VP Kamala Harris: Trump's Economic Plan Means Higher Prices On Daily Needs

Vice President Kamala Harris at a campaign rally in North Carolina on Friday claimed former President Donald Trump wants to impose a national sales tax, dubbing it a "Trump tax."

VICE PRESIDENT KAMALA HARRIS: 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. Now compare what Donald Trump plans to do.

He wants to impose what is, in effect, a national sales tax 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. Economists have done the math. Donald Trump's plan would cost a typical family $3,900 a year.

At this moment, when everyday prices are too high, he will make them even higher. As President, I'll 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've gone even further. We capped the price of insulin at $35 a month 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 10 more life-saving drugs. And I pledge to continue this progress. I'll lower the cost of insulin and prescription drugs for everyone with your support, not only our seniors.