Kamala Harris is promising to Build an Opportunity Economy and Lower Costs for Families
This is part of Kamala’s New Way Forward. While this sounds really good however, when you dig into the details of this promise, you see there is nothing there, except for the empty promise and ignoring what the Biden-Harris administration has done.
She was the tie breaking vote for the Inflation Reduction Act which promptly put billions of dollars into programs that immediately created massive inflation.
She claims this will be done on day one of her Presidency. Her entire career has been nothing than promises, promises never kept. Many Americans have asked: You are the Vice-President, you have the ear of the President, you (supposedly) have influence over Congress, why haven’t these policies been put in place already?
During Donald’s Trump’s presidency, he and his team put in place close to 9,000 Opportunity Zones which are an economic development tool that allows people to invest in distressed areas in the United States. source
Here’s just one example of a success Opportunity Zone investment–State-of-the-Art Solar Panel Manufacturing planet in College Station, Texas. source
Biden’s $7.5 billion investment with the funds from the Bipartisan Infratructure Law sign in November 2021 has resulted in 7 EV charging stations being constructed and completed by March 2024. Kamala has presented herself as a major factor in this bill and EV charging implementation. Two of the many components of this do nothing bill are 1.) the Government simply can’t produce anything timely and 2.) it so full of regulation and bureaucratic red tape, by the time they are completed they will be technologically obsolete. source Back to the Opportunity Zones. Close to 9,000 new manufacturing plants, small and large businesses and new housing completed or substantially completed. Both Kamala’s and Biden’s total lack of understandings of such initiatives is a guarantee of further stalling the economy going forward.
Their purpose is to spur economic growth and job creation in low-income communities while providing tax benefits to investors. source
Tax benefit for rich? Kamala want to tax the rich. In other words, she will kill a massively successful program, the rich simple won’t show up. These Opportunity Zone put billions of investor dollars into the economy creating 9,000 geographic areas to give “everyone a chance to compete and a chance to succeed” (her words). Kamala wants to through your taxpayer dollars at problem where Trump created these 9,000 Opportunities with no taxpayer money allowing the private sector to create new wealth in these under-impoverished regions throughout the Country.