On Tuesday's episode of NBC's "MTP Now," Rep. Steven Horsford (D-NV) addressed concerns about Vice President Kamala Harris' recent “price gouging” policy. Critics have labeled the plan as price controls, but Horsford countered, “We have to hold corporations accountable.”
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Watch VideoGabe Gutierrez inquired, “Congressman, regarding Harris’s policy on price gouging, some are arguing that it amounts to price controls. What is your response to these critics and to Republicans who claim she hasn’t offered enough details about her economic plans?”
Horsford replied, “Firstly, she has indeed provided substantial details. Her plan to tackle the housing crisis — a major issue in my district — includes building 3 million homes, offering $25,000 in down payment assistance for first-time homebuyers, and a $6,000 child tax credit for families with young children. Unlike Donald Trump, who lacks concrete plans and focuses solely on big corporations and the wealthy, Vice President Harris’s approach aims to address pressing issues. Trump's proposals, including his tax plan and tariffs, would likely lead to a recession, increase costs for middle-class families, and worsen the economic situation. We need to progress with Harris’s forward-looking agenda, not revert to Trump’s regressive proposals.”
Gutierrez pressed further on the criticism of price controls.
Horsford replied, “We need to hold corporations accountable. In my district in Nevada, about 30% of homes are owned by corporate landlords—three companies control 30% of the market. These corporations are driving up prices for first-time homebuyers, veterans, and students. Even for renters, these companies are charging exorbitant rates. That’s why I’ve introduced the HOME Act, and why I support Vice President Harris’s efforts to tackle corporate landlords and market abuses.”