Conquering the housing crisis and sustaining purchasing power through fiscal measures and new regulations: US Vice President and Democratic presidential candidate Kamala Harris presented her economic program on Friday, immediately branded a communist by his Republican rival Donald Trump.
“Donald Trump fights for billionaires and big business. We, I, will fight to give money back to working and middle-class Americans,” said Harris, 59, in North Carolina.
The Republican “wants to impose what is, in effect, a national sales tax on everyday products and basic necessities that we import from other countries. That would devastate the American people,” he said.
“That would mean higher prices on virtually every single product you use every day,” he said. “It’s the Trump tax on gasoline, the Trump tax on food, the Trump tax on clothing,” he said ironically.
“Donald Trump’s economic plan would cost a typical family $3,900” a year, he said.
Harris proposes to build three million new homes to address the “shortage” of roofs. This is complemented by aid for first-time buyers of up to $25,000 and even laws to discourage real estate speculation.
The Democratic candidate promises to help families with tax credits For those with newborns, the amounts can reach $6,000.
It also proposes controlling companies that “inflate” prices beyond what is necessary, particularly in the food sector.
In terms of health, he wants to extend to the entire population a measure that caps the cost of insulin for the elderly at $35 a month and seek a solution to the problem of debts incurred to pay for medical treatments.
Harris knows that the cost of living, which remains high after years of inflation, is politically damaging to the administration she is in with Joe Biden, despite robust growth and a solid job market.
For Donald Trump, it is a “communist” plan
“Comrade Harris deep into communism!” Trump reacted on Friday, He particularly criticises the idea of price controls.
The term has a strong pejorative connotation in the United States.
“There have been many attempts throughout history to limit prices, and they have failed because they have led to queues in front of shops, shortages and an explosion of inequality,” criticised the 78-year-old Republican millionaire.
Harris’ campaign team accuses the Republican of preparing tax giveaways to “his ultra-rich friends.”
They also criticise the former president’s policy of raising tariffs, which they say would fuel inflation.
According to a poll released Friday by the University of Michigan, 41 percent of consumers believe the vice president is a better candidate for the economy, and 38 percent believe Trump is the right candidate in this area.
Previously, Trump had a wide lead over Joe Biden in opinion polls.
The Democrat sparked the fury of her rival by proposing to eliminate taxes on tips in the hotel and restaurant sector, and the Republican accused her of “plagiarizing” one of his ideas.
The Vice President He promised to increase the minimum wage in case of winning on November 5th.