Politics

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Kamala Harris unveils populist policy agenda, with $6,000 credit for newborns (and more) (www.washingtonpost.com)

submitted 3 months ago* (last edited 3 months ago) by alyaza to c/politics

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the long and short of this agenda (courtesy of a ResetERA post:

GROCERIES AND FOOD

First-ever federal ban on corporate price gouging on food and groceries

Set clear rules so that corporations can't unfairly exploit consumers with pricing to run up excessive corporate profits

Empower the FTC and state attorney generals to investigate corporations for violating the rules

Aggressively regulate mergers and proposed consolidation among food producers and grocers

HEALTHCARE

Expand the $35 insulin cap for Medicare to all Americans, not just the elderly ones

Cap all Americans annual out of pocket prescription drug spending at $2,000/year

Ramp up Medicare negotiations with drug companies over their most expensive drugs

Regulate pharmaceutical companies that block competitive and abusive practices by middlemen

Cancel medical debt for millions of Americans

TAX CUTS

Extend Inflation Reduction Act subsidies and lower premiums for ACA

Expand Earned Income Tax Credit by up to $1,500

Restore the $3,000 per child tax credit from the Inflation Reduction Act

Expand the Child Tax Credit so that even the poorest of families receive it (currently families need to make a high enough annual income to receive it)

Increase the Child Tax Credit to $6,000 per child for first year newborns

HOUSING

$25,000 down payment assistance for first time homebuyers who have paid rent on time for at least two years

Tax credit incentives for home builders who build starter homes sold to first time homebuyers

Build 3 million homes

$40B to local state governments for building housing

Pass the Stop Predatory Investing Act, legislation that would prohibit investors who acquire 50 or more new single-family rental homes from deducting interest or depreciation on the properties.

Pass the Preventing the Algorithmic Facilitation of Rental Housing Cartels Act, legislation that cracks down on companies that allow landlords to collude to set high housing prices via software and price-setting algorithms.

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[–] Midnitte 8 points 3 months ago

Should also be noted that the covid tax credit drove childhood poverty to 8%.

In 2021, bolstered by federal pandemic relief, economic security programs drove the poverty rate down to a record low of 8.0 percent. The expiration of that aid drove poverty back up in 2022, to 12.4 percent. The number of people living in poverty fell by 14.5 million between 2019 and 2021 and rose back up by 14.5 million in 2022. - Source

It should be noted that the covid era tax credit was also redeemable by those below the income threshold.