Trump blasts Harris plan to ban price gouging as communism. But GOP states already block some price hikes.
“GOP state attorneys general, as well as many of their Democratic counterparts, have moved to stop companies from charging what they view as exorbitant increases in the cost of some goods in certain circumstances.
In Texas, Attorney General Ken Paxton, a Republican, sued a large egg supplier for raising prices by about 300 percent at the height of the pandemic lockdowns in 2020.
Kris Kobach, the Republican attorney general of Kansas, is suing a large natural gas supplier over allegations that it gouged consumers in the aftermath of a 2021 winter storm. And in storm-prone Florida, state officials widely publicize a law that prohibits sharp price increases in essential items during emergencies.
“Nobody likes to be gouged when they’ve lost their roof,” said Trish Conners, a former chief deputy attorney general of Florida now in private practice at the firm Stearns Weaver Miller. The state laws address the “fundamental public safety role that state AGs have, and it’s largely bipartisan. You don’t see too much difference between AGs in that regard.”
The state laws underscore some of the benefits and challenges that Harris may face in selling her plan. It is broadly popular for politicians to shield consumers from excessive prices — even if many economists disagree with the approach. But at the same time, most states have limited their intervention in the market to a far narrower set of circumstances, and Harris’ plan for a national approach would likely represent a major expansion of the role of government in prices.
Some 37 states have laws to address price gouging, according to the National Conference of State Legislatures. Most of the laws have specific triggers — such as a state of emergency or disaster — and prohibit sellers of certain essential goods from jacking up prices beyond a certain threshold. Some states have a numerical threshold of, say, 15 or 25 percent, while others have vaguer prohibitions on “excessive” or “unconscionable” increases.
Florida Republican Attorney General Ashley Moody vowed to vigorously enforce the price gouging law as hurricane season began earlier this year. Her office has a dedicated hotline, app and website for consumers to report instances of gouging during emergencies.”
https://www.politico.com/news/2024/08/24/trump-harris-price-gouging-groceries-00176247