08/15/2024

Harris to Propose Ban on ‘Price Gouging’ for Food, Groceries

This will be her most substantive economic policy since launching her campaign

On Friday, Vice President Kamala Harris will unveil a proposed ban on "price gouging" in the grocery and food industries, embracing a strikingly populist proposal in her most significant economic policy announcement since becoming the Democratic Party's nominee.

In a statement released late Wednesday night, the Harris campaign said that if elected, she would push for the "first-ever federal ban" on food price hikes, with sweeping new powers for federal authorities. Harris on Friday will also announce plans to lower prescription drug and housing costs, the campaign said.

Harris' plans amount to a sharp escalation in the economic populism even of President Joe Biden, who had already pulled the party to the left on economic policy compared with his Democratic predecessors. While offering some overtures to the business elite, Harris is attempting to respond to intense voter frustration over rising prices — particularly grocery prices — with a far-reaching proposal.

Please select this link to read the complete article from The Washington Post.