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‘A classic bait and switch scam': California Democrat calls out Trump amid Social Security cuts

‘A classic bait and switch scam': California Democrat calls out Trump amid Social Security cuts

Yahoo30-03-2025

After Elon Musk called social security a "Ponzi scheme," lawmakers like Rep. Dave Min are hearing about the cuts he has planned. He joins The Weekend to weigh in.

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Donald Trump's ‘Big Beautiful Bill' Suffers Blow
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A new poll found that most people believe that President Donald Trump's signature spending bill will primarily benefit wealthy individuals while harming middle-class and low-income individuals. The more than 1,000-page One Big Beautiful Bill, which includes about $4.9 trillion in tax breaks, budget cuts, and new work requirements for Medicaid, among other budgetary changes, passed 215-214 in the House last month following weeks of negotiations. RepublicansThomas Massie of Kentucky and Warren Davidson of Ohio voted against it, joining every House Democrat. According to the Congressional Budget Office, the bill will add $2.4 trillion to the U.S. national debt. It also stated that the legislation reduces taxes by $3.75 trillion. The poll comes as the bill is being debated in the Senate and as Elon Musk spoke out against it, sparking a feud with Trump. According to the CBS News/YouGov poll, 47 percent of respondents believe the One Big Beautiful Bill will hurt middle-class individuals, while 31 percent think it will benefit them. The poll also found that 54 percent of those surveyed believe the bill will hurt poor people, while 31 percent think it will help them. At the same time, 60 percent of respondents believe the bill will benefit wealthy individuals, and 7 percent think it will hurt them. The poll of 2,428 adults was conducted between June 4 and June 6 and has a margin of error of +/- 2.4 percentage points. Senator Ted Cruz, a Texas Republican, told Fox News at the end of May: "We will get it done. Now, it's going to be bumpy, it's going to be messy. But we will get it done because it is the main vehicle for us to deliver on the mandate from the voters." Senator Elizabeth Warren, a Massachusetts Democrat, said in a statement: "The Congressional Budget Office just confirmed that Donald Trump's Big Beautiful Bill is, in Elon Musk's words, a 'disgusting abomination.' This independent analysis blows a hole through Congressional Republicans' lies—this bill will rip health care away from millions of people and still jack up the debt to fund trillions in tax breaks for billionaires and billionaire corporations." President Donald Trump, on Truth Social: "It's time for our friends in the United States Senate to get to work, and send this Bill to my desk AS SOON AS POSSIBLE!" House Minority Leader Hakeem Jeffries called the bill a "reckless, regressive and reprehensible GOP tax scam," and vowed to use it against Republicans in the upcoming midterm election cycle. House Speaker Mike Johnson, at a press conference: "This is a big day. We said on the House floor: It's finally morning in America again." He added: "Today, the House has passed generational, truly nation-shaping legislation to reduce spending and permanently lower taxes for families and job-creators, secure the border, unleash American energy dominance, restore peace through strength and make government work more efficiently and effectively for all Americans." The bill is headed to the Senate, where changes are expected as legislators aim for a July 4 deadline. The chamber has a 53-47 Republican majority, so it needs near unanimity for the bill to pass. Related Articles The 1600: Hot Trump SummerMore 'No Kings' Protests Are Planned Nationwide on June 14: What to KnowIran Trolls US Over LA RiotsThe Trump Administration's Fossil Fuels Decisions Are Taking America-and the Rest of the World-Backward | Opinion 2025 NEWSWEEK DIGITAL LLC.

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Tesla sales plunge in key European markets with one shocking exception

Tesla sales plunge in key European markets with one shocking exception originally appeared on TheStreet. Tesla () is preparing for a historic event, as it gears up to launch its first fleet of autonomous robotaxis in Austin, Texas. But so far this week, other events have sparked negative momentum, pushing shares down. The company's plan to venture into the self-driving car market is currently being overshadowed by CEO Elon Musk's disagreement with Donald Trump over the new budget bill, which he has described as a 'disgusting abomination.' 💵💰💰💵 As of this writing, TSLA stock is down more than 20% for the past week and isn't showing any signs of slowing down. But these declines likely aren't due strictly to Musk and Trump's argument. Tesla's sales are falling steadily across many European markets, including the United Kingdom, France, and Spain. While this may seem discouraging to investors, there remains one outlier among European countries where Tesla sentiment has been declining. For months, European citizens have been making it clear that they won't be standing behind Musk. Protests erupted across the continent in response to his affiliations with Trump, and even as growth in the electric vehicle (EV) market rose, Tesla sales steadily trended declined in both the U.S. and China as well, highlighting the global aspect of the anti-Tesla backlash. Even the widespread availability of the popular Tesla Model Y and significant discounts haven't been enough to boost sales. Recent data reveals that while Tesla's deliveries for May 2025 were down significantly from where they were one year ago in most European markets, one country saw Tesla sales surge. Norway has reported that Tesla sales are up 213% from May 2024, reaching 2,600 in total. Its Scandinavian neighbors reported different statistics, with Tesla sales falling steadily in both Sweden and Finland. But part of the reason why they didn't dip in Norway may be due to the country's strong push toward accelerating EV adoption. 'Nine out of 10 new cars sold in Norway last year were fully electric vehicles, and the EV share of sales year-to-date stands at 92.7%, the Norwegian Road Federation said, bringing it close to a goal of phasing out diesel and petrol automobiles,' Reuters reports. Additionally, it should be noted that Tesla also reported concerningly low sales in Norway for May 2024. In this case, the contrast is important, as it suggests that Tesla's popularity in that specific market may not be as high as it appears at first glance. More Tesla News: Analyst says Tesla faces one big beautiful hit from Trump bill Elon Musk, Tesla finally get some good news out of China Analyst sets eye-popping Tesla stock price target As Electrek notes, 'It's clear that the anomaly was more with May 2024 than incredible performance in May 2025, even though there's no doubt that Tesla's sales have recovered in Norway last month. That's partly due to Tesla offering record discounts, including zero-interest financing on the new Model Y.' While Tesla has not issued any statements on its plunging sales across Europe, it did post on X celebrating its 213% growth in Norway. That statistic is certainly an anomaly, given how much Tesla's sales have fallen in similar markets, but it doesn't mean the company's problems in Europe are Electrek's analysis also notes, '2,500 Norwegians buying Tesla vehicles in May isn't compensating for the declines in other markets,' speculating that recent success in Norway may not be sustainable in the second half of 2025. For that to happen, the company will need to reverse the current consumer sentiment that has spread across Europe. Experts have told TheStreet that they believe Europe's stance against Musk will negatively impact the company. 'When Europe turns on your brand, a lot of the world follows,' states Galileo FX CEO David Materazzi. 'Lose Europe, lose your edge. Musk built it, and now he's sinking it.' Additionally, Norway is only one part of Europe's market, and Tesla is also dealing with declining sales in both China and the U.S., larger markets that stand to impact it more than anywhere in sales plunge in key European markets with one shocking exception first appeared on TheStreet on Jun 6, 2025 This story was originally reported by TheStreet on Jun 6, 2025, where it first appeared.

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