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PHX VIBES > Blog > Politics > Harris to reveal new economic plan, tax breaks
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Harris to reveal new economic plan, tax breaks

PHX Team
Last updated: 2024/08/16 at 2:34 PM
PHX Team 10 months ago
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Harris to reveal new economic plan, tax breaks
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Kamala Harris proposes economic plans to counter Trump’s narrative

Kamala Harris proposes economic plans to counter Trump’s narrative

With the economy being one of Trump’s strongest talking points, Vice President Kamala Harris is stepping up her game to address voters’ financial concerns. Polling data indicates that Americans trust Republicans more than Democrats on economic issues.

Harris is set to unveil a series of economic proposals in North Carolina, a battleground state. These proposals include measures like a federal ban on grocery price gouging, $25,000 in down payment assistance for first-time homebuyers, and tax incentives for those building starter homes.

One of the key focuses of Harris’ plan is to provide tax breaks for families, middle- and lower-income individuals. This includes expanding the child tax credit and earned income tax credit to ease the tax burden on lower-income workers without children. Harris also aims to reduce health insurance premiums through the Affordable Care Act.

While Harris’ proposals require congressional approval, she is working hard to counter Trump’s claims that she is responsible for economic issues. Trump has labeled Harris as “a radical California liberal who broke the economy,” attempting to shift blame onto her.

Despite challenges, Harris is pushing forward with her plans, particularly targeting issues like rising food prices. Her proposal includes penalizing big corporations for price spikes and addressing the lack of competition in the meat-packing industry that contributes to high meat prices.

While polls show that Americans trust Trump more on economic matters, Harris is gaining momentum with a resurgence of enthusiasm in battleground states. Her campaign reboot has expanded the competitive landscape, with North Carolina emerging as a key state in the upcoming elections.

Harris is navigating a delicate balance between defining her economic agenda and acknowledging the Biden administration’s track record. Recent joint events with President Biden have showcased successful negotiations on lowering prescription drug prices, demonstrating a united front on key economic issues.

As Harris continues to roll out her economic proposals, the focus remains on addressing the financial concerns of American voters and challenging Trump’s narrative on the economy.

Source: AP News


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