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Bloomberg Television

What to Know About Kamala Harris’ Economic Plan 💖

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vice president KLA Harris has wrote out an economic plan that focuses on bringing down costs for lower and middle- class Americans here’s what you need to know about the major parts of the plan first without new legislation most Americans will see their tax rates go up at the end of next year but Harris wants to keep tax rates in place for people making less than $400,000 a year and raise taxes only on higher earners and businesses her campaign has said the revenue from taxes on the wealthy would offset the cost of other parts of her agenda such as restoring a child tax credit that would give families up to $3,600 for each child and a new $6,000 credit for newborns now economists say this would be pretty costly but some say the economic benefits outweigh the programs cost Harris also wants the cap out- of pocket cost for prescription drugs at $2,000 a year and limit payments on insulin to $35 a month and she wants to make things easier for first-time home buyers with down payment support and tax incentives for Builders who work on starter homes one part of her plan that’s rais concerns is a federal ban on price gaing on groceries a fact sheet from the campaign states that Harris would direct the Federal Trade commission and other agencies to enforce new penalties against businesses that violates rules on hiking prices many economists say price controls would be bad policy and they’ve questioned if the measures would even bring down the cost of food the economy and high prices are at the Forefront of Voters minds and Harris has until November 5th to persuade them that her policies would benefit them more than Trump’s

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