WASHINGTON \u2014 Vice President\u00a0Kamala Harris\u00a0plans to propose the first-ever federal ban on \u201ccorporate price-gouging in the food and grocery industries,\u201d her campaign announced late Wednesday.<\/p>\n
\u201cThere\u2019s a big difference between fair pricing in competitive markets, and\u00a0excessive prices\u00a0unrelated to the costs of doing business,\u201d the Harris campaign said in a statement. \u201cAmericans can see that difference in their grocery bills.\u201d<\/p>\n
The proposed ban is part of a broader\u00a0economic policy platform\u00a0that the Democratic presidential nominee plans to unveil Friday at a campaign rally in battleground North Carolina.<\/p>\n
Harris will also pledge that if elected president, she will direct her administration to increase scrutiny of potential mergers between large supermarkets and food producers, \u201cspecifically for the risk that the proposed merger would raise grocery prices for consumers,\u201d her campaign said.<\/p>\n
This package of regulatory proposals is one of the Harris campaign\u2019s earliest efforts to outline an economic platform that is independent of President\u00a0Joe Biden\u2019s agenda.<\/p>\n
Before Biden abruptly dropped out of the race in July and endorsed Harris, he had spent more than a year campaigning for reelection and blaming corporate greed for consumer prices driven higher by inflation.<\/p>\n
Harris\u2019 plan still sits firmly within the overall Biden approach to regulation, however, which has\u00a0prioritized consumer protections\u00a0across a range of industries and\u00a0sued to block\u00a0several massive corporate mergers.<\/p>\n
In March, the White House\u00a0launched the Strike Force on Unfair and Illegal Pricing,\u00a0a joint initiative between the Justice Department and the Federal Trade Commission.<\/p>\n
On Friday, Harris will single out the meat industry, saying that \u201csoaring meat prices have accounted for a large part of Americans\u2019 higher grocery bills, even as meat processing companies registered record-breaking profits following the pandemic,\u201d according to the statement from her campaign.<\/p>\n
The Democratic presidential nominee will also unveil proposals intended to bring down consumer costs in two other sectors where corporations have aggressively exercised their pricing powers: prescription drugs and housing.<\/p>\n
Harris\u2019 speech will come two days after her opponent, former President\u00a0Donald Trump, gave his own\u00a0economic policy speech\u00a0in North Carolina, where he blamed Harris for the high price of consumer goods.<\/p>\n
\u201cYou\u2019re paying the price for [Harris\u2019] liberal extremism at the gas pump, at the grocery counter, and on your mortgage bill,\u201d Trump said in Asheville.<\/p>\n
Nearly a month into her campaign, Harris has already erased Trump\u2019s lead over Biden in national and swing state polls.<\/p>\n
But Trump still maintains his longstanding advantage over Democrats when it comes to which candidate voters believe would be best for the economy.<\/p>\n<\/p>\n
WASHINGTON \u2014 Vice President\u00a0Kamala Harris\u00a0plans to propose the first-ever federal ban on \u201ccorporate price-gouging in the food and grocery industries,\u201d her campaign announced late Wednesday. \u201cThere\u2019s a big difference between fair pricing in competitive markets, and\u00a0excessive prices\u00a0unrelated to the costs of doing business,\u201d the Harris campaign said in a statement. \u201cAmericans can see that difference […]<\/p>\n","protected":false},"author":0,"featured_media":7983,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/7982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=7982"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/7982\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/7983"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=7982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=7982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=7982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}