Harris to focus on grocery costs, child tax credit in economic agenda, advisers say
Adds Harris campaign comment in paragraphs 5-6
By Nandita Bose and Jeff Mason
WASHINGTON, Aug 14 (Reuters) -Democratic presidential candidate Kamala Harris's economic agenda will focus on lowering the cost of groceries, housing and healthcare, bolstering the child tax credit and drawing a contrast with Republican Donald Trump on tariffs and taxes, aides and advisers said.
Harris, the U.S. vice president, plans to lay out some details of her economic plan in a speech in North Carolina on Friday that will touch on lowering costs and "price gouging," a sign of how important consumer prices are to voters in the Nov. 5 election.
Inflation fell to below 3% for the first time in nearly 3 1/2 years in July, the Labor Department said on Wednesday, but high prices of groceries and consumer goods remain well above their pre-pandemic levels.
The economy remains a top concern for U.S. voters, who generally see Republicans as better economic stewards.
Harris will call for a federal law banning corporations from setting excessive prices and call out the practices of meat processing companies, the Harris campaign said late on Wednesday.
Her proposal would allow the Federal Trade Commission to investigate abuses and impose penalties in the food and grocery industry, while her administration would put more scrutiny on merger activity in the space. Other Harris plans will deal with prescription drug costs and housing costs.
Harris' economic platform closely mirrors that of President Joe Biden and aims to appeal to the middle class. Her campaign will pay special attention to what plays well with voters in battleground states, with less than 90 days from the presidential election, advisers said.
"Same values, different vision," said one aide, describing how Harris' economic agenda will be different from Biden's. "She's not moving far away from him on substance, she will highlight the ones that matter most to her."
The Trump campaign has been mulling new tax cuts for middle class households, and Trump proposed eliminating taxes on tipped wages - something Harris did as well in Las Vegas last week.
Harris cares a lot about "pocketbook issues for working families, in particular those with small kids," one Harris adviser told Reuters. She was a champion of the child tax credit, which reduces the tax burden for lower-income families.
"She's going to embrace that," the adviser said.
Progressive economic ideas often poll well with voters, but they have proven tough to pass into law. Most of Harris' and Trump's economic priorities need to go through Congress. A child tax credit bill passed the House but stalled in the Senate this year.
Not all elements of Harris' economic agenda will make it to the Friday speech, a draft of which is still in the works. Her campaign wants to avoid dividing voters and attracting attacks from business groups over granular details, and will be "strategically ambiguous" in areas like energy.
Harris no longer supports measures from her short-lived 2020 presidential bid such as a fracking ban, or Medicare for All, advisers said.
She will push plans to cut costs of rental housing and homeownership, including funding more affordable housing and building climate resistant communities.
"She does have a focus on housing because we know and she knows very, very clearly that housing is a crisis in this country," said Marcia Fudge, a Harris adviser and the former secretary of Housing and Urban Development under Biden.
Harris will also draw contrasts with Trump on tax policy and tariffs, and maintain Biden's promise not to raise taxes on people who make $400,000 or less a year, advisers said. Trump slashed the corporate tax rate to 21% from 35% and implemented other tax breaks that are set to expire next year.
Trump has promised to make the tax cuts permanent and suggested new across-the-board tariffs on imports, an idea Harris rejects. Trump's campaign on Wednesday tied Harris to Biden's economic record.
"America cannot afford another four years of Kamala’s failed economic policies. President Trump has a proven track record of making this country prosperous and affordable, and Americans can trust him to put more money back in their pockets again,” Trump spokesperson Karoline Leavitt said.
Reporting by Nandita Bose and Jeff Mason in Washington; Additional reporting by Trevor Hunnicutt; Editing by Heather Timmons, Alistair Bell and Stephen Coates
ताजातरीन समाचार
अस्वीकरण: XM Group के सत्व केवल निष्पादन वाली सेवा और हमारी ऑनलाइन व्यापार सुविधा में पहुँच प्रदान करते हैं, ताकि व्यक्ति वेबसाइट पर या उसके जरिए उपलब्ध सामग्री को देख सके और/या उसका उपयोग कर सके। इसका प्रयोजन इसे बदलना या विस्तार देना नहीं है, न ही वह इसे बदलता या विस्तार देता है। इस तरह की पहुँच हमेशा ही निम्नलिखित के अधीन रहेगी: (1) नियम और शर्तें; (2) जोखिम चेतावनियाँ; और (3) पूर्ण अस्वीकरण। इसलिए ऐसी जानकारी सामान्य सूचना से अधिक कुछ भी नहीं है। विशेष रूप से, कृपया इससे अवगत रहें कि हमारी ऑनलाइन व्यापार सुविधा की सामग्रियाँ न तो किसी चीज का अनुरोध करती हैं, न ही वित्तीय बाजारों में प्रवेश करने की पेशकश ही करती हैं। किसी भी वित्तीय बाजार में व्यापार करने के साथ आपकी पूँजी को उल्लेखनीय जोखिम है।
हमारी ऑनलाइन व्यापार सुविधा में प्रकाशित सभी सामग्रियाँ शैक्षणिक/सूचनात्मक प्रयोजनों मात्र के लिए हैं, और इनमें वित्तीय, निवेश टैक्स या व्यापार सलाह और सुझाव नहीं हैं - न ही ऐसा समझना चाहिए कि इनमें ये सब हैं; न ही इनमें हमारी व्यापार कीमतों का अभिलेख है; न ही इनमें किसी वित्तीय उपकरण में लेन-देन करने का निमंत्रण या अनुरोध है; न ही ये आपको अवांछित वित्तयी प्रोमोशन पेश करती हैं।
इस वेबसाइट में मौजूद कोई भी तृतीय पक्षीय सामग्री, तथा XM द्वारा तैयार की गई सामग्रियाँ, जैसे: अभिप्राय, समाचार, अनुसंधान, विश्लेषण, कीमतें और अन्य सूचनाएँ या तृतीय पक्षों की साइटों के लिंक, "जैसा-है-वैसा" के आधार पर बाजार के बारे में सामान्य टिप्पणी के रूप में उपलब्ध कराई गई हैं, और वे निवेश हेतु सलाह नहीं हैं। जिस हद तक कीसी सामग्री को निवेश अनुसंधान मान लिया जाता है, उस हद तक आपको ध्यान में रखना होगा और इसे स्वीकार करना होगा कि वह सामग्री इस उद्देश्य से और निवेश अनुसंधान की स्वतंत्रता को बढ़ावा देने के लिए कानूनी आवश्यकताओं के मुताबिक, तैयार नहीं की गई है, और इसलिए उसे प्रासंगिक कानूनों और विनियमों के तहत विपणन संप्रेषण माना जाएगा। कृपया सुनिश्चित करें कि आपने गैर-आश्रित निवेश के बारे में हमारी सूचना को पढ़ और समझ लिया है। पीछे दी गई जानकारी के बारे में अनुसंधान और जोखिम चेतावनी यहाँ उपलब्ध है।
