posted August 17, 2024
The United States Vice President, Kamala Harris, on Friday announced her bold and comprehensive blueprint, aimed at fixing the pressing economic concerns of the American families, especially taxes and general costs.
Harris, who’s the anointed Democratic Party’s presidential nominee for the November presidential election in the US, proposes to eliminate medical debts for some categories of cases, reflecting a broad commitment to focusing on lowering costs for American families, post Biden-led administration, if elected.
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Some 10 Key Takeaways include:
1- Populist Agenda: Harris’s agenda is aggressively populist, focusing on government intervention to lower costs for American families.
2- $6,000 Child Tax Credit: She proposes a $6,000 Child Tax Credit for the first year of a baby’s life, a significant increase from the current $2,000 credit.
3- Medical Debt Elimination: Harris supports eliminating medical debt for millions of Americans, potentially through federal funds to buy and forgive outstanding debt.
4- Price Gouging Ban: Her plan includes a “first-ever” ban on grocery and food price gouging, with potential fines for stores imposing excessive price hikes.
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5- Housing Subsidy: A $25,000 federal subsidy for first-time homebuyers is proposed, aiming to expand housing access.
6- Prescription Drug Costs: Harris wants to cap prescription drug costs, including extending the $35 per month insulin cap to all Americans.
7- Medicare Negotiations: She plans to expand Medicare’s ability to negotiate drug prices, which could save billions for taxpayers.
8- No New Tax Increases: Harris has committed not to raise taxes on Americans earning under $400,000 per year.
9- Criticism and Concerns: Some Democrats are concerned about the fiscal sustainability of her proposals and her endorsement of tax cuts on tips.
10- Focus on Battleground Voters: The agenda appears designed to appeal to middle-class voters in battleground states, prioritizing immediate economic relief over long-term fiscal concerns.
NOTE; This is a developing story and may be updated as details emerge.