Letter to the editor: Harris' policies will hurt middle class

We’ve been told inflation is going down. It is not. All inflation is up. What has been coming down is the rate at which it has been going up. It has fallen from a high of 9% to around 3%. It has increased 19% since Joe Biden and Kamala Harris took office, dragging prices right along with it. B&H claim to have reduced inflation, but the Federal Reserve actually reduced it. Just the opposite, B&H have helped increase inflation and prices by increasing government spending.

Prices go up with inflation, but do not automatically go down when inflation goes down. Prices will only go down if demand goes down, supply goes up, production costs go down and/or government spends less. Despite Harris saying she will reduce prices, her policies will only increase prices. Giving $25,000 to first-time home-buyers will increase the price of housing. Increasing corporate taxes to 28% will be passed on to the consumer. The push to electric cars will result in higher gas prices.

These and other policies will hurt the middle class the most. Utilities by law have to pass cost increases to the consumer. Higher home prices will make it more difficult to buy a house. No new refineries or pipelines will be built, causing prices to go up. What company is going to invest in a dying industry?

And don’t believe proposed government financial programs or tax breaks will help. They will only serve to increase inflation. Just look at the Inflation Reduction Act. I believe Harris is simply ignorant of financial matters, and wrong for the USA.

Tom Cerra

Latrobe