As Kamala Harris prepares to challenge Donald Trump in the upcoming presidential race, she must articulate her vision for addressing pressing economic concerns, including the recent steep rise in prices. While Harris has been a loyal advocate of President Joe Biden’s platform, she has previously championed more progressive positions and must now decide whether to return to those roots.
Health Insurance Coverage
Harris has historically supported a government-backed health insurance system but stopped short of eliminating private insurance. During her 2020 campaign, she proposed transitioning to a Medicare-for-All-type system over ten years while allowing private insurers to offer Medicare plans. Unlike Bernie Sanders’ plan, which she co-sponsored, Harris’ proposal did not involve raising middle-class taxes, opting instead to tax Wall Street trades and offshore corporate income.
Under the Biden administration, health insurance access expanded through temporary increases in Affordable Care Act subsidies, reducing the uninsured rate to record lows. These subsidies are set to expire at the end of 2025, presenting a challenge for the next administration.
Abortion Rights
Harris has been a leading advocate for abortion rights, especially after the overturning of Roe v. Wade. She initiated a “reproductive freedoms tour” to multiple states, underscoring her commitment to the issue. During the 2020 campaign, Harris opposed Biden’s previous support for the Hyde Amendment. Policy experts suggest Harris might place a higher priority on abortion rights due to her extensive engagement on the topic.
Middle Class Tax Relief
As a senator, Harris proposed the LIFT the Middle Class Act, offering a refundable tax credit of up to $6,000 annually per couple. This measure aimed to ease living expenses and prevent reliance on high-interest payday loans. With Americans currently facing elevated living costs, Harris’ approach to tax relief could resonate with many voters.
Harris has also advocated for raising the corporate tax rate to 35%, a stance she might continue in her presidential bid. Biden has proposed increasing it to 28%.
Lowering Drug Prices
Harris has consistently pushed for reducing drug costs, a critical issue for many Americans. Her “People over Profit” plan included provisions to penalize drugmakers for price hikes exceeding inflation and allowed the federal government to set drug prices based on costs in comparable countries. Elements of her plan were incorporated into the Inflation Reduction Act.
Affordable Housing
Harris introduced the Rent Relief Act as a senator, aiming to provide a refundable tax credit for renters spending more than 30% of their income on rent and utilities. The Biden administration has also focused on housing affordability, proposing measures to curb excessive rent increases and providing mortgage relief for first-time homebuyers.
As Harris gears up for her presidential run, these key issues—health care, tax relief, drug prices, and housing—will likely shape her platform and appeal to voters seeking solutions to economic and social challenges.
