Karl Rove, a former senior official in the George W. Bush administration, said Monday that Vice President Kamala Harris has given former President Donald Trump a “great opportunity” by calling for price controls.
Harris put forward the proposal. Reportedly The Federal Trade Commission will be allowed to impose “severe penalties” for “price gouging” in grocery stores on Friday. speech He was criticized by the Washington Post in North Carolina. Editorial Committee columnist Catherine RampellRove also criticized Harris, calling her price controls a “populist ploy.” suggestion Raise the corporate tax rate to 28%. (Related article: “It will likely lead to higher prices”: Washington Post columnist criticizes Kamala Harris' economic plan on CNN)
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“This is not going to be competitive. If you're going to talk about creating jobs, let's make it harder for American companies to compete with people around the world who tax companies at 0, 15, 20, 25 percent. Let's raise our tax rates even higher,” Loeb told Fox News host Martha MacCallum. “So, the great thing about the last few days is the vice president's economic speech has been an absolute disaster.”
“Price controls are a problem when Democrats lose the editorial board of the Washington Post and say it's a populist ploy. [Trump]” continued Loeb.
Prices have risen by more than 20% since Harris and President Joe Biden took office in January 2021, and inflation hit a record high of 9% under Biden in June 2022. When it comes to the economy, Biden's average approval rating in recent polls is just 38.6%, according to RealClearPolitics. averageMeanwhile, only 34.5% approved of his response. inflation.
“It's hard to overstate how terrible this policy is,” Rampell wrote in an op-ed posted Thursday evening. “This is outright government price control, not just in name, but in every industry. No longer do supply and demand determine prices and profit levels. They do so far away in Washington.”
Trump is trailing Harris by 1.5 percentage points nationwide in his head-to-head race. According to A RealClearPolitics average of polls from July 31 to Aug. 18 shows Harris leading. rest If we include independent candidates Cornel West and Robert F. Kennedy Jr. and Green Party candidate Dr. Jill Stein, the number comes to 1.5%.
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