Vice President Kamala Harris unveiled a sweeping economic plan Friday, promising to crack down on large corporate food mergers and introduce the first-ever federal ban on price gouging. The announcement comes just days after one of the largest food industry tie-ups in history was revealed, signaling a strong stance against consolidation and its impact on American consumers.
Harris Economic Plan : A Bold Move Against Corporate Consolidation
The Harris Economic Plan emphasizes her administration’s commitment to “lower costs for American families,” particularly by targeting what she describes as “unfair mergers and acquisitions” in the food industry. Harris argues that extreme consolidation has led to inflated grocery bills, placing an undue burden on American households.
“Extreme consolidation in the food industry has led to higher prices that account for a large part of higher grocery bills,” the statement from Harris’ campaign reads. “To confront this issue, Vice President Harris will also direct her administration to crack down on unfair mergers and acquisitions that give big food corporations the power to jack up food and grocery prices and undermine competition.”
