The plan proposes new authority for the Federal Trade Commission (FTC) and state attorneys general to “investigate and impose strict new penalties on companies that break the rules.” According to the statement, many large grocery chains have kept prices high even as production costs have leveled off, resulting in “their highest profits in two decades.”
“While some food companies have passed along these savings, others still have not,” the statement continued. Harris asserts that while price fluctuations are normal in free markets, there is a clear distinction between fair pricing and the excessive prices unrelated to business costs that consumers have been facing.
A Broader Agenda for Economic Relief
The Harris Economic Plan extends beyond the food industry, outlining measures aimed at cutting taxes for the middle class, reducing housing costs, lowering prescription drug prices, and relieving medical debt. This comprehensive approach aims to provide broad economic relief to millions of Americans, reinforcing Harris’ commitment to addressing economic inequality.
