berg80
Diamond Member
- Oct 28, 2017
- 17,640
- 14,724
- 2,320
Kamala Harris allies say plan to ban āprice gougingā has been misconstrued
Vice President Kamala Harrisās proposal last week to ban price gouging in certain sectors has spurred backlash from some Democratic economists, provoked consternation among business groups and emerged quickly as a focus of Donald Trumpās on the campaign trail.
Harrisās allies, however, are arguing both publicly and privately that her plans have been taken out of context, and that the idea is a targeted expansion of existing state powers rather than new government āprice controlsā that would transform the U.S. economy.
In a statement released last week, the Harris campaign called for the āfirst-everā ban on price gouging in the grocery and food industries. The campaign provided few details about how such a prohibition would work in practice, but said it would enable the Federal Trade Commission to impose large fines on āexcessiveā price hikes.
I wouldn't use the word misconstrued. I'd describe it as purposefully misrepresented.