Kamala Harris's Economic Agenda: Tackling Grocery Prices and Corporate 'Price Gouging'

Vice President Kamala Harris plans to address the issue of high grocery prices by proposing a federal ban on 'price gouging' by corporations. She will also criticize the merger between Kroger and Albertsons and highlight her past fights with corporations.

Harris seeks to grant powers to the Federal Trade Commission and state attorneys generals to enforce price rules. In addition, she supports expanding the child tax credit and implementing higher taxes on corporations and the wealthy, in line with President Biden's proposals.

She also supports former President Trump's tipped wage tax idea. Harris's economic agenda will be unveiled at the Democratic National Convention.

Economists differ on the causes of high grocery prices, with some pointing to supply chain issues and increased demand from stimulus rather than corporate actions. Wall Street executives are eager to learn more about Harris's stance on taxes, regulation, and market rules.

The event also showcased Biden and Harris's unity and economic policies, with a focus on lowering drug costs and addressing the concerns of middle-class voters.