Harris to propose federal ban on 'corporate price-gouging' in food and groceries
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.
WASHINGTON — 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.
Harris will also pledge that if elected president, she will direct her administration to increase scrutiny of potential mergers between large supermarkets and food producers, “specifically for the risk that the proposed merger would raise grocery prices for consumers,” her campaign said.
This package of regulatory proposals is one of the Harris campaign’s earliest efforts to outline an economic platform that is independent of President Joe Biden’s agenda.
Rating: 5