Kamala Harris Unveils Economic Policy at Carnegie Mellon University

Kamala Harris Unveils Economic Policy at Carnegie Mellon University
by Finance Daily News
October 11th, 2024

Vice President Kamala Harris recently delivered a major economic policy speech at Carnegie Mellon University, outlining her vision for boosting small businesses, reducing taxes for the middle class, and increasing affordable housing options. Harris emphasized her support for public-private partnerships and investments in startups, aiming to foster economic growth and stability -- a key focus as the presidential race heats up.

A recent poll, cited by TIME, indicated that nearly 30% of likely voters seek more information about Harris before deciding on their support, underscoring the significance of this speech. Harris' campaign appears focused on presenting detailed policy proposals to define her candidacy and offer voters a distinct alternative.

Among her proposed economic measures are a $50,000 tax deduction for new small businesses, a $6,000 Child Tax Credit for families during a child's first year, and extending $35 insulin access to all Americans. She also plans to remove degree requirements for half a million federal jobs. These initiatives are part of her broader effort to enhance the Biden administration's infrastructure projects and invest in new manufacturing sectors. Housing is another priority, with Harris advocating for $25,000 in down-payment assistance for first-time buyers and the construction of 3 million affordable housing units during her term.

Harris' policy framework reflects continuity with the current administration's priorities, while also introducing new proposals aimed at addressing middle-class challenges, including healthcare access and housing affordability. Her campaign is positioning these policies as central to her platform in the upcoming election.

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