After saying her administration would crack down on companies that gouged prices, Vice President Harris on Wednesday appeared to weaken her economic plan, acknowledging that a “very small number” of companies engage in price gouging.
Harris delivered the speech at the Congressional Hispanic Caucus' 47th annual Leadership Conference in Washington, D.C., but offered few specific details about the policies she is running for president.
Harris said she would provide families with the resources they need to enable parents to “raise great children,” but did not say what resources would be provided or how.
“I grew up understanding that local kids are local kids, and it should be in all of our vested interests to make sure they grow up with the resources they need to realize their God-given potential,” Harris said.
Policy groups say Harris' small business tax cuts are being drowned out by other tax hikes
Kamala Harris spoke at the Congressional Hispanic Caucus' (CHCI) Leadership Conference in Washington on Wednesday. (AP Photo/Jacqueline Martin)
Harris said she wants to lower grocery prices for families struggling to put food on the table and vowed to take on big companies that unfairly gouge prices from customers, but minutes later appeared to weaken her platform by saying only “a small minority” of companies do so.
Harris offered few specific details about her economic policies. (AP Photo/Jose Luis Magana)
“Many of you come from states where extreme weather in California, wildfires in other parts of the country, and even a pandemic have left people desperate and desperate for help because of these emergencies. And, you know, businesses, a very small minority, are jacking up prices and making it even harder for desperate people to get by,” Harris said. “We need to stand up to that.”
Trump threatens to impose 200% tax on Mexican cars, making them “unsellable” in the US
Harris' economic plan Raising the corporate tax rate She supported a 35% corporate tax rate during the 2020 presidential campaign, but her new bill would raise it to 28% from the current 21%.
Harris' campaign has described it as a “fiscally responsible way to put money back in working people's pockets and ensure that billionaires and big corporations pay their fair share,” but it has drawn sharp criticism from some policy groups.
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According to an analysis by the Tax Foundation, Harris' overall plan is Increase taxes Between 2025 and 2034, economic losses would increase by $4.1 trillion, resulting in a 2% longer-term decline in GDP, a 1.2% decline in wages, and 786,000 job losses over that period.
Fox News Digital's Breck Dumas contributed to this report.
