..
Quartz
16. August 2024 um 14:40

Kamala Harris' plan to keep prescription drug prices down includes a $2,000 cap on out-of-pocket costs

Politics
Economy
Harris' plan includes $2,000 annual cap on out-of-pocket prescription costs, $35 monthly insulin cap, accelerated Medicare drug price negotiations with 38-79% discounts and $1.5 billion in savings, 15 more drugs for negotiations by 2025, increased healthcare competition, cancellation of $7 billion in medical debt for 3 million Americans, and builds on Biden-Harris Administration policies.
Quartz
16. August 2024 um 14:45

Kamala Harris Wants to Stop the Wave of Home Purchases on Wall Street

Politics
Finance
Economy
Vice President Kamala Harris announced plans to address the increase in Wall Street home ownership, including a "Stop Predatory Investments Act" and a proposed tax on single-family home acquisitions by Representative Ro Khanna. Large investors like Invitation Homes and AMH have bought a quarter of single-family homes, while Blackstone Group owns approximately 63,000 units, exacerbating the shortage of 4-7 million homes. Harris plans to incentivize builders with a tax credit and a $40 billion i..
CW

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