Price fluctuations are normal in free markets, but Vice President Harris recognizes there is a big difference between fair pricing and the excessive prices unrelated to the costs of doing business that Americans have seen in the food and grocery industry.
A key component of her plan was a 'first-ever federal ban' on price gouging for groceries and food. Price gouging, in which companies and corporations raise prices on goods to excessive levels, is something President Joe Biden and many Democratic lawmakers have criticized.
Harris plans to implement this ban in her first 100 days in office and will direct the FTC to penalize companies that do not comply with it.
Harris is also set to announce plans to push for restoring the child tax credit and give parents $6,000 for their child's first year of life, along with other efforts to lower housing and drug costs.
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