Speaking at a campaign event in New Orleans, LA on Saturday, Vice President Kamala Harris spoke about President Biden's economic policies.
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00:00I'd ask people in the room to raise your hand if you relieve student loan debt relief because you voted in 2020 and Joe Biden and I came in office and were able to forgive billions of dollars of student loan debt, understanding how it impacts all communities and especially ours.
00:23I would ask anyone to think, and you don't have to tell anybody about this, have you or a family member suffered from medical debt? We are in the process of saying that no longer can medical debt be counted against your credit score.
00:40Right. Because you see, we came in office and we knew because we are of and care about the people as opposed to the richest billionaires, which is who the former president gave a tax cut to and then created one of the largest deficits our country has ever seen.
00:57We know medical debt comes about because often, most often, a medical emergency, which nobody invites upon themselves or plans for. And it can result in tens to hundreds of thousands of dollars in expenses that you did not plan for and create debt and then would be used against your credit score.
01:21What is your credit? Most people know the number of their credit score like you know your weight, especially with all those apps now, right?
01:27That was shade. I just want, that was shade. We're going to talk about that later.
01:35But the credit score makes a decision then about who's eligible for a car loan or a small business loan or getting an apartment lease.
01:44And what's wrong about medical debt being used in the credit score is the credit score is supposed to be a measure of whether you're responsible with money.
01:54A medical emergency is not about that issue. What we have done to cap the cost of insulin at $35 a month.
02:03Raise your hand if you have a family member who has diabetes.
02:09Right.
02:13And what we know is that black folks are 60% more likely to be diagnosed with diabetes.
02:18We cap the cost of insulin at $35 a month.
02:21We have finally allowed Medicare to negotiate drug prices with the big pharmaceutical companies to bring the cost down.
02:28So I say, look at what we've done to know that when you voted in record numbers, people voted in record numbers in 2020.
02:38This is what was able to happen.
02:41And when everyone votes in those numbers again in 122 days, we can see it through.
02:48And seeing it through includes what we intend to do to raise federal minimum wage,
02:53what we intend to do to bring down the cost and make affordable child care a reality for all families.
02:59We have said 7% of your income should be, not more than 7% of your income should have to go for child care.
03:06What we are in the process of doing for affordable housing, both for renters and those who want to be first-time homeowners.
03:14We have a plan.
03:15We need Congress to agree that if you are the first generation in your family to seek homeownership,
03:22you'll get a $25,000 tax credit to help you with the down payment.