2024-08-16 19:55:08
Economy
Politics
Business
Kamala Harris Unveils Economic Plan to Lower Costs
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Quartz
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
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
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..
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