By Diana Glebova, Josh Christenson and Victoria Churchill | The New York Post
Vice President Kamala Harris on Friday unveiled the economic policies she would enact in her first 100 days in office — and it comes with a whopping estimated $1.7 trillion in handouts, as well as government price controls on groceries amid ravaging Biden-Harris administration inflation.
Her economic plan includes measures to dole out $25,000 to help first-time homeowners with their down payments and give up to a $6,000 tax breaks for lower and middle-income families who have a child in their first year of life. Harris did not say what incomes qualify as “lower” and “middle.”
The housing subsidies alone are “absolutely inflationary” and would “push a $2 trillion dollar deficit even higher,” Brian Riedl, a senior economic fellow at the Manhattan Institute, told The Post, referrring to the already projected budget shortfall for 2024. Those subsidies make up just $200 billion of the total $1.7 trillion handouts pledged to voters.