Harris plans to suggest a federal prohibition on "price-gouging" in food and groceries.
- The Vice President will introduce a federal prohibition on "corporate price-gouging" in the food sector, according to her campaign.
- Harris promises to intensify Justice Department scrutiny of mergers between grocers and food producers if elected.
- The ban is a component of the Democratic presidential candidate's initiative to address voters' persistent dissatisfaction with the high cost of meat and groceries.
The campaign of Vice President Kamala Harris announced that she plans to propose a federal ban on "corporate price-gouging in the food and grocery industries."
"The Harris campaign stated that there is a significant distinction between fair pricing in competitive markets and excessive prices that do not reflect the costs of doing business. This is evident in the higher grocery bills that Americans face."
The proposed ban is part of a broader economic policy platform that the Democratic presidential nominee will reveal at a campaign rally in North Carolina on Friday.
Harris's campaign stated that if she is elected president, she will direct her administration to intensify the examination of potential mergers between large supermarkets and food producers, with a focus on the potential risk of raising grocery prices for consumers.
The Harris campaign's economic platform is outlined in this package of regulatory proposals, which is separate from President Biden's agenda.
In July, after more than a year of campaigning for reelection, Biden abruptly dropped out of the race and endorsed Harris, citing corporate greed as the cause of inflation-driven higher consumer prices.
Despite this, Harris' plan remains consistent with Biden's overall approach to regulation, which emphasizes consumer protection across various sectors and has challenged several large corporate mergers through legal action.
The "Strike Force on Unfair and Illegal Pricing" was launched by the White House in March, in collaboration between the Justice Department and the Federal Trade Commission.
Harris will criticize the meat industry on Friday, stating that "the rise in meat prices has significantly contributed to Americans' higher grocery bills, despite meat processing companies experiencing unprecedented profits due to the pandemic," as per her campaign's statement.
The Democratic presidential candidate will reveal plans to reduce consumer costs in two areas where corporations have been known to increase prices: prescription drugs and housing.
Two days after former President Donald Trump delivered his economic policy speech in North Carolina, where he criticized Harris for the high cost of consumer goods, Harris will give her own speech.
Trump stated in Asheville that you are paying the price for Harris's liberal extremism at the gas pump, grocery counter, and on your mortgage bill.
In just a month, Harris has managed to close the gap between her and Trump in both national and swing state polls.
Despite recent polls, Trump retains his edge over Democrats in terms of voters' perception of which candidate would be better for the economy.
Politics
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