In the Media
HUFFPOST: Kamala Harris’ Big Economic Speech Breaks With Biden And Continues His Legacy
08. 16. 2024
The vice president is zeroing in on the cost of living, with new proposals to expand the child tax credit and build more homes.
Huffpost originally published this article.
Harris’ attack on corporate price gouging Friday follows the Biden administration’s efforts this week to highlight proposals to crack down on corporate red tape that makes it a headache to cancel gym memberships and newspaper subscriptions.
Taylor Jo Isenberg, director of Economic Security Project Action, an organization that advocates for government intervention against monopolies, praised the Biden administration for embracing stronger enforcement actions by the Federal Trade Commission, which has targeted both subscription cancellation and also sued to prevent company mergers in the meat industry.
“It’s a broader understanding and shift in the Democratic Party around the power of enforcing the law,” Isenberg said.
The Biden administration this week also touted a significant cost-saving achievement: lower prices for prescription drugs under Medicare, thanks to long-sought legislation Biden signed into law two years ago allowing the retirement health care program to negotiate deals with drug companies. The cost savings could amount to more than $1 billion for seniors in 2026.