Harris presents a vision for an ‘opportunity economy’ that focuses on reducing expenses related to housing and family needs.

On August 16, 2024, U.S. Vice President and Democratic presidential candidate Kamala Harris addressed an audience at the Hendrick Center for Automotive Excellence in Raleigh, North Carolina. During her speech, Harris outlined an economic plan aimed at middle-class voters, focusing on reducing the costs of essential needs such as food, housing, healthcare, and childcare. She introduced the concept of an “opportunity economy,” emphasizing financial security for all.

Harris proposed several measures, including a federal ban on price gouging for groceries, a $6,000 child tax credit for families with newborns, and $25,000 in down-payment assistance for first-time homebuyers. She contrasted her policies with those of her opponent, former President Donald Trump, criticizing his support for tariffs and tax cuts for the wealthy.

While Harris’ proposals have faced criticism for potentially leading to government price controls, she defended her approach by highlighting the need to protect consumers from corporate exploitation. Her plan also includes building 3 million new housing units and providing tax incentives for constructing affordable homes. Additionally, she aims to expand the Biden administration’s $35 insulin price cap to all Americans and crack down on anti-competitive practices in the pharmaceutical industry.

Harris’ economic vision builds on the Biden administration’s achievements while addressing areas where Biden received low marks. Her campaign has drawn on expertise from former Biden White House officials. With less than 90 days until the election, Harris is working to solidify her economic platform and distinguish herself from Trump.

Recent polls indicate a tight race in North Carolina, a state Trump won in the previous two elections. Harris’ speech in Raleigh marks a significant step in her campaign, as she seeks to gain an edge in this crucial battleground state.