“First House – Giving Money to Newborns,” Looks at Kamala Harris’ “Populist Policies”

The Washington Post reported that the Vice President Kamala Harris It has been revealed “The Populist Economic Agenda” Intense campaigning last Friday. This is the most detailed vision he has ever given of the priorities of the administration of the country. Since Harris won the Democratic presidential nomination,

Before Harris delivers her speech in North Carolina, her campaign team has announced support for more than a dozen economic policies aimed at achieving that. “Cutting Costs for American Families”This includes some policies that go beyond what President Joe Biden has promised.

“After several weeks and finally, Harris put together a policy package that made clear that Democrats are committed to advancing an agenda that supports middle-class families. The days of private companies running the country are over,” said Felicia Wong, president of the left-leaning Roosevelt Forward Foundation.

Among these populist policies there are many interesting topics such as:

• Forgive medical debtFor millions of Americans
• Do not overprice the product.In the food and basic materials group
• adjust the ceilingControlling drug pricesDoctor prescribes it
• Support and assistance with purchaseThe first house $25,000 (about 860,000 baht)
• Tax deduction $6,000 (about 207,000 baht) for families with newborns in the first year

Medical Debt Relief – Not Reporting to Credit Bureaus

Earlier in June, Harris announced a campaign to stop reporting medical debt on personal credit bureau reports. This will make it easier for millions of Americans to maintain their personal financial credibility when applying for auto loans, home loans, and small business loans.

“No one should be denied access to financial opportunity simply because they have a medical emergency and are in debt,” Harris said in a campaign speech at the time.

Recently, Harris took things a step further, offering to work with states to forgive the medical debts of millions of Americans. They could use money from the federal government to buy off or forgive debts owed by various medical facilities.

Do not overcharge for food and basic products.

This policy has been promoted in the American media as a “first-ever” policy that is unprecedented in a liberal economy like the United States. The government will prevent private companies from raising the prices of products.

However, Harris's campaign team was quick to stress that the goal is not to ban price increases. Rather, the goal is to prevent price gouging, which is unfair to consumers.

“There are big differences between setting a fair price in a competitive market and setting exorbitant prices that don’t match the cost of doing business,” the campaign team said. “Americans can see that difference in their bills.”

Tax deduction for families with newborns

Harris is proposing a tax credit of up to $6,000 for families with newborns in their first year. It aims to reduce daily expenses for middle- and low-income families. It is aimed at attracting key voters who are seen as key to winning the US presidential election on November 5.

Meanwhile, Harris also called for the reinstatement of President Joe Biden's American Rescue Plan, which expired in 2021. It included a $3,600 tax credit for families with children under five and $3,000 for older children.

The “first home” policy has arrived.

Indeed, under Biden-Harris, there are measures like this coming out. The government will subsidize down payments of up to $25,000 for homebuyers whose families have never owned a home since their parents’ generation. First-generation homebuyers (first-generation homebuyers) and first-generation homebuyers with no family ties will receive a tax credit of up to $10,000. The measure is intended to help nearly 400,000 Americans.

But Harris’s new policy makes that process easier and helps more people than ever before. Harris proposed a plan to subsidize down payments of up to $25,000 for first-time homebuyers. Those eligible for assistance must have “no history of debt” by renting their home for two years, while first-generation homebuyers would get more help. But no further details are available.

Harris' White House policy expansion is expected to help more than 4 million Americans over her four years in office.