Democratic presidential nominee Kamala Harris has outlined a series of ambitious economic policies aimed at addressing voter concerns over rising prices and financial struggles. Building on ideas from the Biden administration, Harris's proposals encompass a range of measures including new homes, tax breaks, and a crackdown on grocery "price-gouging." However, the implementation of many of these proposals would require action from Congress, where similar ideas have faced challenges in the past.

During a speech in North Carolina, Harris emphasized her commitment to fighting for the working and middle class, contrasting it with what she sees as President Donald Trump's priorities of benefitting billionaires and large corporations. Her campaign's proposals include a "first-ever" tax credit for builders of homes sold to first-time buyers, as well as up to $25,000 in down-payment assistance for eligible first-time buyers, which could potentially benefit four million households over four years.

In addition, Harris is advocating for a federal law that would prohibit corporations from setting excessive prices, commonly known as "price-gouging." She is also urging action on bills in Congress that would limit tax benefits for big landlords and prevent property owners from using services that manipulate rental housing prices and supply information.

The Democratic nominee's plan goes beyond housing-related measures, as she also calls for a cap on the monthly price of diabetes drug insulin at $35 for all individuals. Furthermore, Harris aims to address the issue of medical debt and proposes giving families a $6,000 tax credit in the year they have a new child.

Many Democrats and their allies hope that Harris will be a more forceful and trusted messenger than President Trump when it comes to addressing economic concerns. Consumer advocacy group Public Citizen has characterized Harris's plans as a "pro-consumer, anti-corporate abuse agenda," suggesting a strong focus on protecting the interests of ordinary Americans.

However, some economists have raised concerns about certain aspects of Harris's proposals. The ban on price-gouging, for instance, already exists in many states but could potentially be broadened under the new plan. Economists argue that the term itself is difficult to define, and expanding such rules may discourage firms from producing more when there is a scarcity of supply.

Michael Salinger, a professor of markets, public policy, and law, expressed skepticism regarding the ban on price-gouging and questioned the feasibility of other costly proposals, such as increasing the tax credit for children. While inflation concerns remain, Salinger argues that interfering with market forces could lead to unintended consequences, emphasizing the importance of allowing the natural workings of the economy.

The upcoming election carries significant global implications, prompting various nations to closely monitor and potentially interfere in the process. As Harris presents her economic agenda, it remains to be seen how these proposals will resonate with voters and whether they will gain traction in Congress.