Kamala Harris To Roll Out First Major Economic Policy: ‘Price Controls’ For Food And Groceries
Vice President Kamala Harris is poised to roll out a proposal to impose a federal ban on supposed corporate “price-gouging” on food and groceries, according to The Hill. Harris will announce the plan during a Friday…
Vice President Kamala Harris is poised to roll out a proposal to impose a federal ban on supposed corporate “price-gouging” on food and groceries, according to The Hill.
Harris will announce the plan during a Friday speech detailing her economic agenda in North Carolina, where she will blame corporate consolidation and greed for the increased prices Americans are paying for their food and groceries, according to The Hill. The proposal to attribute inflation to corporate greed echoes a common refrain from the Biden administration, which has consistently tried to pin responsibility for inflation on price gouging instead of its massive spending agenda.
The vice president will say during her Friday speech that the cost of meat is particularly responsible for the overall increases in food prices, according to The Hill. The Consumer Price Index for “food at home” — which includes many items commonly purchased at grocery stores — is up by about 21% since 2021, the year that the Biden administration came into power, according to Axios.