In an upcoming announcement, Vice President Kamala Harris is set to unveil a new economic proposal that includes Soviet-style price controls on food and grocery items. This move is part of her broader 2024 policy agenda, aiming to regulate prices in industries deemed excessively centralized.
A key focus of Harris’s proposal is the meat industry. She plans to highlight the roles of processing middlemen, accusing them of being “particularly egregious” price fixers. According to reports, these entities have a history of illegally controlling prices, contributing to unfair market conditions.
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Despite the significant implications of her proposal, Harris has maintained a low profile over the past four weeks, refraining from holding press conferences or interviews. Her engagement with the media has been limited to answering a few shouted questions from the traveling press corps.
This development is sure to spark debate among Republicans, who typically advocate for less government intervention in markets. Stay tuned as more details emerge on how these proposed policies will impact consumers and businesses alike.
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Soviet-style centrally administered price controls on food and grocery prices will form part of the federal economic proposals U.S. Vice President Kamala Harris will unveil Friday when she finally delivers an insight into her 2024… pic.twitter.com/OxdGOHxcr6
— Craig Kelly (@CraigKellyPHON) August 15, 2024