CORE VALUES

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FOOD

• Will pass the first federal band on price gouging of food

• Supports small food companies to get ahead

HOUSING

• Will eliminate state and local Red Tape that makes building harder

• By the end of her first term, she will building 3 million new homes and rentals

• She’ll fight for laws prohibiting Corporate Landlords from artificially inflate high rental prices

• Harris supports a new tax credit of up to $15,000 to help first-time homebuyers

REDUCE TAXES

• 100 million Americans will get a tax cut. Harris wants to restoring and expanding two tax cuts designed to help Working Class Americans. They are The Earned Income Tax Credit and the Child Tax Credit

CRACK DOWN ON TAXES LOOPHOLES

• The Harris Administration will crack down on overseas tax havens and close loopholes that are exploited by the wealthiest Americans and biggest corporations

MINIMUM WAGE

• Harris is in support of raising the minimum wage

STRONG UNIONS

• A new economic contract that raises wages and restores workers’ rights to organize, join a union, and collectively bargain

AFFORDABLE CHILD CARE

• Provide access to affordable, high-quality child care on a sliding scale by boosting funding for grants to states to help low-income and middle-class families afford child care

INVEST IN AMERICAN INFRASTRUCTURE

• All federally supported infrastructure projects, financed through grants, loans, tax incentives, or a national infrastructure bank, should create good, union jobs that expand the middle class

PRIVATE-SECTOR INVESTMENT, ESPECIALLY FOR SMALL BUSINESS

• We’ll boost funding for state small business grant and lending initiatives that generate private-sector investments, especially for small businesses owned by women and people of color

SPARK A REVOLUTION IN AGRICULTURES

• Harris will partner with America’s farmers, ranchers, and foresters to make the U.S. agriculture sector the first in the world to achieve net-zero emissions, and open up new revenue streams in energy and waste products

• We will make it easier for new and beginning farmers, aquaculture farmers, ranchers, and foresters, including returning veterans, to start and grow their operations by expanding U.S. Department of Agriculture (USDA) ownership and operating loan programs

BOLD INVESTMENTS IN SCIENCE AND TECHNOLOGY

• She supports public investments in technology and scientific innovation that help create a stronger economy for all Americans

INVESTMENTS MORE IN POOR COMMUNITIES

• Harris will support the 10-20-30 funding approach, to direct at least 10 percent of federal funding to communities where 20 percent or more of the population has been living below the poverty line for 30 years or longer

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Harris plans would add $1.7 trillion to national debt

4.4% above its current trajectory by 2034

SOURCE: Penn Wharton Budget Model

https://budgetmodel.wharton.upenn.edu/

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HARRIS PLAN “Opportunity Economy”

GENERAL:

– Alway seek to eliminate needless bureaucracy and red Tape.

– Encourage technology and bring business and labor together to build a better economy.

– A salary should be enough to raise a family and retire with dignity.

– Build up the Middle Class because when the Middle Class is strong, the economy is strong.

FOOD

As an Attorney General in California, she went after companies that illegally increase prices, including wholesaler, who inflated the price of prescription medications and companies who conspired with other competitors to keep the price of electronics high. She won more than 1 billion dollars for consumers. So, she will go after bad actors.

Harris will work to pass the first ever federal band on price gouging of food. Her plan will include new penalties for opportunistic companies who exploit a crisis and break the rules. He administration will support small food companies that are playing by the rules to get ahead. Harris will help the food industry become more competitive. Competition has been the life blood of our economy.

HOUSING

During the foreclosure crisis Harris took on big banks for predatory lending and won 20 billion for California families as Attorney General. She know-how to fight for people who are being exploited in the housing market.

She will work in partnership with industry to build the housing needed to both rent and buy. She’ll take down barriers  and Red Tape in both state and local levels and by the end of her first term in office she will end the housing crisis by building 3 million new homes and rentals that are affordable for the Middle Class and make sure those homes actually go to those families, not just investors. Some corporate landlords buy dozens and hundreds of houses and apartments then rent them for extremely high prices making it impossible for regular people to buy or rent a home. Some corporate landlords work with each other to artificially inflate high rental prices. They drive up costs and is anti-competitive. Harris will fight for laws to crack down on these practices.

The price of down payments to buy a house have gone up. Her administration will give first time home buyers $25,000 to help with the down payment.

GAS PRICES

Harris has not disclosed any policy for lowering the price of gas. The price of oil is determined by OPEC and other global oil producers of which American oil companies are only part of this group.

REDUCE TAXES

Under the Harris Plan 100 million Americans will get a tax cut. How she will do this is by restoring and expanding two tax cuts designed to help Working Class and Middle Class Americans. They are The Earned Income Tax Credit and the Child Tax Credit.  Harris would provide $6,000 for newborns in their first year of life, resulting in a CTC that provides $6,000 for children under one year old, $3,600 for children two through five, and $3,000 for children six and older. Doing to will increase American’s incomes.

In a speech at a Las Vegas Rally Harris said that she supported eliminate taxes on tips for service and hospitality workers

INCREASE TAXES ON LARGE CORPORATIONS

Harris has proposed a higher corporate tax of 28% and taxing the ultra rich. One of these ultra rich individuals, Warren Buffett has famously stated that he pays a lower tax rate than his secretary.

MINIMUM WAGE

Harris is in support of raising the minimum wage to $15 per hour.

HARRIS ENDORSES THE 2024 DEMOCRATIC PLATFORM – See Below

NOTE:

Like Biden, Harris supports increasing taxes on the ultra wealthy, but as a senator, she also introduced legislation that would have given a tax credit of up to $6,000 for low- and middle-income households.

She emphasized that tax credit during her previous presidential campaign, including it in a tax policy platform that also included credits for renters and parents and new taxes on stock and bond trades, fossil fuel companies and pharmaceutical companies.

Some policy experts who have worked closely with her office also expect her to emphasize her commitment to improving “the care economy” through federal investments to improve child care, elder care and home care for people with disabilities.

NOTE: Harris did not share how her administration would pay for this additional spending, However the Biden/Harris administration has tried to procure money for their programs by taxing huge corporation and the ultra wealthy.

SOURCES

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NOTE: INFORMATION CONTAINED IN THIS WEBSITE COMES EXCLUSIVELY  FROM THE POLITICIANS THEMSELVES,  BUT MAY INCLUDES CLAIMS FROM THE CANDIDATES THAT ARE NOT COMPLETELY ACCURATE.

1 Source: FOX 4: https://www.youtube.com/watch?v=nXklndTXKGE

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2 Vice President Kamala Harris shares her economic plan: North Carolina Rally Speech on August 16, 2024.

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3 Source: Speech Aug. 10 Las Vegas Rally

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4 Sources: CNN Aug 4,2024

https://www.cnn.com/interactive/2024/08/politics/kamala-harris-key-issues-dg/

US Dept. of Education website -July18, 2024:

https://www.ed.gov/news/press-releases/biden-harris-administration-approves-additional-12-billion-student-debt-relief-35000-public-service-workers

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5 Source: NBC News

https://www.nbcnews.com/politics/2024-election/harris-proposes-raising-corporate-tax-rate-28-rolling-back-trump-law-rcna167208

SOURCE: Democratic Platform Website

BUILDING A STRONGER, FAIRER ECONOMY

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2024 DEMOCRATIC PLATFORM  POSITION: Economy

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RAISE WAGES AND PROMOTE WORKERS RIGHTS TO UNIONIZE

INVESTMENTS IN QUALITY, AFFORDABLE CHILD CARE

INVEST IN RESILIENT, SUSTAINABLE, AND INCLUSIVE INFRASTRUCTURE. CLEAN ENERGY. CLEAN TRANSPORTATION, ENERGY EFFICIENT, AND ADVANCED MANUFACTURING

EXPAND TAX CREDITS THAT GROW DOMESTIC AND RURAL MANUFACTURING JOBS

BOOST STATE SMALL BUSINESS GRANTS AND LENDING INITIATIVES THAT GENERATE BILLIONS OF PRIVATE-SECTOR INVESTMENT, ESPECIALLY FOR SMALL BUSINESSES OWNED BY WOMEN AND PEOPLE OF COLOR

SPARK A REVOLUTION IN AGRICULTURE BY OPENING UP REVENUE STREAMS FOR FARMERS AND RANCHERS IN ENERGY AND WASTE PRODUCTS

SUPPORT HISTORIC FEDERAL INVESTMENTS IN SCIENCE AND TECHNOLOGY

BUILD A FAIR SYSTEM OF INTERNATIONAL TRADE FOR OUR WORKERS

PUT HOMEOWNERSHIP IN REACH AND GUARANTEEING SAFE HOUSING FOR EVERY AMERICAN

REFORM THE TAX CODE TO BE MORE EQUITABLE

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HOW THE DEMOCRATS WILL DO IT.

NOTE: INFORMATION CONTAINED IN THIS WEBSITE COMES EXCLUSIVELY  FROM THE OFFICIAL DEMOCRATIC WEBSITE WHICH MAY INCLUDES CLAIMS THAT ARE NOT COMPLETELY ACCURATE.

GENERAL

Democrats commit to forging a new social and economic contract with the American people—a contract that invests in the people and promotes shared prosperity, not one that benefits only big corporations and the wealthiest few. One that affirms housing is a right and not a privilege, and which makes a commitment that no one will be homeless or go hungry in the richest country on earth. A new economic contract that raises wages and restores workers’ rights to organize, join a union, and collectively bargain. One that at last supports working families and the middle class by securing equal pay for women and paid family leave for all. A new economic contract that provides access for all to reliable and affordable banking and financial services. A new social and economic contract that at last grapples honestly with America’s long and ongoing history of racism and disenfranchisement, of segregation and discrimination, and invests instead in building equity and mobility for the people of color who have been left out and left behind for generations.

Raising Wages

Democrats will fight to raise wages for working people and improve job quality and security, including by raising the federal minimum wage so it reaches $15 an hour by 2026.

We Support Strong Unions

We know that strong American labor unions help increase wages and job standards for workers across the economy, which is why Democrats will prioritize passing the PRO Act and restoring workers’ rights, including the right to launch secondary boycotts. We will repeal so-called “right to work” laws that undermine worker power and lead to lower wages and less protection for workers across the economy, and ensure those who have been left without wage and hour protections for decades—including domestic workers and farmworkers—have the same rights as other workers.

We know that strong American labor unions help increase wages and job standards for workers across the economy, which is why Democrats will prioritize passing the PRO Act and restoring workers’ rights, including the right to launch secondary boycotts. We will repeal so-called “right to work” laws that undermine worker power and lead to lower wages and less protection for workers across the economy, and ensure those who have been left without wage and hour protections for decades—including domestic workers and farmworkers—have the same rights as other workers.

Affordable Child Care,

Finding and paying for high-quality child care is an emotional, logistical, and financial tightrope for too many parents, and that needs to change. Working parents shouldn’t have to choose between keeping their kids safe and earning a paycheck. Democrats will make major investments in quality, affordable child care, including by significantly increasing the Child and Dependent Care Tax Credit and providing access to affordable, high-quality child care on a sliding scale by boosting funding for grants to states to help low-income and middle-class families afford child care.

Investing in infrastructure That Create Jobs,

We believe that the world’s richest nation should have the world’s best infrastructure system. We will repair, modernize, and expand our highways, roads, bridges, and airports, including by installing 500,000 public charging stations for electric vehicles. We will launch our country’s second great railroad revolution by investing in high-speed rail and passenger and freight rail systems, and commit to public transportation as a public good, including ensuring transit jobs are good jobs.

We’ll upgrade our nation’s ports, lock and dam systems, and freight infrastructure to accommodate 21st century cargo, reduce air and water pollution, and create and maintain high-quality, good-paying jobs.

All federally supported infrastructure projects, whether existing or newly developed, financed through grants, loans, tax incentives, or a national infrastructure bank, should create good, union jobs that expand the middle class. That is why Democrats will ensure labor protections, Davis-Bacon wage standards, project labor agreements, collective bargaining neutrality, and domestic sourcing requirements are included in any infrastructure legislation, and will block anti-worker provisions, including forced arbitration.

We’ll expand support for American manufacturing.

We will end policies that incentivize offshoring, and instead accelerate onshoring of critical supply chains, including in medical supplies and pharmaceuticals. We will expand effective tax credits that support domestic manufacturing and grow rural manufacturing jobs through investments in bio-based manufacturing

Lending Initiatives and Private-Sector Investment, Especially for Small Businesses Owned by Women and People of Color

Democrats know that small businesses are among the best job creators in our country. We will significantly boost funding for state small business grant and lending initiatives that generate tens of billions of dollars of private-sector

Spark a Revolution in Agriculture

Democrats will partner with America’s farmers, ranchers, and foresters to make the U.S. agriculture sector the first in the world to achieve net-zero emissions, which will spark a revolution in agriculture and open up new revenue streams for farmers in energy and waste products, and grow bio-based manufacturing jobs. We will grow the nation’s biofuels manufacturing sector.

Investments in Science and Technology

Democrats will support historic federal investments in research, development, demonstration, and deployment, which will break new frontiers of science and create jobs across the country in aerospace, artificial intelligence, advanced materials, biotechnology, and clean energy and clean vehicles. Democrats support public investments in technology and innovation that help create a stronger economy for all Americans. We will support women innovators and innovators of color, encourage diversity in technology, and promote business models that reinvest in low-income communities and communities of color.

Fair Trade for Our Workers

Too many corporations have rushed to outsource jobs, and too many countries have broken their promises to be honest and transparent partners.

We will negotiate strong and enforceable standards for labor, human rights, and the environment in the core text of our trade deals. Future trade agreements should build on the pro-labor provisions added to the United States-Mexico-Canada Agreement (USMCA) by Democratic members of Congress.

Democrats will take aggressive action against China or any other country that tries to undercut American manufacturing by manipulating their currencies and maintaining a misaligned exchange rate with the dollar, dumping products like steel and aluminum in our markets, or providing unfair subsidies.

If companies shut down their operations here and outsource jobs, we’ll claw back any public investments or benefits they received from taxpayers.

Safe, Affordable Housing for Every American

No one should have to spend more than 30 percent of their income on housing, so families have ample resources left to meet their other needs and save for retirement.

We will create a new tax credit of up to $15,000 to help first-time homebuyers, and will make the tax credit refundable and advanceable, so buyers can get assistance at the time of purchase, instead of having to wait until they file their taxes.

Democrats will supercharge investment in the Housing Trust Fund to greatly expand the number of affordable, accessible housing units on the market. We will expand the Low-Income Housing Tax Credit to incentivize private-sector construction of affordable housing, and make sure urban, suburban, and rural areas all benefit.

Democrats are committed to ending homelessness in America. We commit to providing Section 8 housing support for every eligible family, and will enact protections to keep landlords from discriminating against voucher recipients. We will increase investments in public housing to expand availability for the first time since the 1990s, and improve and upgrade existing public housing to ensure safe living conditions for residents.  We’ll enact a new Homeowner and Renter Bill of Rights to protect families from abusive lenders and landlords.

Reform the Tax Code

We will crack down on overseas tax havens and close loopholes that are exploited by the wealthiest Americans and biggest corporations. We will make sure the wealthy pay their fair share in taxes. We will make sure investors pay the same tax rates as workers.

Democrats will reform the tax code to be more progressive and equitable, and reduce barriers for working families to benefit from targeted tax breaks, including the Earned Income Tax Credit and the Child Tax Credit. Our program of reform will provide immediate, marked relief for working families, including more generous, refundable tax credits to benefit low- and middle-income families, and easier and more equitable access to tax provisions that help working families build wealth, including by equalizing tax benefits for retirement contributions and providing more accessible tax breaks for homeownership.

NOTE: To learn more and see the complete Democratic Platform, go to: https://democrats.org/where-we-stand/party-platform/building-a-stronger-fairer-economy

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SOURCE: https://democrats.org/where-we-stand/party-platform/building-a-stronger-fairer-economy/