Kamala Harris has unveiled her economic agenda. Promises include a child tax credit, a ban on price gouging on food products, and incentives for housing construction. The Democratic candidate for the US presidential election announced at a rally in North Carolina that as president, she will focus in particular on the middle class.
US Presidential Elections: Kamala Harris Unveils Economic Program
Her announcements suggest that the tax break for families with small children would be $6,000. In turn, a federal ban on inflating the prices of food products would stop large corporations from unfairly taking advantage of consumers in their pursuit of profit. Kamala Harris also wants to build three million new apartments over four years and introduce subsidies ($25,000) for down payments for first-time homebuyers.
The Democratic candidate also spoke about the need to lower health care costs and eliminate medical debt. She also reiterated the promise of US President Joe Biden. She assured that there will be no tax increase for people who earn no more than $400,000 a year.
US Elections: Donald Trump Wants Higher Tariffs on Imported Goods
Republican candidate Donald Trump has long spoken of plans to impose tariffs on all imported goods from abroad. On Wednesday, during his speech in North Carolina, he announced tariffs of 10-20 percent. Trump also announced the introduction of 60 percent tariffs on goods from China and the elimination of the tip tax. The presidential candidate has not yet presented an economic program.