New homes and end to price-gouging: Kamala Harris sets economic goals

Kamala Harris has called for millions of new-build homes and first-time buyer help, tax breaks for families and a ban on grocery “price-gouging” in her first speech focused on economic policy.

The Democratic presidential nominee’s plans build on ideas from the Biden administration and aim at addressing voter concerns after a surge in prices since 2021.

Many of the proposals would require action from Congress, where similar ideas have stalled in the past.

Donald Trump said the vice-president had already had more than three years with the administration to deliver her promises, which his campaign called “dangerously liberal”.

Ms Harris hit back in a speech on Friday in North Carolina, stating: “I think that if you want to know who someone cares about, look at who they fight for. “

The campaign’s proposals include a “first-ever” tax credit for builders of homes sold to first-time buyers, as well as up to $25,000 in down-payment assistance for “eligible” first time buyers, a move that her campaign estimated could reach four million households over four years.
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