logo
Krishnamoorthi kicks of campaign with endorsement, vow to fight Trump administration — WGN Evening News

Krishnamoorthi kicks of campaign with endorsement, vow to fight Trump administration — WGN Evening News

Yahoo10-05-2025

The primary election for Sen. Dick Durbin's successor isn't until next year, but the race is already heating up with Krishnamoorthi so far facing Lt. Gov. Juliana Stratton and Rep. Robin Kelly. No Republicans have yet entered the race. https://wgntv.com/news/illinois/u-s-rep-raja-krishnamoorthi-announces-senate-bid/

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

NASA, Pentagon push for SpaceX alternatives amid Trump's feud with Musk
NASA, Pentagon push for SpaceX alternatives amid Trump's feud with Musk

Washington Post

time26 minutes ago

  • Washington Post

NASA, Pentagon push for SpaceX alternatives amid Trump's feud with Musk

Federal officials at NASA and the Pentagon moved swiftly this week to urge competitors to Elon Musk's SpaceX to more quickly develop alternative rockets and spacecraft after President Donald Trump threatened to cancel Space X's contracts and Musk's defiant response. Government officials were especially stunned after Musk responded to Trump with a salvo of his own: SpaceX would stop flying its Dragon spacecraft, a move that would leave the space agency with no way to transport its astronauts to the International Space Station.

3 ways Trump's policy bill hurts Tesla
3 ways Trump's policy bill hurts Tesla

Yahoo

time40 minutes ago

  • Yahoo

3 ways Trump's policy bill hurts Tesla

Elon Musk has been feuding with President Trump over a bill the president is championing that, among other things, cuts incentives for electric vehicles and solar energy that benefit Musk's company Tesla. Trump said Musk's vocal opposition to Republicans' 'big, beautiful bill' is based on its elimination of incentives for electric vehicles (EVs). 'Elon knew the inner workings of this bill better than almost anybody sitting here. … He had no problem with it,' Trump told reporters in the Oval Office. 'All of a sudden he had a problem, and he only developed the problem when he found out that we're going to have to cut the EV mandate, because that's billions and billions of dollars,' he added. While the bill may not be all bad for Musk – including preserving Trump's 2017 income tax cuts – it contains significant provisions that impact Musk's flagship company. It also rolls back green-tax incentives. Since he's stepped away of the Trump administration, the entrepreneur has been a vocal critic of the legislation, including lamenting that 'there is no change to tax incentives for oil & gas, just EV/solar.' While the House narrowly passed its version of the bill in late May, it is facing hurdles in the Senate, where it is so far losing some momentum. Here's a look at the provisions that may be particularly impactful for the company – as well as other electric vehicle and climate-friendly energy companies: One major way in which the 'big, beautiful bill' harms Tesla is by making its cars more expensive. The Democrats' 2022 Inflation Reduction Act lifted a cap allowing manufacturers that had already sold more than 200,000 electric vehicles to once again be eligible for the $7,500 consumer tax credit. It also extended eligibility for the credit through 2032 The bill effectively made the cars $7,500 cheaper for consumers. But, the credits are cut in the GOP's bill. Without that credit, Tesla and other EV makers may make fewer sales. One major hurdle facing the adoption of electric vehicles is that they are oftentimes more expensive than gas-powered cars. However, Musk has contended when he was supporting Trump that he does not need the tax credit. Tesla Energy sells both rooftop solar energy and grid scale solar power – both of which are hampered by the Republican bill. The legislation axes tax credits for rooftop solar after this year. It also eliminates tax credits for any grid scale project that begins construction more than 60 days after the bill is enacted. Projects also need to begin producing energy by the end of 2028 to become eligible. These utility scale cuts are controversial even within the GOP and could face changes in the Senate. The legislation would eliminate a Biden-era regulation that forces the electric vehicle market to shift toward EVs. While Tesla is already all-electric, doing so could still impact its bottom line, as the way the regulations are set up, automakers either have to make their vehicles greener or purchase credits from automakers like Tesla that already outperform the regulations. If the regulation is weakened, traditional car manufacturers may not have to buy as many credits from EV-makers like Tesla. However, it's not clear whether this provision will make it into what's ultimately passed because it will first need to be approved by the Senate parliamentarian, which sets the rules for what types of provisions are eligible in legislation passed through a procedure that requires just 50 votes. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Vance: Musk attacks on Trump ‘huge mistake'
Vance: Musk attacks on Trump ‘huge mistake'

Yahoo

time40 minutes ago

  • Yahoo

Vance: Musk attacks on Trump ‘huge mistake'

Vice President Vance in a recent interview came to President Trump's defense in response to the recent spat between the president and tech billionaire Elon Musk. The squabble, which spilled out into the public arena via social media on Thursday, has been dubbed as a 'national divorce.' Vance called Musk's comments — including tying Trump to disgraced financier Jeffrey Epstein and signaling support for impeachment — a 'huge mistake.' 'I think it's a huge mistake for him to go after the president like that. And I think that if he and the president are in some blood feud,' Vance told 'The Past Weekend' podcast team earlier this week. The episode was published on Saturday. 'Most importantly, it's going to be bad for the country, but I think it's going to be … I don't think it's going to be good for Elon either,' Vance added. The vice president also pushed back on the alleged connection between Trump and Epstein. Musk has since removed the post from his social platform X account. 'First of all, like, absolutely not — Donald Trump didn't do anything wrong with Jeffrey Epstein,' Vance told host and comedian Theo Von. 'Like … the guy is whatever the Democrats and the media says about him. That's totally BS.' The back-and-forth between the two men began after Musk voiced opposition to Trump's 'big, beautiful bill.' The sprawling legislation includes most of the president's legislative agenda. The tech mogul's criticism of the bill — which he called a 'disgusting abomination' — is focused primarily on increases to deficit spending. The Tesla and SpaceX CEO also argued the legislation lacks necessary spending cuts. Trump, during comments from the White House on Thursday, said that while he and Musk had a 'great' relationship in the beginning of his second term, 'I don't know if we will anymore.' The tech billionaire later lashed out at the president, suggesting he would not have won the 2024 presidential election without his support and calling for a third party to rise up. In response, Trump threatened to cut off all federal contracts with Musk's companies. Vance in the interview said his loyalty will always lie with Trump. Still, he praised Musk's business acumen and commended his work at the helm of the Department of Government Efficiency (DOGE). 'And look, man, I'm always going to be loyal to the President, and I hope that eventually Elon kind of comes back into the fold,' the vice president said. 'Maybe that's not possible now, because he's gone so nuclear.' He also suggested part of Musk's outburst comes from his dissatisfaction with the GOP's megabill and as his businesses face scrutiny following the billionaire's foray into politics. 'Elon's new to politics, right? So his businesses are being attacked non-stop. They're literally, like, fire bombing some of his cars,' Vance told Von, referring to Tesla vandalism that cropped up amid protests over DOGE's influence on federal workforce cuts. 'And by the way, we're looking into a lot of this stuff. I mean, some of that stuff we're looking into is an act of terrorism, at the Department of Justice, because I think it is an act of terrorism,' he added. 'So I think part of it is this guy got into politics and has suffered a lot for it.' Vance acknowledged Musk's frustration with the reconciliation package, which currently faces an uphill battle in the Senate, but said 'it's a good bill, it's not a perfect bill.' 'If you're a business leader, you probably get frustrated with that process because it's more bureaucratic, it's more slow-moving,' the vice president added. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store