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What is ‘price gouging’ and why is VP Harris proposing to ban it?

  • Vice President Kamala Harris proposed a federal ban on "price gouging" to combat rising grocery prices, which have increased by 21% under the Biden-Harris administration.
  • Experts suggest the ban would regulate corporations from excessively raising prices and increasing profit margins.
  • Currently, several states restrict price gouging, but a comprehensive federal ban does not exist.
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What is 'price gouging' and why is VP Harris proposing to ban it?

Vice President Kamala Harris has proposed a ban on “price gouging” by food suppliers and grocery stores, as part of a broader agenda aimed at lowering the cost of housing,

·United States
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Krem2 News broke the news in Spokane, United States on Friday, August 16, 2024.
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