Opposing economic plans, same ole commie tactics

As the 2024 presidential race tightens with just 80 days left before the election, financial security and inflation remain top issues among voters. Amid this, Vice President Kamala Harris and former President Donald Trump are presenting dueling visions for strengthening the U.S. economy.

Harris is set to unveil a broader economic plan on Aug. 16 that will touch on making prices affordable for consumers, including efforts to restrict price gouging.

She plans to propose the first-ever federal ban on “corporate price-gouging in the food and grocery industries” when elected, her campaign stated on Aug. 14.

The proposal was made after the Biden administration announced on Aug. 15 that it had reached an agreement with drug companies to lower prices for 10 of the most expensive prescription drugs covered under Medicare.

Trump has pinpointed prices and affordability in his bid to return to the White House.

In an Aug. 14 speech, the former president pledged to reduce energy costs by prioritizing drilling for oil and natural gas. He also said he would direct his cabinet to “defeat” inflation and decrease consumer prices. During a press conference on Aug. 15, he highlighted grocery costs and U.S. energy demand.
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Harris is expected to call on Congress on Aug. 16 during a speech in North Carolina to pass a federal ban on price gouging as part of her economic plan to lower costs, including grocery bills.

She is also expected to emphasize her commitment to ensuring that all Americans, not just seniors, can pay less for prescription drugs in the years ahead.

The Trump campaign focused on high prices and energy production in two events on Aug. 15—Trump’s press conference at his club in Bedminster, New Jersey, and a rally in New Kensington, Pennsylvania, hosted by his running mate, Sen. JD Vance (R-Ohio).

Standing next to a table with grocery products, including coffee, cereal, bagels, and bacon, Trump said everyday Americans face oppressively high prices on normal expenses.

“Grocery prices have skyrocketed,” Trump said, citing inflated costs for bread, butter, baby formula, eggs, and other groceries.

Trump criticized Harris’s plan to have the federal government restrict price gouging and suggested it would lead to food shortages and long-term price increases instead of reductions.

Beyond inflation, the campaign’s central line of attack on the affordability crisis is energy production. Trump and Vance targeted the topic in both speeches, with the former president arguing he would “immediately bring prices down” by increasing oil and natural gas drilling.

Vance agreed, highlighting the efforts of energy workers in western Pennsylvania.

“Let’s allow these guys to get it out of the ground,” Vance said, referring to oil and natural gas.

Vance said that increased energy production creates “economic opportunity for people” by lowering the cost of manufacturing and making it easier to heat homes during winter, leaving more money in consumers’ pockets for other expenses.

Both Trump and Vance criticized the Biden–Harris administration over energy production and suggested the two have prioritized an agenda that limits drilling and fracking.
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Trump also criticized Harris for being the tie-breaking vote to pass the American Rescue Plan Act in the U.S. Senate, a $1.9 trillion economic stimulus bill intended to bolster recovery from the pandemic, but has also been linked to inflationary increases.

https://www.theepochtimes.com/us/harris-trump-launch-opposing-visions-on-strengthening-us-economy-5706704

Price controls have never worked.