"the washington post" calling the harris plan and aggre aggressively -- agenda. government spending and shinier wrapping and points out big government spending landed americans in the highest inflation period in decades. >> gillian: a big hour ahead counting down to the vice president setting the fox news team coverage, shannon bream will join us just a moment but we begin with jacqui heinrich. she is traveling with harris today and battleground north carolina. hey jacqui. >> hey, gillian. the vp's two biggest pieces of her economic agenda are getting pretty mixed reviews. the most controversial one is expanding the authority of the ftc to create a ban on price gouging for groceries and food. a "washington post" opinion columnist has this headline: "when your opponent calls you communist, maybe don't propose price controls." the writer goes on to say could lead to shortages, black-market, hoarding, potentially raising

prices, and obama's former economic advisor jason furman seems to confirm, telling the new york time this is not sensible policy of the biggest hope it is ends up being rhetoric and not reality, there is no upside and there is some downside. the harris campaign says this plan will protect consumers from appropriate greed but business owners say that is not what is driving up prices. >> i don't know anybody -- i don't know how the government is going to be able to control that. i feel like there is a freight train running behind us with price increases right now. insurance costs are going up. fuel costs. i talked to our farmers. they are struggling with energy costs and diesel costs. even a lot of government regulations. >> now critics have piled on, calling it a poor solution to a problem that harris helped to cause, with this

administration's unbridled spending and a lot of regulation and industry. trump seized on that yesterday. >> she's in there now. she could do anything she wants and she is still saying if you elect me, i'll do this. she's running on the maduro plan, like some thing straight out of venezuela or the soviet union. this announcement is an admission that her economic policies have totally failed. >> the other big piece of harrison's plan targets housing costs, giving tax credits and down payment assistance the first-time home buyers and also financially incentivizing builders to create more starter homes. the national association of homebuilders says that is a half good plan, the piece that addresses the supply portion will help to fix the problem. they say that's got to happen first before you incentivize more demand with incentives are first him home buyers be a gillian? >> gillian: jackie rally from the rally in north carolina with the vice president.

chait? >> trace: must bring in shannon bream, fox news sunday, chief legal correspondent. "the new york times" op-ed makes a fair point, when your opponent calls you communist, don't call for price controls. she has been trying to move to the center and all of a sudden trying to lean back a little to the left. >> yeah, and it's interesting with that particular proposal and we will hear more today about details of how this is going to go but plenty of economists out there left, right, and center say whoa, whoa, whoa, we have actually tried this before here in the state back in the '70s under richard nixon. worked for a little bit but when he lifted those it was terrible for the economy, so they are pointing to history and also the fact this isn't something that capitalist countries like the united states usually do. at least not with any long-lasting success. >> trace: you think of the political impact of this, shannon, talking to some economists, they were pointing out in pennsylvania, m must-win pennsylvania, on of the biggest

industries there is agriculture and farmers do not like to hear the words price controls. they do not like to hear it. so there are some obstacles going forward for the vice president and her policies. >> absolutely because you know anybody who is in business that supply and demand are what affect your ability to produce your product, sell your product, pricing for the product, and when their artificial government controls people across the spectrum will tell you that negatively disrupts the situation and in some cases can actually drive prices higher or shortages. there are risks with what she will propose today. >> trace: wonder what works and doesn't work, this is the fox news polling, the most important issue when deciding your vote for presidency and the top two or three, the economy, immigration, abortion, kamala harris leading on abortion and former president trump dominating when it comes to the economy and immigration, and yet you look at

the overall polls, shannon, and they are either leaning in kamala harris' direction or t tide. >> president trump has a one point national advantage. that's well within the margin of error. other polling out there has to do with swing states, we will do some more of that, as well, but it shows it statistically even. the top two issues people say they care about give great advantage to president trump on those, but remember, we've had a year of double haters, people saying i don't want the biden-trump rematch, give me something else. now they have a fresh face that has not fleshed out opinions on a number of domestic and foreign policy issues. and there is a lot of excitement about that. so whether that settles down after we get more meat on the bones about these specific proposals, that have to come out from the harris-walz tickets very soon, we will see if that reality check, when you have papers like "the new york times" and "washington post" calling out and questioning your first floating of economic policies,

it may get a little bit bumpier. >> trace: and some people who might offer suggestions are harris supporters. here is a few saying maybe she keeps some policies from the biden time and then ditches others. watch. >> there are some things that, you know, were going well, and some things obviously i feel need to change. >> i think it should be a mix of two, not really breaking away and saying i want to do my own thing, because again, you are still under the party system. >> i would like her to make it easier to enter the partner my country legally. >> i want them to focus on voting rights. >> so i think she can bring ideas to the table. >> trace: president biden was asked yesterday by peter doocy, is she trying to distance herself from bidenomics, and he said no, she's not, she supports it. seems to me like she is running not on bidenomics but running away from bidenomics be a shannon?

>> that is going to be, trace, exactly to your point, what do we get from her today? the white house said also on monday, the white house press secretary said there is no daylight between the two of them on these big economic issues. we have clips of her saying bidenomics is working, so clearly as a member of the administration she supported it. is she going to now inch away in the coming days and weeks and say, actually this administration didn't get it right? what was you are part of the discussion? do you offer the president other options? or is that something we are going to hear for the first time now? we keep hearing at come on day one i will get the prices down. a lot of her critics will say you have had three and a half years, so how is this going to be any different? >> trace: a very thin tight rope because for the better part of three years, she has been saying, it's working, it works, it's effective, we did it, we won. maybe we didn't win. we need to do some things over. >> when our polling shows even

weeks ago, months ago, we asked people a specific question about trump's policies, how are they helping you versus this administration's policies, people said they felt much better for their families and their pocketbooks under president trump. he's got to make that argument, just concentrate on that and stick to the policies and stop the name-calling. you got the advantage on these issues. >> trace: meantime, who is coming up on "fox news sunday," shannon? >> j.d. vance and chris coons, two senators, opposite sides of the aisles and tickets will be here to make their case as we take you live inside the united center for the dnc here in chicago on sunday. >> trace: going to be awesome. we will be watching. shannon bream, great to have you on, as always, thank you. it's kind of interesting, gillian, shannon brings up a good point, brings up a lot of good points, but when you are actually running on this and yesterday peter doocy is like listen, is she going to be a supporter or distance herself from bidenomics? no, she's going to stick with it, and she has, even as early as last week or a few days ago,

bidenomics is working. it has worked. it is effective. we are coming around. and then on the other side you have her running as fast as she can away from parts of bidenomics. this price control, whatever they are calling it, is a big step in that direction. >> gillian: we have seen first earlier in the week we heard the harris team start to talk about what is going to be in the economic plan. now we see a new overview of it on paper, that they released to the press. we are going to hear in her own words talk about it, set it up for us, defend it coming up at 2:45 so a whole lot of eyeballs are going to be on that, trace. and then we also have this. democrat robert wolf just actually talked to vice president harris about this plan. he's going to come on with us coming up in just a moment to share details of that conversation, exclusively. that in just a few minutes from now. >> trace: of course, harris is blaming corporate greed and price gouging for hyper grocery

bills. it's an argument we've heard from the administration before. so are americans buying it? fox business host ryan brumberg is asking that question at the iowa state fair. brian? >> hey, trace. we are talking to voters about how they are feeling about inflation, the economy, what kamala harris is going to say about her plans, and i also ate a rattlesnake on a stick so there is a lot of fun happening here. we will get into all of it after the break. we handcraft every stearns & foster® using the finest materials, like indulgent memory foam, and ultra-conforming inner-springs, for a beautiful mattress, and indescribable comfort. save up to $900 on select adjustable mattress sets, at stearnsandfoster.com hi, my name is damian clark. and if you have both medicare and

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tackle helsing? >> the goal is to get 3 million homes built in the next four years to bring down the cost to buy or rent a house. and here is some of what she will propose possibly in the next few minutes here. a tax incentive for building starter homes, a $40 billion fund to spur housing construction. she says she wants to cut red tape and stop wall street investors from bulk buying homes. here's a big one. $25,000 in down payment support for first-time homeowners. of course, a lot of these proposals would require, one, congressional approval, and two, more government spending. the national association of homebuilders tells us targeted tax incentives could help builders to construct badly needed new homes and apartments, but it also says this, a $10,000 tax credit for first-time buyers and what he $5,000 down payment assistance, they are positive demand incentives that they say, but the plan must weigh more

heavily on boosting supply because the nation faces a shortfall of roughly 1.5 million housing units. as harris' policy platform comes out in dribs and drabs, here is what former president trump says he'll do to address the housing crisis. >> we are going to open up tracts of federal land for housing construction and when we open it up and we take off some of the restrictions and regulations, you know in california, 50% the cost of a house is regulations. they have to adhere to regulations that bring the cost of the house up by 50%. we are going to bring back our supply chains, to stop costly supply chain disruptions. >> and one of the major criticisms from the former president at that press conference, and i heard shannon mentioned it a couple minutes ago, well, is that harris has been in office for three and a half years, so he is asking why hasn't she done more in that time to lower prices, whether at the grocery store or in housing or all of these other areas?

trace? >> trace: says when she gets in office she is going to fix the border and people are reminding her she is in office, she is in charge of the border. grady trimble, great to see you. gillian? >> gillian: thanks, tracy. the iowa state fair underway marking its 170th year. people are sounding off on the economy, inflation. brian brenberg is there to capture it all and listen to everybody's problems. hey, brian. >> [laughs] hey, gillian. yeah, there's a lot of good times happening here. record crowd that the iowa state fair. i am standing in front of thrillville. people are definite having their fun. but they are feeling the pain, as well, and worried about their pocketbooks. i talked to some of them. listen to this. >> right now i think we are holding our own. sometimes at his paycheck to paycheck. sometimes the paycheck is a little shorter than the bills. fico i think we are doing okay here, but i don't know if the rest of the country is doing as well. our gas prices aren't as high as california or arizona.

but they are high. >> right now we are okay to get meals but probably after meals it is going to be a limit on what we can do afterwards. >> so what i am hearing from families, especially, is they want to spend on the fair, they want to celebrate, they want to be out and mark the end of summer, but they are really mindful of their budget. they are counting their pennies. and they don't feel like things are getting a heck of a lot better, even as the inflation rate starts to take a little lower. they are just not feeling that where it hits them at home, gillian. >> gillian: brian, can you tell us about some of the weird stuff that you have been eating while you have been there? i am personally very interested. >> oh, what i have been eating, gillian, yeah, i am getting a lot of flak for my diet here. i started out the day with some mini doughnuts, of course the breakfast of champions. then i moved on to some rattlesnake on a stick. i got some right here. here it is. i got some rattlesnake on a

stick. it looks like a corn dog but inside you've actually got rattlesnake sausage. and i've got to tell you, it's not bad. you should try some if you ever come here. >> gillian: you should bring some back. i'm definitely not going to try it but i am sure there is somebody around fox news somewhere that will. brian, thanks so much. >> all you. >> trace: we are of course waiting for vice president kamala harris to take to the podium. in the meantime would bring in robert will, fox news contributor and former economic advisor to president obama. great to have you on. i understand you every sunday spoken with the vice president. what is she saying about her plan? what can you kind of articulate for us here? >> thank you, trace and gillian. i spoke to the vice president this morning. i've been speaking to her campaign the last few weeks in advance of this economic platform that she is putting out. as your prior guests says and a lot of the journalists are saying throughout the day, this

is really going to be a plan about lowering costs and making things more affordable. and, you know, no one is saying that it is easy out there, but we are certainly getting an economy that is getting better and better, and we need to continue. >> gillian: it looks like, robert, we have not heard the vice president articulate this in her own words but we have seen the policy proposals or at least an outline of them on paper this morning from the campaign. she is making fighting what she calls price gouging a centerpiece of her economic plan. she wants to keep costs from continuing to rise at the rate that they have been. but obviously her critics and republicans have already been pushing back and saying that is called straight up price controls, not somewhere we want to go in the united states. >> yeah, gillian, i would probably freeze it a little differently. i would say, you know, hardworking americans, everyone wants to try to live the american dream. the best way to do that is to be able to put food on their table,

to be able to afford health care, to be able to give your kid a good education, and to be able to try to own a home. and if you look at her plan, those are the things she's tackling. and it's not going to be easy because she is going to have to work with congress on a bunch of them. but she's giving a $6,000 tax credit to newborns. she is going to extend the child care tax credit, that's a no-brainer for this country for middle and low income individuals and families. she wants to start a rejuvenation of housing, with $40 billion fund, and giving tax incentive to homebuilders and rental builders, and listen, people said they couldn't do it on prescription drugs, and we know that they have done that with insulin and then another ten prescriptions in the last week. so there's always ways to negotiate to try to get better pricing. >> trace: you know, robert,

what's happening here, some of the perception is, is that, you know, the vice president, this administration are accusing food people, the grocers, of gouging. that's kind of what is coming out of this, saying it is the grocery stores that are greedy. you look at the profit margins and they are between 1%, 1.5%, 1.8% depending on the year. they are thin, they are small. there is zero evidence of any groceries chain or store in the country being greedy and gouging people. how do you get over that when you talk about price controls? >> trace, i mean, i'm not sure that that is accurate or not. i mean, vice president harris has been a prosecutor, and, you know, i was some of that used to run a bank, so we thought we weren't greedy, either -- >> gillian: governor -- >> we lived in the gray area and could have done better. people have said that with pharmaceuticals peer we know that is not accurate, either. i think they are going to have

to have a hard look at it. certainly i am a capitalist and i believe in supply and demand issues, but some of this pricing i think has just gone out of hand. it shouldn't have been lowered post covid. >> gillian: robert, just so you know, we are gearing up to hear from the vice president herself in just a moment. this gentleman is introducing her, we will have to cut to that as soon as she takes to the stage, but in the meantime, the first thing that she mentions that the campaign mentions in the plan is this massive housing expansion. they want to build 3 million homes, they say, specifically for first-time home buyers. is it realistic to think that that's something that could happen? she would need congressional approval in order to get the funding, but then also is that something that could realistically take place in four years? >> you know, i've been in finance for 40 years. i started at salomon brothers. we were the ones that developed the mortgage industry.

i went to ubs, one of the largest lenders to housing market. housing is not easy. and what's happening right now, gillian and trace, is we have something we haven't seen almost ever. we have first-time home buyers that normally by existing homes that aren't buying existing homes because they don't exist. they are not for sale. we have existing homeowners that are staying in their homes because of high interest rates that the fed has, has put on due to inflation. and because post-covid there just wasn't a lot of supply. so this is a way, hey, listen, i give the administration a lot of credit for trying to tackle this issue. that really no one is tackling for years. certainly since covid. i think it is a good idea appeared whether they can get congress and, you know, senatord house members to look at these tax incentives and have this new

type of funding will be interesting, but i think it's a plan that could actually work. i don't know if they can work in four years, but i think it could work. >> trace: it's interesting, robert, because i've been in california so i have been watching kamala harris when she was in local office as attorney general and mayor of san francisco. i'm sorry, the d8 in san francisco. and she has been pushing for the same thing. build housing, build housing. the former president is right when he says that half of housing is the cost of regulation. and nobody is more regulated than california. i mean, we did the story a few nights ago or a few weeks ago about this bathroom in a suburb of san francisco, a public bathroom, that was 60 square feet, but was going to be $2 million because of regulation. so the prospect of building millions of homes seems to be as impossible now as it was when kamala harris was the attorney general of california. >> yeah, i would respectfully

disagree on that. i don't know what california is doing in their regulation, but housing has a lot to do with what happened during covid, one supply chains closed, construction closed, and the supply and demand got completely out of whack. as i said, the correlation between existing homeowners and first-time homeowners is something i haven't seen in my 40 years in finance. i would also say that former president trump also spoke about infrastructure and could never get it passed appeared we now have an infrastructure bipartisan policy passed with about 500 billion plus ready to go to work from the private sector to work with the government on this infrastructure. so i would just say that there is a lot of things this administration did and that the other administration could not do. >> gillian: robert, stick with us, i'm going to bring in bret baier for a very quick wore hear from the vice president as she takes to the stage.

hi, bret. >> hey, guys beardless and, north carolina is in the democrats target. they think they have a chance in that state even though it leads to leans to the former president, as the vice president takes the stage. i have more to say. i really respect robert and i love when he comes on. there are some obama economists that have a problem with some of this stuff already. talk about that afterwards. >> vice president harris: oh, it's good to be back in north carolina. [cheers and applause] thank you. oh, it's good to see everyone. good afternoon, everyone. please have a seat, if you have a seat, please have a seat. mike -- mike d's barbecue, one of the biggest fans of mike dee's barbecue, my husband, doug emhoff. [applause] and thank you, mike, for sharing your story, and i'm just so sorry for what your family has been through, but you have been

out of an incredible tragedy done so much for the community, and you are such a role model, so thank you, mike, for everything. [applause] thank you. and good afternoon to everyone here. thank you to all of the incredible leaders with us today, including my friend, the governor, roy cooper, where is he? [cheers and applause] here with his daughter. every time i am land in north carolina, just literally coming down the stairs of air force two, i will shout to roy cooper, what number is it, roy? [laughter] and today he shouted 16! which is the number of times i've been in this beautiful state since i've been vice president. [cheers and applause] every time. i want to thank your next governor attorney general josh stein. [cheers and applause] he's doing incredible work.

he's going to be an extraordinary governor. representatives adam manning, fushi, nichol, thank you for your friendship, your support, . chair thomas of the wayne county board of commissioners, thank you for all that you do. to all the leaders here today, including the students and instructors here at wake tech north. [applause] thank you. so thank you all. so listen. this election, i do strongly believe, is about to go very different visions for our natio. one, hours, focused on the future. and the other focused on the past. we see that contrast clearly in many ways, including when it

comes to how we think about the economy. so our country has come a long way since president biden and i took office. at that time, we sadly remember the millions of americans that were out of work. we were facing one of the worst economic crises in modern history. and today, by virtually every measure, our economy is the strongest in the world. [applause] we have created 16 million new jobs. we have made historic investments in infrastructure, and chips manufacturing, in clean energy. and new numbers this week alone show that inflation is down under 3%. [cheers and applause]

and as president of the united states, it will be my intention to build on the foundation of this progress. still, we know that many americans don't yet feel that progress in their daily lives. costs are still too high. and on a deeper level, for too many people, no matter how much they work, it feels so hard to just be able to get ahead. as president, i will be laser focused on creating opportunities for the middle class that advance their economic security, stability, and dignity. together, we will build what i call an opportunity economy. [applause] an opportunity economy. an economy where everyone can compete and have a real chance

to succeed. everyone, regardless of who they are or where they start, has an opportunity to build wealth for themselves and their children. and where we remove the barriers to opportunity so anyone who wants to start a business or advance their career can access the tools and the resources that are necessary to do so. [applause] i will focus on cutting needless bureaucracy and unnecessary regulatory red tape. [applause] and encouraging -- and encouraging innovative technologies while protecting consumers. and creating a stable business environment with consistent and

transparent rules of the road. as president, i will bring together labor with small businesses and major companies to invest in america. to create good jobs, achieve broad-based growth, and ensure that america continues to define the future and lead the world. [applause] and key, key to creating this opportunity economy is building up our middle-class. [cheers and applause] it is essential. the middle class is one of america's greatest strengths. and to protect it, then, we must defend basic principles.

such as your salary should be enough to provide you and your family with a good quality of life. [cheers and applause] such as no child should have to grow up in poverty. [applause] such as after years of hard work, you should be able to retire with dignity. [cheers and applause] and you should be able to join a union if you choose. building up the middle class will be a defining goal of my presidency. because i strongly believe when the middle-class is strong, america is strong. [cheers and applause] so in the weeks to come, i will address in greater detail my

plans to build an opportunity economy. and today, i will focus on one element that's on the minds of many americans as they pay their bills at the kitchen table or walk the aisles of a grocery store. and that is lowering the cost of living. [applause] so every day across our nation, families talk about their plans for the future. their ambitions. their aspirations. for themselves, for their children. and they talk about how they are going to be able to actually achieve them financially. because, look, the bills add up. food, rent, gas, back-to-school clothes, prescription medi medication. after all that, for many

families, there is not much left at the end of the month. i grew up in a middle-class household. for most of my childhood, we were renters. my mother saved for well over a decade to buy a home. i was a teenager when that day finally came. and i can remember so well how excited she was. i kind of understood what it meant -- we called her mommy, mommy was so excited, it just made us excited that she was so excited. later, in college, i worked at mcdonald's to earn spending money. well, some of the people i worked with were raising families on that paycheck. they worked second or even third jobs to pay rent and buy food. that only gets harder when the cost-of-living goes up. when i am elected president, i will make it a top priority to bring down costs and increase

economic security for all americans. as president, i will take on the high costs that matter most to most americans. like the cost of food. we all know that prices went up during the pandemic when the supply chains shut down and failed. but our supply chains have now improved. and prices are still too high. a loaf of bread costs 50% more today than it did before the pandemic. ground beef is up almost 50%. many of the big food companies are seeing their highest profits in two decades. and while many grocery chains pass along these savings, others still aren't. look, i know most businesses are

creating jobs, contributing to our economy, and playing by the rules. but some are not. and that's just not right. and we need to take action when that is the case. [applause] as attorney general in california, i went after companies that illegally increased prices. including wholesalers that inflated the price of prescription medication. and companies that conspired with competitors to keep prices of electronics high. i won more than $1 billion for consumers. [cheers and applause] so believe me, as president, i

will go after the bad actors. [cheers and applause] and i will work to pass the first ever federal ban on price gouging on food. [applause] my plan will include new penalties for opportunistic companies that exploit crises and break the rules, and we will support smaller food businesses that are trying to play by the rules and get ahead. [applause] we will help the food industry become more competitive because i believe competition is the lifeblood of our economy. more competition means lower prices for you and your families. [applause]

now compare what donald trump plans to do. he wants to impose what is, in effect, a national sales tax. [boos] on everyday products and basic necessities that we import from other countries. that will devastate americans. it will mean higher prices on just about every one of your daily needs. a trump tax on gas. a trump tax on food. a trump tax on clothing. a trump tax on over-the-counter medication. and, you know, economists have done the math. donald trump's plan would cost a typical family $3,900 a year. at this moment, when every day prices are too high, he will make them even higher.

as president, i will attack and take on the issue of the cost of health care. as attorney general, i took on insurance companies and big pharma and got them to lower their prices. and together with president biden, we have gone even further. we capped the price of insulin at $35 a month and the total cost -- [cheers and applause] and the total cost of prescription drugs at $2,000 a year for seniors. we let medicare negotiate lower drug prices for seniors. and just yesterday -- and just yesterday -- we announced that we are lowering the price by up to 80% for ten more life saving drugs. [cheers and applause]

and i pledge to continue this progress. i will lower the cost of insulin and prescription drugs for everyone with your support. not only our seniors. [cheers and applause] and demand transparency from the middlemen who operate between big pharma and the insurance companies, who use opaque practices to raise your drug prices and profit off your need for medicine. two months ago, i announced that medical debt will no longer be used against your credit score. [cheers and applause] and i will work as president with states like here in north carolina -- roy cooper, thank you again -- to cancel medical debt for more and more,

millions more americans. [cheers and applause] as far donald trump, well, he wants to repeal the affordable care act. [boos] which 45 million americans rely on -- 45 million americans rely on it for health care. that would take us back to a time when insurance companies could deny people with pre-existing conditions. we all remember what that was. and we are not going back. [crowd chanting "not going back"] we are not going back. and remember -- this is why we are not going back -- because we do remember -- [laughter] he tried to cut medicare every year he was president.

threatening a program that tens of millions of seniors count on. and according to his project 2025 agenda, he intends to undo our work to bring down prescription drugs, the cost of prescription drugs, and insulin costs. well, we've come too far to let that happen. [cheers and applause] so we are not going back on that. and let's talk about the cost of housing. [cheers and applause] so now, the housing market can be complicated. but look, i'm not new to this issue. at state attorney general, i drafted and held pass a homeowner bill of rights. one of the first in america. and during the foreclosure crisis, i took on the big banks for predatory lending, with many of my colleagues, including

roy cooper. and won $20 billion for california families when i was attorney general. [applause] so i know how to fight for people who are being exploited in the housing market. and i know what homeownership means. it's more than a financial transaction. it's so much more than that. it's more than a house. homeownership and what that means, it's a symbol of the pride that comes with hard work. it's financial security. it represents what you will be able to do for your children. [applause] and sadly, right now, it is out

of reach for far too many american families. there is a serious housing shortage. in many places, it's too difficult to build, and it's driving prices up. as president, i will work in partnership with industry to build the housing we need, both to rent amp to buy. we will take down barriers and cut red tape, including at the state and local levels. [cheers and applause] and by the end of my first term, we will and america's housing shortage by building 3 million new homes and rentals -- [cheers and applause] that are affordable for the middle class. and we will do that together.

we will do that together. and we will make sure those homes actually go to working and middle-class americans -- [applause] not just investors. because you know, some corporate landlords, some of them buy dozens if not hundreds of houses and apartments. then they turned them around and rent them out at extremely high prices. and it can make it impossible, then, for regular people to be able to buy or even rent a home. some corporate landlords collude with each other to set artificially high rental prices. often using algorithms and price-fixing software to do it. it's anticompetitive, and it drives up costs.

i will fight for a law that cracks down on these practices. [applause] we also know that as the price of housing has gone out, the size of down payments have gone up, as well. even if aspiring homeowners save for years, it often still is not enough. so in addition, while we work on the housing shortage, my administration will provide first-time home buyers with $25,000 -- [applause] to help with the down payment on a new home. [cheers and applause] we can do this. we can do this. [applause]

all to help more americans experience the pride of homeownership and the financial security that it represents and brings. so that's my plan. but here's what donald trump would do. if his project 2025 agenda is put into effect, it will add around $1,200 a year to the typical american mortgage. he's got it backward. we should be doing everything we can to make it more affordable to buy a home, not less. [cheers and applause] finally, there is one more way i will help families deal with rising costs. and that's by letting you keep more of your hard-earned money. [applause] under my plan, more than

100 million americans will get a tax cut, and we will do this by restoring two tax cuts designed to help middle class and working americans. the earned income tax credit. [applause] and the child tax credit. [cheers and applause] through which millions of americans with children got to keep more of their hard-earned income. we know this works. and has a direct impact on so many issues, including child poverty. we know it works. so as president, i'll not only restore that tax cut, but expand it. weibel provide $6,000 in tax relief to families during the first year of a child's life. now think what that means. [applause]

think what that means. that is a vital, vital year of critical development of a child. and the costs can really add up, especially for young parents who need to buy diapers and clothes and a car seat and so much else. and we will do this while reducing the deficit. compare my plan with what donald trump intends to do. he plans to give billionaires massive tax cuts year after year. and he plans to cut corporate taxes by over a trillion dollars, even as they pull in record profits. and that's on top of the $2 trillion tax cut he already signed into law when he was president. which, by the way, overwhelmingly -- overwhelmingly went to the wealthiest americans and corporations. and exploded the national deficit. you know, i think that if you

want to know who someone cares about, look who they fight for. [cheers and applause] look who they fight for. [cheers and applause] donald trump fights for billionaires and large corporations. we, i will fight to give money back to working and middle-class americans. [applause] so i will end with this. two days ago, donald trump was here in north carolina. max ! [boos] he said he was going to talk about the economy. i think you all watched. you know what i'm about to say. but he offered no serious plans. to reduce cost for middle-class families. no plan to expand access to housing or health care.

and that, actually, i think for most of us, was not surprising. because we already know his plans. we know the project 2025 agenda. so there is a choice in this election. donald trump's plans to devastate the middle-class, punish working people, and make the cost-of-living go up for millions of americans. and on the other hand, when i'm elected president, what we'll do. [cheers and applause] what we will do to bring down costs, increase the security and stability financially of your family, and expand opportunity for working and middle-class americans. [cheers and applause]

so now, now, now is the time to chart a new way forward. [applause] now is the time to chart a new way forward. to build -- [chanting "new way forward"] a new way forward. yes, a new way forward. to build, to build an america where everyone's work is rewarded and talents are valued. where we work with labor and business to strengthen the american economy and where everyone has the opportunity, not just to get body, but to get ahead. so i thank you, north carolina. we are going to get this done. and with your help, god bless

you, and god bless the united states of america. god bless you. [cheers and applause] >> trace: there you have vice president kamala harris wrapping up her rally in north carolina. we were talking about, she said her speech was going to be about 25-26 minutes, she stuck very close to the script there. let's bring in bret baier, special report anchor. it's interesting, bret, she kind of was trained to please everybody here. she says she wants to raise salaries but lower the price of food and other items, and a lot of economists would say, very difficult to do both of those. >> yeah. trace, it's interesting to listen to a repositioning here, almost like vice president harris hasn't been part of the harris, the biden-harris administration, or not part of the deciding vote for the $1.9 trillion that was added to the economy that a lot of people say sped up inflation

and caused some of these problems. she is now trying to separate herself or at least be different than the bride and economic plan and bidenomics. interestingly, the first effort out of the gate is to the left of president biden, with an effort that she says would go after price gouging. i was saying this before she started, that there are a number of economists, obviously on the right but definitely on the left, too, who have concerns with some of these plans. obama economist jason furman said the harris proposals are misguided, and he added, and this is a quote, "hopefully they won't matter. this is not sensible policy. and i think the biggest hope is it ends up being a lot of rhetoric and not reality." you know, grocery stores on average have a profit margin of about 1% to 2%. it went to historic lows in 2023. aat 1.2%.

going after corporations for price gouging rages a lot of questions about supply chain and supply that would be left. and then when you talk about housing. it sounds great to give everybody $25,000 for first-time homeowners to go after down payments. but does that lead to the prices of homes going up $25,000? and the real crisis is about supply and housing. so there are real questions in the specifics of these plans, but it's packaged in a way to be a very progressive pitch. again to the left of president biden when it comes to the economy. and we will see how it is digested over time. >> gillian: bret, it's gillian. it was a progressive pitch. and what we saw today from the vice president is not just a stark policy contrast with the plans laid out by former president trump, but a stark vision of a wildly different

economic reality and just reality in general. she took care to point out today that she sees the supply chain issues that started plaguing this country during covid as largely if not completely fixed. she said it's all better now. two days ago, we heard the former president talk about how he sees them as being worse than ever >> there's a disconnect. when she talks about former president trump's plans to raise taxes, that's not what he's talking about. he's talking about tariffs on other countries and their products coming in here so that the us succeeds. i do need to give the vice president credit and administration credit for the negotiation on farm a and drug prices. they have had success on big specific medications and bringing those prices down in negotiations that you heard from president biden just yesterday. she tapped into that as well.

but again there is the stance of getting away from bidenomics, re in her own vision and yet accepting similar positives that she wants to claim is the strongest economy in the world. so i think we are going to see a lot of this in chicago next week >> i'm wondering how this plays politically. it's interesting because you talk a lot and economists talk a lot about price controls but if you go to a state like pennsylvania which 1 of the primary industries in pennsylvania is agriculture and you talk to farmers the last thing in the world farmers want to hear are the words price controls. >> that's right. and it's just not something that a lot of people, we were talking but economists here but really people on the street it hasn't worked. president nixon tried it. i remember don rumsfeld former defence secretary at that time the nixon administration was running price controls and just said it didn't work. other countries have tried it.

it didn't work so how it's implemented again to jason furman's point you have to go through congress and it might not be realistic. the other thing is striking to hear the vice president talk about cutting red tape and cutting regulations. that again is taken from former president trump's speech and it's tough to imagine the person 2019 who wanted to ban fracking and plastic straws is going to be the champion of cutting red tape and cutting regulations but maybe that transition is happening. we'll see. >> it's notable she put up a lot of the red tape in california while she was the attorney general and some regulations. brett thank you for joining us. we very much appreciate it. it was great to be with you. thank you for joining. i'm trace gallagher. >> the story with martha starts right now. >> martha: thank you very much. continuing coverage of this breaking news i'm martha maccallum, and this is the story.