MSNBC’s Katy Tur and Luke Russert on the Harris Inflation Speech
Aug 19, 2024
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Katy Tur, an NBC News correspondent and host of her own show, joins Luke Russert, host of MSNBC Live and author, to analyze the current political landscape ahead of the Democratic National Convention. They dive into Vice President Harris's recent speech, addressing inflation and economic struggles facing American families. The duo discusses the issues of homeowners insurance linked to climate change and debates around price control proposals. They also explore Harris’s Child Tax Credit proposal, highlighting its potential impact on families amid rising living costs.
Vice President Harris emphasizes addressing affordability and inflation by targeting price gouging and corporate profit maximization in grocery chains.
Harris also focuses on combating the housing crisis by challenging corporate landlords' practices and advocating for expanded housing availability and affordability.
Deep dives
Vice President Harris on Affordability and Inflation
Vice President Harris emphasizes her commitment to addressing affordability and inflation issues in America. During a recent speech, she highlighted that while supply chains have improved post-pandemic, grocery prices remain significantly elevated, with items like bread and ground beef costing nearly 50% more than before. This acknowledgment of ongoing economic pain stands in contrast to the previous administration's focus on crediting recovery efforts, targeting her messaging directly towards the everyday struggles of American households. Harris aims to tackle price gouging and corporate profit maximization, promising to hold grocery chains accountable while working towards restoring a fairer economic balance for consumers.
Housing Crisis and Corporate Influence
Harris addresses the housing crisis, focusing on the impact of corporate landlords who utilize algorithms to inflate rental prices across the nation. She has committed to fighting against these anti-competitive practices, which contribute significantly to the rising costs of renting and buying homes. The discussion highlights a broader concern, as many individuals, including essential workers, are priced out of urban areas due to these practices. Furthermore, Harris discusses plans to cut through zoning and building regulations that often hinder new housing developments, showcasing her strategy to enhance availability and affordability in the struggling housing market.
Expanding the Child Tax Credit
A significant part of Harris's affordability plan includes expanding the child tax credit, which was temporarily increased during the pandemic. She proposes providing $6,000 in tax relief for families during a child's first year, aiming to alleviate financial burdens related to child-rearing. This initiative is crucial as it directly connects to decreasing child poverty rates and offers much-needed economic support for families. The discussion reflects a broader push within the Democratic party to champion such measures, though it also raises questions about the commitment of some Republican lawmakers in supporting this expansion.
Ahead of the Democratic National Convention, which begins this evening, two MSNBC journalists share their analysis of the current state of the race.
On Today's Show: Luke Russert, host and creative director of MSNBC Live and author of the memoir Look For Me There: Grieving My Father, Finding Myself (Harper Horizon, 2023), and Katy Tur, host of MSNBC's Katy Tur Reports and NBC News correspondent and author of books including Rough Draft (Atria/One Signal Publishers, 2023), talk about the latest national political news, as the Democratic National Convention is about to kick off in Chicago
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