U.S. Chamber: Biden-Harris policies will increase consumer costs even more
Story by Bethany Blankley | The Center Square contributor • 21h
(The Center Square) – The economy and 40-year-high inflationary costs remain a top issue among voters and are expected to be a central topic at Tuesday night’s presidential debate between Vice President Kamala Harris and former President Donald Trump.
While the Biden-Harris administration has blamed businesses for increased prices, several administration policies will increase consumer costs even more, the U.S. Chamber of Commerce says.
Well before Harris announced her plan to implement price controls, the Biden-Harris administration proposed policies, that if fully implemented, will increase vehicle, credit card and airline ticket costs and restrict consumer discounts, the chamber argues.
When it comes to increasing vehicle costs, the Biden-Harris Federal Trade Commission issued a “Combating Auto Retail Scams Trade Regulation” Rule to regulate consumers’ ability to compare prices and shop online. The rule, which the FTC claims will save consumers time and money, imposes regulations that could cost consumers $38 billion over 10 years, impose $51,000 in annual costs on dealers, among other concerns, the Center For Automotive Research argues.
https://www.msn.com/en-us/money/markets/u-s-chamber-biden-harris-policies-will-increase-consumer-costs-even-more/ar-AA1qkt9h
