Vice President Kamala Harris's proposed economic policies would inject more big government into the lives of ordinary Americans, leading to even higher costs for everything from groceries to healthcare.
The Biden-Harris administration's failed economic policies have resulted in skyrocketing costs for American families. Despite this, Vice President Kamala Harris continues to advocate for even more government control over the economy, claiming that it is the solution to these problems. However, a closer examination of her proposals reveals that they would only exacerbate the current situation.
Harris's economic plans focus on three key areas: food, healthcare, and housing. In each case, her proposals would give government bureaucrats sweeping powers to dictate prices and regulate industries. This would lead to higher costs, reduced competition, and fewer choices for consumers.
Kamala Harris's Disastrous Economic Plans Would Lead to Even Higher Costs for Americans
Harris's plan to ban "price gouging" on food would allow bureaucrats in Washington to decide what constitutes gouging, effectively setting prices for everything from bread to milk. This would discourage grocery stores from selling certain items, leading to shortages and higher prices.
Moreover, the Federal Trade Commission (FTC) would have the authority to prosecute businesses that violate these price controls. This would create a climate of fear and uncertainty, making it difficult for businesses to plan and invest.
Kamala Harris's Disastrous Economic Plans Would Lead to Even Higher Costs for Americans
Harris has also proposed targeting pharmacy benefit managers (PBMs), which negotiate lower drug costs on behalf of employers and other healthcare purchasers. By forcing PBMs to disclose their negotiated prices publicly, she would give drug manufacturers an unfair advantage, allowing them to raise prices for patients.
Harris's other healthcare proposals, such as eliminating the role of PBMs in negotiating drug prices, would also drive up healthcare costs for businesses and consumers. These policies would stifle innovation and make it harder for Americans to get the healthcare they need.
Kamala Harris's Disastrous Economic Plans Would Lead to Even Higher Costs for Americans
Harris's plan to prevent landlords from setting "artificially high" rental prices would discourage homebuilders from entering the market. Why would builders invest their capital and time constructing homes if they could not set their own prices? This would lead to a shortage of housing and higher prices for both renters and homebuyers.
Vice President Kamala Harris's economic plans are based on the flawed belief that government knows better than the free market. However, history has shown that government intervention often leads to higher costs, reduced competition, and less choice.
Kamala Harris's Disastrous Economic Plans Would Lead to Even Higher Costs for Americans
Americans should reject Harris's reckless economic policies in November. Instead, they should support candidates who advocate for responsible, limited government and a pro-growth economic platform.
