The positive vibes are flowing at the Democratic National Convention, but what about policy proposals? On this special episode of Voternomics, Bloomberg Senior Executive Editor for Economics Stephanie Flanders heads to Chicago to find out how—if at all—a Kamala Harris presidency would alter the US government’s approach to the economy.
Flanders spoke with economist Heather Boushey, a member of President Joe Biden’s Council of Economic Advisors who has previously served as president and chief executive of the Washington Center for Equitable Growth. “What I see,” Boushey said, speaking in her personal capacity, “is the vice president putting together an agenda to make sure that the government is working to build the middle class, to make sure that prices are fair, to make sure that people have economic opportunities.”
Boushey cited price gouging, taxes and housing as three areas where Harris has discussed her economic plans. “We’ve seen challenges in insufficient housing supply. We’ve seen that it just costs too much for families,” said Boushey, adding that Harris has unveiled policies that would increase housing. She also pointed to the vice president’s statements regarding a “robust plan” to expand the child tax credit.
But how will Harris propose that Congress pay for these policies? “She is committed to making sure that we fix the tax system in the US so that it is more fair so that corporations pay their fair share,” Boushey said.
About the series: Each week, listen in as Stephanie Flanders, Bloomberg’s head of government and economics coverage, Allegra Stratton, author of Bloomberg’s The Readout newsletter and Bloomberg Opinion columnist Adrian Wooldridge help make sense of the elections that will affect markets, countries and economies like never before.
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