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Harris to release new economic plans on wealth creation: Sources

The Straits Times

|

September 24, 2024

Democrats debate merits of announcing more such policies so close to election day

Harris to release new economic plans on wealth creation: Sources

US Vice-President Kamala Harris plans to roll out a new set of economic policies this week that aims to help Americans build wealth and set economic incentives for businesses to aid that goal, three sources with knowledge of the matter said.

Ms Harris, speaking to reporters on Sept 22 after Reuters reported the expected roll-out, said she would outline her vision for the economy in a speech this week.

The new policies have not been previously reported and could be announced in Pittsburgh on Sept 25, the sources said.

Undecided voters continue to ask for more information about how Ms Harris would help them economically if she were elected president in November, including those in critical swing states.

The roll-out would follow a heated debate in Democratic circles over whether releasing more economic policies so close to election day is a smart strategy.

“It's not just about affordability, it's also about showing (voters) they have a path to building wealth,” said one of the sources with direct knowledge of Ms Harris' economic plans, adding that she wanted to show Americans how they can “get a foot in the door”.

None of the sources would provide specific details on the expected new policies, and the Harris campaign would not comment on any new proposals. However, Ms Harris' 2020 presidential run and President Joe Biden's administration included plans with similar goals.

In her 2020 campaign, Ms Harris proposed significant pay hikes for the millions of public school teachers, forcing companies to disclose their pay gap between men and women and penalising those who are not narrowing it.

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