No matter how hard Kamala Harris tries, and no matter how hard the establishment media tries to help her hide it, there’s no getting around inflation as THE economic issue in the campaign.
Americans remain unhappy that average prices are much higher than they were just a few years ago when Donald Trump was President. Grocery prices are up 21% since Biden and Harris took office. Average apartment rents have climbed about 23%, to $1,411 a month, according to Apartment List. Altogether the cumulative jump in average prices over the past three years — roughly 20%, only partly offset by higher paychecks — has created a general unease about the country’s direction.
How does the Harris campaign plan to deal with this economic anvil around her neck?
By promising “equal outcomes for all.”
Regular readers of CHQ will recall our article from last week “The Communist History of Kamala Harris” in which we documented then-Senator Kamala Harris moving to the Left of Socialist Senator Bernie Sanders by correcting his statement “Equal opportunity, not outcomes,” to claim “We need equal outcomes for all,” which is the fundamental premise of Communism.
As with Democrats in general, and Kamala Harris in particular, how these “equal outcomes” will be achieved is hidden, because it will inevitably mean confiscation of property, enforced racial preferences and other authoritarian measures.
Despite the obfuscation of her real plans, we’ve managed to ferret out the high points of Kamalanomics and it should scare everyone who prefers life, liberty and the pursuit of happiness over authoritarian control of every aspect of life and commerce.
The short version of Kamala-nomics is that it is all benefit based – the government through direct payments and tax credits will attempt to equalize outcomes for all.
As a senator and 2020 presidential candidate, Harris proposed providing middle-class and working families with a refundable tax credit of up to $6,000 a year (per couple) to help keep up with living expenses. Titled the LIFT the Middle Class Act, or Livable Incomes for Families Today, the measure would have cost at the time an estimated $3 trillion over 10 years.
Unlike a typical tax credit, the bill would allow taxpayers to receive the benefit – up to $500 – on a monthly basis, like an extra paycheck from the government.
As a presidential candidate, Harris also advocated for raising the corporate income tax rate to 35%, where it was before the 2017 Tax Cuts and Jobs Act that Trump and congressional Republicans pushed through Congress reduced the rate to 21%. That’s higher than the 28% Biden has proposed.
Affordable housing was also on Harris’ radar. As a senator, she introduced the Rent Relief Act, which would establish a refundable tax credit for renters who annually spend more than 30% of their gross income on rent and utilities. The amount of the credit would range from 25% to 100% of the excess rent, depending on the renter’s income.
Harris called housing a human right and said in a 2019 news release on the bill that every American deserves to have basic security and dignity in a presumably government-provided home.
As vice president, Harris has promoted the Biden administration’s initiatives on student debt, which have so far forgiven more than $168 billion for nearly 4.8 million borrowers. In mid-July, Harris said in a post on X that “nearly 950,000 public servants have benefitted” from student debt forgiveness, compared with only 7,000 when Biden was inaugurated.
A potential Harris administration could keep that tax money giveaway going – even as the Supreme Court has found much of the Democrat vote buying scheme to be unconstitutional.
In a late July statement praising North Carolina’s move to relieve the medical debt of about 2 million residents, Harris said that she is “committed to continuing to relieve the burden of medical debt and creating a future where every person has the opportunity to build wealth and thrive.” How the medical debts will be paid or if they will simply be “erased” through government fiat – in essence confiscating the property of medical service providers – has never been explained by Harris or the Democrats.
In another confiscatory plan Harris previously proposed allowing the federal government to set “a fair price” for any drug sold at a cheaper price in any economically comparable country, including Canada, the United Kingdom, France, Japan or Australia. If manufacturers were found to be price gouging, the government could import their drugs from abroad or use its existing but never-used “march-in” authority to license a drug company’s patent to a rival that would produce the medication at a lower cost.
And this benefit-based economic agenda permeates every aspect of Kamalanomics, even manufacturing.
In Pennsylvania the first major slug of Biden-Harris Electric Vehicle factory funding for the region was announced just a few weeks ago, when the administration gave Volvo more than $200m to expand production at facilities including a truck plant. And another big project—$40m for a new logistics and cargo hub at the Lehigh airport —was approved at the start of this year.
What are the real Kamala Harris economic policies, aside from vote-buying through new government benefits and picking corporate winners and losers through the granting of government largess?
Harris said on CNN when she was running for President that she favored banning plastic straws, offshore oil drilling and the use of fracking for oil and natural gas, student loan “forgiveness” and green energy preferences – and those are just a few of the destructive economic policies Harris promoted.
Has she disavowed those Far-Left policies because they were wrong and would burden (or wreck) the economy?
No, she’s merely stepped back from the timing on most of them, it’s an election year and hiding the handouts, preferences and outright thefts required to implement their policies is the only way Kamala Harris and the Democrats can win.
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"What are the real Kamala Harris economic policies?"
If you want the fully detailed version you can find it in Das Kapital and The Communist Manifesto. The condensed version is simply called Communism.
No, no, no...NOT Kamalanomics...Kommielanomics. It the same as the envy "economics" that Marx would have practiced if he weren't a pathetic lose...or the 'economics" the murderous totalitarian Stalin did practice that eventually led to the fall of the Berlin wall, but only after the death of 9 million due to mass murder, forced labor, and famine. ( The figure may be as high of 60 million.) So sure, let's elect Kommiela...