Vice President Harris Set to Propose First-Ever Federal Ban on 'Corporate Price-Gouging.' Here's What to Expect from Her Economic Plan
Vice President Kamala Harris will propose the first-ever federal ban on "corporate price-gouging" in the food industry as part of her presidential campaign platform. Harris also plans to increase scrutiny of potential mergers between large supermarkets and food producers to prevent price increases. Harris will unveil proposals to lower prescription drug and housing costs where corporations have exercised pricing power. The plan draws on the Biden administration's initiatives to promote consumer protections and block anti-competitive mergers. Harris has eliminated Trump's lead in national and swing state polls but still trails on perceptions of economic leadership.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Vice President Kamala Harris will propose the first ever federal ban on corporate price
00:07gouging in the food industry as part of her presidential campaign platform.
00:11Harris also plans to increase scrutiny of potential mergers between large supermarkets
00:15and food producers to prevent price increases.
00:18Harris will unveil proposals to lower prescription drug and housing costs where corporations
00:23have exercised pricing power.
00:25The plan draws on the Biden administration's initiatives to promote consumer protections
00:29and block anti-competitive mergers.
00:32Harris has eliminated Trump's lead in national and swing state polls, but still trails on
00:36perceptions of economic leadership.
00:38For all things money, visit Benzinga.com.