POLITICO Playbook Daily Briefing
August 16, 2024: ‘Kamalanomics’ makes its debut
Aug 16, 2024
Kamala Harris, a prominent political figure, reveals a series of economic policies aimed at tackling the soaring cost of living. She discusses strategies for improving housing affordability, addressing rising rents, and increasing housing supply. Joined by economics correspondent Victoria Guida, they dive into the debate over housing regulations and price gouging solutions. The duo also navigates the complexities of government price controls and potential legislative responses, highlighting the implications for voters amid the 2024 election.
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Quick takeaways
- Kamala Harris aims to tackle rising living costs by proposing economic policies focused on housing affordability and food pricing strategies.
- Harris's approach includes incentivizing builders to increase housing supply while addressing price gouging through FTC empowerment amid potential political backlash.
Deep dives
Kamala Harris's Policy Focus
Kamala Harris is expected to highlight her economic policy agenda while differentiating herself from President Biden in her upcoming speech. The emphasis will likely be on specific areas such as housing affordability, which has become a pressing issue with rents rising by approximately 20% since Biden took office. Harris plans to propose incentives for builders to increase housing supply and assist first-time home buyers as solutions to address the housing crisis. This approach aligns with broader Democratic goals to reduce zoning regulations to facilitate development.
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