Excerpt. Follow link in next post for full text.
Today, Vice President Kamala Harris is announcing several proposals for her first 100 days in office to bring down costs for American families. The steps announced today will cut taxes for the middle class, reduce grocery costs, take on price gouging, lower the costs of owning and renting a home, continue to bring down the costs of prescription drugs, and relieve medical debt for millions of Americans. These bold actions will address some of the sharpest pain points American families are confronting and bolster their financial security.
These proposals are just one part of the Vice President’s economic plan, which also includes protecting and strengthening Social Security and Medicare; bringing together labor, small businesses, and major corporations to invest in America, create jobs, and deliver for Americans; lowering costs of education, child care, and long-term care
Excerpt. Follow link in next post for full text.
Lowering the Rent for Hardworking Americans by Taking on Corporate and Major Landlords. In addition to ongoing efforts by Vice President Harris and President Biden to expand rental assistance for hard-pressed Americans including for veterans, boost housing supply for those without homes, enforce fair housing laws, and make sure corporate landlords can’t use taxpayer dollars to unfairly rip off renters, today she is proposing plans to:
Stop Wall Street Investors from Buying Up and Marking Up Homes in Bulk. Community after community feels taken advantage of by Wall Street investors and distant landlords. Vice President Harris is calling on Congress to pass the Stop Predatory Investing Act, to curtail these practices by removing key tax benefits for major investors who acquire large numbers of single-family rental homes.
Excerpt. Follow link in next post for full text.
Lowering the Costs of Prescription Drugs and Relieving Medical Debt
As California’s Attorney General, Kamala Harris held Big Pharma accountable for deceptive and illegal practices, winning $7 billion on behalf of Americans in lawsuits brought against their unsafe and unfair tactics. As Vice President, she cast the tie-breaking vote in the Inflation Reduction Act to help save millions of Americans $800 a year on their health insurance, win the right for Medicare to negotiate lower drug prices with the big pharmaceutical companies, cap the cost of insulin at $35 for seniors, and cap seniors’ out-of-pocket drug costs at $2,000 starting next year. As President, she will build on these historic actions by working with Congress to:
Cap the cost of insulin at $35 and out-of-pocket expenses for prescription drugs at $2,000 for everyone, not just seniors.
Accelerate the speed of Medicare negotiations over prescription drugs.
Excerpt. Follow link in next post for full text.
Cutting Taxes for the Middle Class—With Up to $6,000 Tax Credit per Child
Vice President Harris is proposing a new plan to get tax relief to more than 100 million Americans. Her plan will expand the Child Tax Credit to provide a $6,000 tax cut to families with newborn children. Unlike Trump and Vance, Vice President Harris is committed to ensuring no one earning less than $400,000 a year will pay more in new taxes.
Vice President Harris and Governor Walz’s plan will:
Cut Taxes for Middle-Class Families with Kids. Vice President Harris will restore the American Rescue Plan’s expanded Child Tax Credit and fight to make it the ongoing law of the land. It will provide up to $3,600 per child tax credit for middle class and the most hard-pressed working families with children.
A New $6,000 Child Tax Credit for Families with Children in the First Year of Life
Harris-Walz campaign economic proposals:
—$6,000 tax credit for newborns
—cap insulin cost at $35, out-of-pocket Rx costs at $2,000 for everyone
—work with states to cancel medical debt
—encourage building 3 million housing units
—eliminate incentives for corp landlords buying homes in bulk