Headline Roundup • August 15th, 2024
Kamala Harris Proposes 'Corporate Price-Gouging' Ban on Groceries and Food
Summary from the AllSides News Team
Vice President Kamala Harris' campaign announced that Harris will propose the first ever "corporate price-gouging" ban, in an effort to address the high cost of food for Americans.
The Details: Harris is expected to formally announce the policy, along with a broader economic policy outline, in an economy-focused speech in Raleigh, North Carolina, on Friday.
Key Quote: “There’s a big difference between fair pricing in competitive markets, and excessive prices unrelated to the costs of doing business,” The Harris campaign said. Though the specifics of the policy were not revealed, the campaign said it would “set[ting] clear rules of the road to make clear that big corporations can’t unfairly exploit consumers to run up excessive corporate profits on food and groceries.”
How the Media Covered It: Breitbart (Right bias) compared Harris' policy to "Soviet-style" price controls. It also added context about Harris' lack of policy proposals and press conferences following her nomination. Outlets on the left and center posited the policy as a continuation of the Biden administration's emphasis on addressing corporate America's role in high consumer costs.
Featured Coverage of this Story
Vincent Alban | Reuters
Vice President Kamala Harris plans to propose the first-ever federal ban on “corporate price-gouging in the food and grocery industries,” her campaign announced late Wednesday.
“There’s a big difference between fair pricing in competitive markets, and excessive prices unrelated to the costs of doing business,” the Harris campaign said in a statement. “Americans can see that difference in their grocery bills.”
The proposed ban is part of a broader economic policy platform that the Democratic presidential nominee plans to unveil Friday at a campaign rally in battleground North Carolina.
Justin Sullivan/Getty Images
Vice President Kamala Harris’ campaign announced Wednesday that she will propose a federal ban on “corporate price-gouging in the food and grocery industries,” CNBC reported.
Harris is expected to make the announcement at an economy-focused speech on Friday in Raleigh, N.C. when she plans to outline her agenda targeting big companies maintaining high costs for consumer staples.
“There’s a big difference between fair pricing in competitive markets, and excessive prices unrelated to the costs of doing business,” the Harris campaign said in a statement. “Americans can see that difference in their grocery bills.”
Breitbart News
Soviet-style centrally administered price controls on food and grocery prices will form part of the federal economic proposals U.S. Vice President Kamala Harris will unveil Friday when she finally delivers an insight into her 2024 policies. Her address will mark the first time Harris offers a policy focused speech since she was anointed as the Democratic candidate in July and been roundly accused by critics since as being a policy-free zone, as Breitbart News reported. The Democratic nominee is promising to institute a first-ever national ban on price gouging and...
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