Vice President Kamala Harris is planning to propose a federal ban on corporate price-gouging in the food and grocery industries, as part of a broader economic policy platform that she will unveil during a campaign rally in North Carolina. The proposed ban aims to prevent excessive prices unrelated to the costs of doing business that are impacting consumers’ grocery bills. Harris also plans to increase scrutiny of potential mergers between large supermarkets and food producers to prevent grocery prices from rising for consumers.
These regulatory proposals are independent of President Joe Biden’s agenda, although they align with his administration’s focus on consumer protections and opposition to massive corporate mergers. Harris specifically targets the meat industry where soaring prices have contributed to higher grocery bills for Americans. She also plans to unveil proposals to reduce consumer costs in prescription drugs and housing.
Harris’ economic platform contrasts with former President Donald Trump’s views, who blamed Harris for high consumer prices in a recent speech in North Carolina. Despite erasing Trump’s lead over Biden in national and swing state polls, Harris still faces a challenge in convincing voters that she would be better for the economy than Trump. Harris’ speech comes as part of her efforts to outline a comprehensive economic plan that addresses consumer protection and affordability in key sectors.
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