Vice President Kamala Harris has unveiled her plan for government to control food and grocery prices as part of her progressive economic proposals during her first policy speech in Raleigh, North Carolina.
According to the Harris campaign, she will call for a federal ban on food and grocery price gouging and fixing within her first 100 days in office. This and other measures to ease the burden of high prices have weighed on American households and contributed to many voters' low marks for President Joe Biden's handling of the economy will be tackled.
Other plans she mentioned include the construction of three million new housing units in her first four years in office as well as her plan to call for a new tax incentive for builders that construct properties for first-time home buyers and a proposal of $40 billion fund to help local governments find solutions to the lack of housing supply.
She is also proposing providing working families who have paid their rent on time for two years with up to $25,000 in down-payment assistance, with more support for first-generation homeowners. (Related: Harris deceives voters with manipulated news headlines.)
"Your salary should be enough to provide you and your family with a good quality of life … such as, no child should have to grow up in poverty," she said in Raleigh. "Such as, after years of hard work, you should be able to retire with dignity, and you should be able to join a union if you choose."
Harris' proposed policies are a "smokescreen" to conceal the Biden-Harris administration's economic failure
Critics have expressed their concerns about Harris' proposals on how she'd handle the American economy should she win the election. According to them, these are just a "smokescreen" to deflect from how the administration of President Joe Biden is handling inflation because, as vice president, she already had four years to do something about it.
Former President Donald Trump echoed the sentiment saying: "I gave Harris and Biden an economic miracle and they quickly turned it into an economic nightmare."
Republicans have also denounced her proposal on the ban for food and grocery "price gouging" by corporations, calling it "Marxist" and "lunatic behavior."
They also challenged the merits of Harris' claim that food and grocery providers are artificially inflating prices.
For Paul Teller, executive director at the non-profit Advancing American Freedom, price control of groceries is a Soviet Union approach to inflation. "Price controls are wrong and never work, not on groceries and not on drug prices. They are anti-innovation and anti-free market," he added.
"Actual consumer prices have been going up less than producer prices, which means that businesses if anything, are price gouging themselves," said Richard Stern, director of the Heritage Foundation's Grover M. Hermann Center for the Federal Budget. "If the prices are going up more than the cost of doing business, then [the consumer price index] would be going up faster than [the producer price index], and it's not." Antoni, also of the Heritage Foundation, noted that, in the past, when politicians have tried to impose price and wage controls, it has "always ended with the same disastrous effect, which is shortages."
"We had gas lines in the 1970s, and now she's talking not about regulating the price of fuel, but regulating the price of food. So, instead of gas lines, we're going to have bread lines. This is insane, but I guess we shouldn't be surprised because, let's face it, [Harris] is a Marxist, and her policies are going to introduce the same effects here that Marxist policies have had elsewhere."
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Watch the video below where Florida Rep. Byron Donalds talks about how Harris' economic talking points won't work.
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