Chicago – August 11, 2024
In January 2023, Vice President Harris gave a little-known speech about the economy in Chicago. “We are building an economy, as President Biden often puts it, from the bottom up and the middle out,” she said. “And I’ll add, from the outside in.”
That last phrase was an aside, but it was also a telling glimpse into how the vice president thinks about the economy — and her focus on wealth creation, racial equity and access to capital.
Among White House officials and economic advisers NPR spoke with for this story, there was a consensus that Harris’ economic vision is largely aligned with the Biden economic agenda, focused on strengthening the middle class and trying to lower costs. But the vice president is likely to highlight different priorities to achieve that goal. And the clearest sign of that is what she’s prioritized in the past.
On the campaign trail, Harris talks about the economy in bold, yet broad terms.
“We believe in a future where every person has the opportunity to build a business, to own a home, to build intergenerational wealth — a future with affordable health care, affordable child care, paid leave,” Harris told a crowd in Atlanta last week, when for the first time in her nascent campaign, she put out details around her economic platform. “All of this is to say: Building up the middle class will be a defining goal of my presidency.”
In her stump speeches, she ticks through plans to lower costs that echo the administration’s existing efforts: ban hidden fees and cap unfair rent hikes and prescription drug costs.
Next Thursday, Biden and Harris are planning a joint appearance to discuss their efforts to lower costs for Americans.
