Kamala Harris Unveils Ambitious Economic Proposals to Aid Middle and Lower-Class Americans

U.S. Vice President Kamala Harris has introduced a suite of economic proposals aimed at reducing living costs for middle and lower-class Americans. The initiatives build on President Biden's economic agenda and feature tax incentives, increased corporate tax rates, revived Child Tax Credits, and measures to tackle affordable housing and child care costs.

U.S. Vice President Kamala Harris has announced a new package of economic proposals aimed at reducing living costs for middle and lower-class Americans and boosting the overall economy through tax incentives and other fiscal measures.

Some of Harris's proposals build on unfinished elements of President Joe Biden's economic agenda, expanding their scope and size. Key components include not raising taxes on households earning less than $400,000, increasing the corporate tax rate to 28%, and restoring higher Child Tax Credits.

Additionally, Harris's plan aims to tackle affordable housing issues by spurring new construction and providing tax credits to first-time buyers and builders of affordable rental units. Her initiative also supports small businesses with a new tax deduction for startup costs, and proposes a federal ban on grocery price gouging to protect consumers.

(With inputs from agencies.)