Vice President Kamala Harris spoke in North Carolina on Friday and offered details on her economic policies should she be elected president in November. Harris has been under attack from Donald Trump, who has called her a “communist” and insulted her intelligence.
Harris framed much of her message around lowering the cost of living for average Americans and promised to “cut taxes” for 100 million Americans in the form of expanded tax credits.
She began by laying out her plan for making homeownership more accessible by building 3 million more housing units in her first term.
“We will make sure those homes actually go to working and middle-class Americans. Not just investors because, you know, some corporate landlords, some of them buy dozens if not hundreds of houses and apartments, then they turn them around and rent them out at extremely high prices. And it can make it impossible, then, for regular people to be able to buy or even rent a home. Yeah, some corporate landlords collude with each other to set artificially high rental prices, often using algorithms in price-fixing software to do it,” Harris said, adding:
Yeah, it’s anti-competitive and it drives up costs. I will fight for a law that cracks down on these practices. We also know that as the price of housing has gone up, the size of down payments have gone up as well. Even if aspiring homeowners save for years, it often still is not enough.
So in addition, while we work on the housing shortage, my administration will provide first time homebuyers with $25,000 to help with the down payment on a new home. We can do this. All to help more Americans experience the pride of homeownership and the financial security that it represents and brings. So that’s my plan. But here’s what Donald Trump would do. If his project 2025 agenda is put into effect, it will add around $1,200 a year to the typical American mortgage.
He’s got it backward. We should be doing everything we can to make it more affordable to buy a home, not less.
Harris then turned to tax policy, saying, “Finally, there’s one more way I will help families deal with rising costs, and that’s by letting you keep more of your hard-earned money. Under my plan, more than 100 million Americans will get a tax cut. And we will do this by restoring two tax cuts designed to help middle-class and working Americans — the earned income tax credit and the child tax credit.” She added:
Millions of Americans with children get to keep more of their hard-earned income. We know this works and has a direct impact on so many issues, including child poverty. We know it works. So as president, I’ll not only restore that tax cut but expand it. We will provide $6,000 in tax relief to families during the first year of a child’s life.
Now think what that means. Think what that means. That is a vital, vital year of critical development of a child. And the costs can really add up, especially for young parents who need to buy diapers and clothes and a car seat and so much else. And we will do this while reducing the deficit. Compare my plan with what Donald Trump intends to do. He plans to give billionaires massive tax cuts year after year, and he plans to cut corporate taxes by over $1 trillion, even as they pull in record profits. And that’s on top of the $2 trillion tax cut he already signed into law when he was president, which, by the way, overwhelmingly, overwhelmingly went to the wealthiest Americans and corporations and exploded the national deficit. Yes. You know, I think that if you want to know who someone cares about, look who they fight for.
Watch the clip above via Fox News.
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