Harris Unveils Plan To Fix Last 4 Years Of Economic Destruction

Credit: Gage Skidmore

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;

  • 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.