Kamala Harris blatantly dodges the answer when asked how she’ll pay for some of the few policies she’s revealed
Kamala Harris claims that her economic policies will eventually pay for themselves, if you look at the long-term return on investment.
The vice president gave a confused answer when asked how she would fund the agenda presented Friday in North Carolina.
Harris announced $6,000 payments for newborns, expanded child benefits, a $25,000 down payment for some first-time home buyers, medical debt forgiveness and other measures for her first 100 days in office.
According to the Committee for Responsible Federal Fiscal Policy, the budget deficit would fall by $1.7 trillion.
According to the Harris campaign, any additional costs on top of the 2025 Biden-Harris budget would be offset by higher taxes on corporations and high-income earners.
Vice President Kamala Harris gave the muddled and convoluted answer when asked how she would pay for her economic policies during a news conference in Moon Township, Pennsylvania
But when asked about it, Harris went on for a full minute about the future tax revenues that would hypothetically be generated by a healthier, better educated population.
“The return on investment in terms of what it will do and what it will deliver will be tremendous,” she said Sunday at a news conference in Moon Township, Pennsylvania.
“We saw it when we did it in the first year of our administration: we reduced child poverty by more than 50 percent. That’s a big part of the work.”
Harris said the expanded tax breaks would also provide a “great return on investment,” without explaining how, but then looked further.
“If we increase the number of homeowners in America, that means an increase in property taxes, that means an increase in school funding. And that’s not even talking about the return on investment,” she continued.
Harris appeared to suggest that it was a “mistake” to think only about short-term spending and not the long-term effects, but was unclear in her answer.
“I think it’s a mistake if anyone talking about government policy doesn’t look critically at the way return on investment is measured,” she said.
The vice president argued that strengthening community economies and “investing in a broad economy” would yield long-term benefits.
“Everyone benefits and it pays for itself,” she concluded.
Harris spoke for a full minute about the future tax revenues that would hypothetically be generated by a healthier, better educated population
The press had only about three minutes to talk to Harris after she stepped off the campaign bus with her running mate Tim Walz and continued with a question about the latest polls
The press had just three minutes to talk to Harris after she stepped off the campaign bus with her running mate, Minnesota Gov. Tim Walz, and asked a question about the latest polls.
Harris and her entourage then headed to the Primanti Bros Restaurant and Bar to meet with voters, listen to their concerns and ask for their support.
The press has barely had time to question the vice president about her plans and vision for the country since she succeeded President Joe Biden as the Democratic nominee on July 21.
Harris claimed during her speech on Friday that her proposals would provide relief to millions of families while reducing the federal budget deficit. However, she did not go into specifics about how it would be paid for.
“Think about what that means, that it’s a very important year in a child’s critical development,” Harris said of the new tax credit for children in their first year of life.
Two girls hold a tablet that reads “Harris” as U.S. Vice President and Democratic presidential candidate Kamala Harris stops at Primanti Bros Restaurant and Bar in Moon Township, Pennsylvania during a bus campaign tour
Harris and her entourage then headed inside Primanti Bros Restaurant and Bar to meet with voters, hear their concerns and ask for their support
On housing, the vice president called for three million new homes in her first four years in office, one million more than under President Biden.
She also wants to encourage companies to build starter homes and is urging Congress to pass laws that would ban large corporations from buying up homes and raising rents.
Harris also called for a $25,000 down payment for first-time homebuyers, an expansion of a proposal under the Biden administration to provide assistance to first-generation homebuyers.
On prescription drug prices, the vice president called for raising the maximum co-pay for prescription drugs to $2,000, not just for seniors, but for everyone.
She also called for expediting negotiations on prescription drug prices within Medicare and greater transparency in the industry.
Harris steps off the bus during her tour of the crucial swing state of Pennsylvania
Democratic presidential candidate, U.S. Vice President Kamala Harris, speaks with a young girl at Primanati Bros Restaurant in Moon Township, Pennsylvania
Earlier this week, the Vice President’s campaign unveiled Harris’ plan for a federal ban on loan sharking.
It is a controversial policy that has been criticized by some economists, who warned that such policies would not reduce food costs.
Economist Jason Furman, who served in the Obama administration, told the Washington Post that this could lead to “bigger shortages, less supply and ultimately higher prices and worse outcomes for consumers” if it is actually enforced.
During her remarks, Harris said food prices remain too high. She argued that as president she would “go after the bad guys” and claimed that competition is “the lifeblood of our economy.”
Friday’s speech marked the first time the vice president laid out her own governing priorities and distinguished herself from the president since Biden withdrew from the presidential race.
A small group of Donald Trump supporters are holding a mini-rally across the street from the Harris event on Sunday