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Harris reveals good-vibes economic polices. Experts weigh in.
Kamala Harris reveals economic plans for homeowners, new housing
The vice president will call for a $25,000 credit for first-time homeowners at a speech in North Carolina.
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Democratic presidential nominee Kamala Harris revealed for the first time some big economic plans on Friday, but these experts had mixed reactions on how much some of them would help everyday Americans.
Harris, who said in a fact sheet she’s focused on “some of the sharpest pain points American families are confronting,” plans to ease rent increases, cap prescription drug prices for everyone, boost first-time home buyers, end grocery price gouging and bolster the child tax credit.
Many of these plans resonate with voters who have struggled in the past few years with soaring inflation, but some experts are wary of what they call “price controls” to fight high prices and how she intends to pay for some of her proposals. Any changes to the tax code also would require congressional approval and depend heavily on which party controls the House and Senate, tax experts say.
“It’s optimistic and targeted to improving the middle class; however, we have yet to see details, and it’s unclear how the congressional elections will impact the likelihood of passage,” said Mark Baran, managing director at consulting firm CBIZ MHM’s National Tax Office.
Former Republican New York Congressman and senior vice president at tax consultant alliantgroup Rick Lazio said in an email that the Harris campaign will need to consider “the societal costs of unsustainable higher public debt and its impact on inflation and the ability to respond to unplanned events, like recession, wars, pandemics, and natural disasters.”
The nonpartisan Committee for a Responsible Federal Budget estimate her full plan would increase deficits by $1.7 trillion over a decade and grow to $2 trillion if temporary housing policies were made permanent. “The Harris campaign has said this would be paid for through taxes on corporations and high earners and that they support the revenue raisers in the President’s fiscal year 2025 budget but has not put forward specific offsets as part of their agenda to lower costs for American families,” it said in a release.
To get a better view of what experts liked and questioned, USA Today has compiled a more detailed look of each proposal.
Child tax credit
- A return to COVID-era child tax credit (CTC) policies, which were $3,600 for qualifying children under age 6 and $3,000 for other qualifying children under age 18.
The CTC is currently $2,000 per qualifying child under age 17 that phases out for single filers earning over $200,000 and married couples with more than $400,000 in income. Republican vice-presidential nominee J.D. Vance has floated a $5,000 CTC and hinted at no income thresholds.
- New, expanded tax relief of up to $6,000 for families with a newborn.
“We were super excited to see her propose this big expansion,” said Mary Nugent, advisor of domestic policy at nonprofit Save the Children US. “To put it front and center and to be including this new kind of bonus for new parents with those youngest kids is really exciting in terms of the impact.”
The plan would reduce child poverty by at least half, she estimates. “Most families would see an increased credit and, the top line there is that we would see massive cuts in child poverty.”
Health care and food prices
- $35 price cap on insulin for Medicare recipients to cover insulin and annual out-of-pocket costs of $2,000 for all Americans, not just seniors.
- Stiffer regulations and strict antitrust enforcement to prevent increased costs for consumers on drugs and food.
- First-ever federal ban on price gouging on food and groceries.
The Groundwork Collaborative, a nonprofit progressive advocacy group, praised Harris’ push to hold companies accountable. “When just a handful of big companies control the majority of the market, or even control the market in a single region, they have the power to raise prices without worrying about a competitor nipping at their heels,” said Lindsay Owens, the group’s executive director, in a statement.
Economists were less enthusiastic, calling Harris’ efforts “price controls.”
“Harris is continuing with the Biden administration theme of blaming high inflation on corporate greed and price gouging – be it oil producers, pharmaceutical firms or, in this case, grocery retailers – rather than excessively loose pandemic-era fiscal and monetary policies,” wrote Paul Ashworth, chief North America economist for research firm Capital Economics, in a note. “She wants Congress to pass a federal ‘price-gouging’ ban. It sounds uncomfortably like price controls, which could lead to product shortages.”
Housing
- Block data firms from hiking lease rates, and prevent Wall Street investors from buying homes in bulk to resell at a premium.
- New tax incentives for builders who construct “starter homes.”
- Provide up to $25,000 in down-payment support for first-time homeowners.
“I’m encouraged by the recognition of by Vice President Harris of the affordable housing crisis in America,” Lazio said. “There is no congressional district in the nation that hasn’t seen a spike in the housing supply imbalance. Having said that, the devil is in the details and some of the initiatives like the subsidy for first time homebuyers regardless of their wealth or income needs to be rethought.”
Ashworth also noted many developed countries around the world “have tried to boost homebuilding but have struggled to achieve their goals because of capacity constraints in the construction industry or other bottlenecks, like zoning regulations.”
Tax-free tips: Trump, Harris agree on one thing: No taxes on tips. Here’s how it could impact the budget
What wasn’t discussed?
- Tax Cuts and Jobs Act, which expires at the end of 2025, is a massive tax package passed in 2017 that included provisions that touch almost every American. If it expires, tax rates for most Americans will rise, income brackets will narrow, and the standard deduction would get cut in half which could force many Americans to itemize again, among many other things.
It’s the “big elephant in the room,” said Baran. “Letting it expire completely will hurt middle class Americans because tax rates will go up.”
Ashworth also noticed the lack of discussion “of whether she would support the extension of the original Trump tax cuts, even for those making less than $400,000 per year. That potential fiscal cliff that would hit at the end of next year is the real policy battleground.”
This is “bad economic policy, but understandable from a political standpoint given that it could be enough to win the election race in Nevada,” Ashworth said. “Assuming there are limits on the amount of income that can be counted as tips and that only income taxes are eliminated rather than payroll taxes too, that tax cut might cost up to $150 billion over the next decade.”
- Small and medium sized businesses.
“I’m disappointed that there was nothing today that spoke to the need to protect and incentivize these businesses that employ half of all Americans, and up until recently have generated most of the industry innovation in America,” Lazio said. He said he’d like to see Harris endorse tax incentives for research and development to spur innovation and to keep tax rates for small businesses steady.
“Small business people are middle class people, too,” Baran said.
Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@usatoday.com and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning.
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How a Beer Hall Keeps Up With a World Cup Crowd
The fans see the games, the crowds, the food and the beer. But behind every World Cup watch party is a team working long before kickoff and well after the final whistle. We go behind the scenes at a beer hall in Brooklyn to see what it takes to serve a room full of soccer fans on game day.
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With the white nationalist group Patriot Front, what you see is not what you get
Members of the group Patriot Front ride the subway as a commuter looks on, in Washington, D.C., on July 4.
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The sight of hundreds of masked men roaming the streets of Washington, D.C., on July Fourth weekend, wearing khakis, blue shirts and uniform patches, was chilling to some of the city’s residents.
For many Americans, it was the first they heard about Patriot Front, a white nationalist organization that was born out of the deadly 2017 Unite the Right rally in Charlottesville, Va. A now-viral Reuters photo prompted reflections on the experience of a lone African American woman who was photographed in a Metro subway car, surrounded by white supremacists.
The planned demonstration of force was timed to bring a fringe group of extremists into public view as the nation marked 250 years of its independence. Indeed, the stunt succeeded in earning the group media coverage across mainstream outlets, amplifying its brand and potential to reach new recruits. On this occasion, the members refrained from engaging in violence and property damage, projecting an image of law-abiding, orderly activism.
But those who are closely familiar with Patriot Front’s history and operations warn: Don’t believe what you see.
“That is not who they are in private,” said Len Kamdang, director of the Criminal Justice Project at the Lawyers’ Committee for Civil Rights Under Law. “Although they were on their best behavior [last] weekend, this is a dangerous group that commits acts of violence all over the country.”
Patriot Front’s history of violence and property damage
Kamdang’s organization sued members of Patriot Front for vandalizing a public mural dedicated to the tennis legend and Black activist Arthur Ashe in Richmond, Va., in 2021. Ashe, who was inducted into the International Tennis Hall of Fame in 1985, was born in Richmond and his legacy is a continuing source of pride to members of that community.
“A couple of Patriot Front members showed up under cover of night and vandalized the mural,” Kamdang said. “They painted white stencils all over. … They literally tried to whitewash him and they put their symbols of hate all over — their stencils, their slogans. And all the while they were caught on video. And that video leaked using some of the most horrible language that you can imagine.”
In many jurisdictions, law enforcement can seek additional hate crime charges or sentencing enhancements in cases where illegal acts appear to have been motivated by racial bias. But in this case, Kamdang said, Patriot Front members faced no criminal charges and their identities were only revealed when online activists later infiltrated the group and leaked internal records.


In another civil case, Patriot Front was ordered to pay almost $2.76 million to an African American musician whom they assaulted in Boston in 2022, at another July flash rally they staged. Despite a police detective concluding that the attack “appeared to be more likely than not motivated in whole or in part by Anti-Black bias,” nobody was criminally prosecuted.
Neo-Nazi ideology in patriotic colors
In 2020, Kristofer Goldsmith said that a fellow veteran invited him to partner up on infiltrating Patriot Front. Goldsmith, who later established the Task Force Butler Institute to recruit Army veterans to counter fascist groups through open source online research, was not closely familiar with the group at the time.
“Frankly, when my friend used the term ‘neo-Nazi,’ I thought he was using hyperbole,” Goldsmith said. “It wasn’t until I saw them doing things like debating the merits of national socialism versus fascism versus monarchy that I truly understood that neo-Nazi was not hyperbole, that these people actually praise Hitler. … These people have dedicated their lives to promoting white nationalist, fascist and genocidal ideology.”
Patriot Front’s founder, Thomas Rousseau, was formerly a leader of a group called Vanguard America, which was prominent in planning and a presence at the 2017 Unite the Right rally. That gathering, the largest public white nationalist event in generations, turned fatal when one extremist drove a car through a crowd of counterprotesters, killing Heather Heyer. Ultimately, Goldsmith said that rally further smeared public perception of the white nationalist movement as violent and un-American — lessons that Rousseau took to heart.
“Rousseau needed to rebrand Vanguard America,” Goldsmith said. “So he basically stole all of its assets, its digital assets … and made it into Patriot Front and literally painted everything in red, white and blue so that it would be more attractive.”
The group has also shown up at natural disaster sites, namely in Central Texas last summer, ostensibly to assist local residents. Goldsmith said these missions and the group’s outward aesthetic are meant to project an idea of patriotism and service. He said the group maintains a strict code of conduct. Among other things, they do not display swastikas or give Hitler salutes in public.
“The goal of their propaganda, of their public actions like this, is to beat MAGA and conservatives and Republicans into defending them and to saying, ‘I don’t see anything wrong with this group. They clearly love America,’” he said.
Patriot Front described as a “cult” and a “pyramid scheme”
The show of force in D.C. has raised questions about the group’s financing, and whether members’ travel was sponsored by outside individuals or groups. In fact, Goldsmith and Kamdang said that members of Patriot Front appear almost entirely to shoulder the cost of operations and Rousseau’s lifestyle. They said it’s most likely that those who traveled to D.C. had to cover their costs themselves.
“All of them funnel resources to the top,” Kamdang explained about the group’s general financial structure. “In order to be a Patriot Front member, you have to engage in acts of what they call ‘activism.’ And usually what that means is vandalism: putting up banners, spreading the slogans of hate all over the country. And in order to do that, they will have stickers, stencils, branding. All of that has to be approved from the top down, and all of it has to be purchased from the top down. So all the members who do this multiple times a month send cash to Thomas Rousseau for essentially stickers and stencils.”

Goldsmith said that from his time infiltrating the group, the costs could run up to hundreds of dollars a month per member. Kamdang, who said that attorneys are actively seeking to collect judgment in the settlement over the Arthur Ashe mural, noted that Rousseau appears not to hold any additional paying jobs.
“This seems to be what he’s doing full time,” Kamdang said. “So he appears to be being propped up full time by his members.”
Goldsmith likened the financial operation to a pyramid scheme. But he said even more substantial than the financial investment that Patriot Front members are required to make to retain membership is the control they give up over their time and personal choices.
“I describe it as a cult, not to be offensive, but because it is like Rousseau needs to have complete control of all of his members,” Goldsmith said. “[The group] requires its members to give up all of their lives, all of their relationships. All of their priorities in life need to be focused towards growing the organization or continuing the organization [and] enriching its leadership. So, it’s costly.”
NPR reached out to Patriot Front for comment. The group did not respond by deadline.
Goldsmith also noted that Rousseau often gives lengthy speeches that members are expected to listen to, via online platforms.
To Kamdang, the publicity that Patriot Front earned through the group’s D.C. stunt presents a danger: It amplified a presentation of the group that was deliberately crafted to make Patriot Front appear orderly and patriotic.
“I think the reason why it got a lot of attention is because Patriot Front was very careful in their language,” he said. “They try to mask their replacement theory, the white supremacy and in ‘Americana’ terms and patriotism. But that is not who these guys are.”
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Graham Platner makes it official in Maine, submitting paperwork to leave Senate race
Now-former Democratic Senate candidate Graham Platner speaks at his primary election night event on June 9 in Blue Hill, Maine. Platner officially dropped out of the race July 10 following rape allegations from a former romantic partner that he denies.
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Graham Platner, Maine’s Democratic nominee for Senate, is officially out of the race.
The Maine Secretary of State said Platner filed the necessary paperwork to withdraw his candidacy two days after he announced he planned to do so following an accusation of rape by a former romantic partner. Platner denies the allegation.
The Maine Democratic Party has until July 27 to pick Platner’s replacement.
In his withdrawal notice, Platner said “people are desperate for change” and that’s why they voted “for a new kind of politics” by making him the Democratic nominee. He expressed gratitude for those who supported his campaign and said that he will continue to fight for “the movement we have built together and the future we believe in.”
He ended his notice with a strong statement aligned with the progressive platform.
“F*ck ICE. Free Palestine. Up the Hearts.”
Platner announced his plan to withdraw from the race in an 11-minute video he posted to social media on July 8. He said he had no choice but to suspend his campaign, citing it was no longer viable financially.
“We are going to lose our ability to fundraise. We are going to lose our ability to access voter data. We are going to lose all of the things that any campaign needs on the basic level simply to function,” he said.
Platner added that dropping out was not an admission of guilt. Rather, the decision, he said, is to keep the progressive movement in Maine alive to defeat Republican Sen. Susan Collins in November. Platner blamed the “political establishment” for his downfall and argued the goal was to force him out of the race.
“We built a campaign. We engaged in electoral politics. We motivated people. We banded together. We did it the way that we were told we are supposed to make change and we won. And now they are not going to let us have it. Not if it’s me,” he said.
Many powerful Democrats and progressives, including Sen. Bernie Sanders, an independent, urged Platner to step down.
Platner has had to answer to a waterfall of scandals since he launched his Senate bid. Despite those, he ran away with the nomination in the June 9 primary, securing more than 150,000 votes — more than any other Democratic Senate candidate in Maine’s history.
Platner ran on a progressive platform centered on affordability, universal health care and getting corporate money and influence out of politics. During his campaign, he generated an undeniable amount of enthusiasm, something the Maine Democratic Party will have to harness if it hopes to beat Collins in the general election.
Multiple people have already launched campaigns to replace Platner, including former state Sen. Troy Jackson and former CDC official Nirav Shah, who both ran unsuccessful bids for governor.
Platner called on the replacement process to reflect “the Mainers who on June 9 turned out and showed that they are desperate for a different kind of politics.”
“We were asking for real democracy, and we did it the right way. And we won. But now the ball is in the court of the Democratic establishment,” he added.
The Maine Democratic Party said that it intends to hold a new nominating convention where around 600 delegates will select Platner’s successor. Candidates have until July 15 to declare their intent to seek the nomination and gather signatures from at least 8 of Maine’s 16 counties. Party leadership added they will make the nomination process public and transparent.
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