What to Know About Kamala Harris' Economic Plan

vice president KLA Harris has wrote out an economic plan that focuses on bringing down costs for lower and middle class Americans Harris wants to keep tax rates in place for people making less than $400,000 a year and raise taxes only on higher earners and businesses her campaign has said the revenue from taxes on the wealthy would offset the cost of other parts of her agenda such as restoring a child tax credit that would give families up to $3,600 for each child and a new $6,000 credit for newborns Harris also wants the cap out of pocket cost for prescription drugs at $2,000 a year and limit payments on insulin to $35 a month and she wants to make things easier for first-time home buyers with down payment support and tax incentives for Builders who work on starter homes one part of her plan that's raised concerns is a federal ban on price gaing on groceries a fact sheet from the campaign states that Harris would direct the Federal Trade Commission and other agencies to enforce new penalties against businesses that violates rules on hiking prices many Economist say price controls would be bad policy and they've questioned if the measures would even bring down the cost of food