Kamala Harris has within a week fired off a series of economic proposals designed to win her the US election — but now risks a backlash from economists and business groups.
The plans reflect the Democratic presidential candidate’s bid to fashion her own brand of economic populism in time for November’s election — borrowing much from President Joe Biden’s agenda, but with distinctive features to wield against Donald Trump.
Harris’s economic ideas include increasing the corporate tax rate to 28 per cent from 21 per cent, a federal ban on price-gouging in the food sector, a major effort to boost housing supply and more tax breaks for families with children and first-time homebuyers.
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