VP Harris Unveils Sweeping Agenda That Includes a $25,000 Subsidy for First-Time Homebuyers and Expanded Child Tax Credits for Families
Vice President Kamala Harris unveiled a comprehensive economic plan addressing inflation, housing, and middle-class taxes. Her proposals include a ban on grocery price gouging, a $25,000 subsidy for first-time homebuyers, and an expansion of the child tax credit. Supporters praise her efforts to curb rising costs and boost housing supply, but critics warn that price controls could cause shortages, and homebuyer subsidies might increase prices. Economists broadly support the middle-class tax cuts, though some emphasize the need for offsetting revenue to avoid worsening the national debt.
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00:00It's Benzinga, and here's what's on the block.
00:02Vice President Kamala Harris unveiled a comprehensive economic plan addressing inflation, housing,
00:08and middle-class taxes.
00:09Her proposals include a ban on grocery price gouging, a $25,000 subsidy for first-time
00:15homebuyers, and an expansion of the child tax credit.
00:19Supporters praised her efforts to curb rising costs and boost housing supply, but critics
00:23warned that price controls could cause shortages and homebuyer subsidies might increase prices.
00:29Critics broadly support the middle-class tax cuts, though some emphasize the need for
00:33offsetting revenue to avoid worsening the national debt.
00:35For all things money, visit Benzinga.com.