Harris' economic plan is a response to voters' frustrations. Appeasing them carries steep costs

Inflation has cooled over the past year, but Americans remain unconvinced. Vice President Kamala Harris aims to use a populist approach to handle the economy if elected president. Harris plans to create an opportunity economy, focusing on job creation, economic growth, and reducing the cost of everyday necessities. However, there are concerns about the long-term benefits of her economic policies, which have only been vaguely outlined in speeches and fact sheets. One proposal involves providing up to $25,000 in down-payment support for first-time home buyers. Another involves introducing laws to limit food manufacturers’ and grocers’ ability to raise prices. Harris also promises to eliminate taxes on tips, targeting workers in the service and hospitality industries. Populist approaches like these have faced criticism from economists.