Kamala Harris now aims to eliminate billions in painful medical debt and continue the party’s student loan forgiveness program.
Vice President Kamala Harris is preparing to launch a comprehensive economic plan this week, aimed at easing the financial strain on Americans.
The plan includes proposals like forgiving medical debt, building upon her previous support for student loan forgiveness.
Harris also proposes assistance for first-time homebuyers and substantial tax credits for families with children.
These policy proposals come at a time when the overall economy seems to be on an upward trajectory, with inflation easing and consumer spending remaining strong.
Simultaneously, the Biden-Harris administration continues its efforts to implement widespread student loan forgiveness.
Harris’s policy proposal, released this week as she is set to give a major economic speech in North Carolina, would involve using federal funds to purchase medical debt from health providers, and then ultimately cancel it, according to the Washington Post.
The medical debt forgiveness initiative is an extension of Vice President Harris’s previous efforts to alleviate the burden of medical debt for Americans.
She previously collaborated with North Carolina Governor Roy Cooper to eliminate medical debt for 2 million residents of the state.
Last June, Harris announced a joint initiative with the federal Consumer Financial Protection Bureau to prevent medical bills from being reflected on consumer credit reports.
“President Biden and Vice President Harris believe that getting sick or taking care of loved ones should not mean financial hardship for American families,” said the White House in a statement in June.
“The burden of medical debt and its impact on credit reports inflicts serious financial repercussions on American families, restricting access to credit, increasing risk of bankruptcy, creating barriers to housing and health care access, and negatively impacting health outcomes.
This debt is often placed on American families despite evidence of medical bills frequently being invalid, unsubstantiated, and inaccurate.”
Harris proposed efforts to “Leverage public dollars to purchase and eliminate medical debt; prevent accumulation of medical debt and protect patients from aggressive debt collectors by expanding access to charity care; and protect patients and consumers by limiting coercive debt collections practices by health care providers and third-party debt collectors.”
Harris’s call to erase medical debt comes just weeks after she reaffirmed her commitment to enacting widespread student loan forgiveness.
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Also Read: Donald Trump Now Plans To End Social Security Taxes For Retirees
Other Political News Today
Kamala Harris is now proposing raising crypto tax to 28%, according to an announcement she made in a recent campaign in Georgia.
During her recent campaign stop in Georgia, Vice President Kamala Harris proposed raising the tax rate on cryptocurrency investments to 28% for the wealthy.
This move is part of her broader economic policy, which aims to support the middle class and small businesses.
Harris’s economic proposal echoes President Biden’s budget plan, which includes raising taxes on wealthy cryptocurrency investors.
The idea is centered around strengthening the middle class, providing support for small businesses, and tackling student loan debt.
Her approach emphasizes fairness and creating more economic opportunities for everyone.
However, the crypto community says raising the crypto tax to 28% is too much.
In Atlanta, Harris drew a larger crowd than President Biden has this year, highlighting her campaign’s strength in the South.
Her speech featured a notable appearance with rapper Megan Thee Stallion, reflecting a high-profile campaign effort.
In mid-August, Harris is expected to further detail parts of her economic agenda.
“Her platform continues to prioritize support for working families and small businesses, along with her commitment to addressing economic inequality,” reports CoinLive.
It seems the solution to every problem at the moment seems to be ‘higher taxes’.
But higher taxes is only making the government wealthier, no matter the party.
With inflation just starting to cool and less purchasing power from Americans due to rising taxes and mass layoffs, is higher taxes really what America needs right now?
Leave your thoughts below.
Also Read: Massive Banks Are Now Accused of Cheating Customers
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