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The Hill
an hour ago
- The Hill
Rising: July 28, 2025
Toggle header content Clinton exposed as Russiagate source?! Ratcliffe teases more docs coming: Robby Soave | RISING Robby Soave delivers radar on CIA Director John Ratcliffe backing DNI Tulsi Gabbard's claims that, 'Russiagate's,' origins can be tied directly to former President Obama's intel officials and also to former Secretary of State Hillary Clinton. Massie, Khanna reveal whether Maxwell should be pardoned in exchange for Epstein testimony | RISING Robby Soave and Lindsey Granger weigh in on Reps. Thomas Massie (R-Ky.) and Ro Khanna (D-Calif.) agreeing AND disagreeing over Ghislaine Maxwell. FOX host warns colleagues about celebrating FCC crackdown on ABC, Joy Behar | RISING Robby Soave and Lindsey Granger discuss Fox News correspondent Alicia Acuna warns colleagues that President Trump's FCC threats against, 'The View,' could backfire. Trump responds to mass starvation reports in Gaza: Trita Parsi | RISING Trita Parsi, executive vice president of the Quincy Institute for Responsible Statecraft, shares insight on the latest developments in the ongoing Israel-Hamas war, plus the international outrage over the starvation crisis in Gaza. Hegseth REROUTING Pentagon FUNDS To Refurbish Qatari Jet into AF1: RPT — Lindsey Granger | RISING Lindsey Granger delivers monologue on Defense Secretary Pete Hegseth allegedly transferring money from, 'Sentinel,' a $77.7 billion modernization project for America's aging nuclear missile system, to renovate the Qatari Jet gifted to President Trump so he can use it as Air Force One . Trump accuses Oprah, Beyonce of taking payments to endorse Kamala Harris in 2024 | RISING Robby Soave and Lindsey Granger react to President Trump's latest late night Truth Social rant. Sydney Sweeney, American Eagle 'Great Jeans' campaign divides social media | RISING Robby Soave and Lindsey Granger weigh in on the controversy that Sydney Sweeney's new campaign ad for American Eagle Outfitters is causing. Jay Leno criticizes late-night comics who are too partisan | RISING Robby Soave and Lindsey Granger react to Jay Leno's criticism of late night talk show hosts getting too political.
Los Angeles Times
2 hours ago
- Los Angeles Times
Shopping for an electric vehicle? How long until that $7,500 tax credit expires?
Orange County resident Michael Buday has one eye on the calendar as he makes plans to purchase a used Tesla. He has two months left to take advantage of a federal tax credit that could save him thousands of dollars if he buys an electric vehicle. The federal government will stop paying a $7,500 incentive for new electric vehicles and a $4,000 credit for used ones on Sept. 30. It's an abrupt reversal by the Trump administration of Biden-era efforts to address climate change emissions from gasoline cars. The details are laid out in the 'Big Beautiful Bill' that passed this month. The tax credits have been available for cars that plug in but also have a gas tank, such as the Toyota Rav4 Prime and the Chrysler Pacifica Hybrid. Transportation is the largest contributor to climate change both in California and nationally, and experts say it must get much cleaner to preserve a recognizable climate. About 1 in 4 cars sold in California is fully electric or plug-in hybrid, according to the California Energy Commission. The elimination of the credits is expected to further stunt EV sales that have already slowed amid plateauing interest in California and steep auto tariffs. Industry analysts and auto dealers predict they'll see a spike in interest in electric vehicles while people can still get the credits. Buday, who is looking to buy his second Tesla after purchasing a Model 3 two years ago, said he wants to stay ahead of the curve. 'People tend to not pay attention until it's getting close to a deadline,' Buday said. 'There's hundreds and hundreds of Teslas even within 60 miles for sale, but I think once people catch on to the fact that these credits are going away, there may be a rush to snap them up.' The tax credits can be applied to most electric vehicles for sale, including the SUVs and trucks on display at Camino Real Chevrolet in Monterey Park. Dealership president Robb Hernandez said he hasn't yet seen a significant jump in EV sales yet. Manufacturers are estimating an increase over the coming weeks, he said. About 20% of the dealership's total sales come from its electric offerings, Hernandez said, including the popular Chevy Blazer and Equinox. Competition in the electric vehicle space has become increasingly fierce as major auto makers release lines of electric vehicles alongside their gas-powered cars, including Ford and Porsche. Electric-only companies including Rivian and Lucid further crowd the field of competitors. Hernandez is bracing for a drop-off in sales at his dealership with the expiration of the tax credits but said he's confident in Chevrolet's foothold in California. 'We're kind of anticipating there will be a surge, and then possibly after the expiration of the EV credits, there might be a lull,' Hernandez said. 'Hopefully it will all even out.' Tesla is using the credits' expiration to try to motivate potential customers, with marketing emails that say, 'Order soon to get your $7,500.' Tesla Chief Executive Elon Musk said in an earnings call this month that the elimination of the credits could hurt his company's sales and lead to 'a few rough quarters.' The electric vehicle leader has been turning its attention to robotics and autonomous driving technology as vehicle sales falter. Tesla reported a 16% year-over-year decline in automotive sales last quarter. The news that the credits are expiring may also be drowned out by the overall price volatility consumers are dealing with. 'Most people in this economy are reading the news and struggling to make purchase decisions based on all these moving targets,' said Dominick Miserandino, a consumer behavior expert and chief executive of Retail Tech Media Nexus. 'The average person is just trying to make sense of it all,' he said.
NBC News
2 hours ago
- NBC News
Sen. Josh Hawley introduces bill to send tariff rebate checks to Americans
Republican Sen. Josh Hawley introduced legislation on Monday to provide tariff rebate checks of at least $600 per adult and child to American families, similar to the stimulus checks the government distributed during the Covid pandemic. Hawley submitted his legislation after pledging to do so Friday following President Donald Trump's remark to reporters that he would be interested in sending a tariff-related rebate check to Americans. 'Like President Trump proposed, my legislation would allow hard-working Americans to benefit from the wealth that Trump's tariffs are returning to this country,' Hawley said in a statement. Hawley, who championed stimulus check legislation with Sen. Bernie Sanders, I-Vt., amid the Covid pandemic in 2020, authored his new bill to echo that past effort. The program would be set up as a refundable tax credit, with the government sending checks this year should the bill advance through Congress and get Trump's signature. The bill would ensure that the amount provided to each adult and dependent child is at least $600. It also allows for a larger rebate per person should tariff revenue exceed projections. The bill reduces the rebate by 5% for joint filers who have adjusted gross income in excess of $150,000, a head of household whose income exceeds $112,500 and an individual taxpayer whose income exceeds $75,000. The Treasury Department reported earlier this month that customs duties totaled about $27 billion for June, an increase of about $4 billion from May. But June also saw inflation tick up slightly as Trump's wide-ranging tariffs started to work through the U.S. economy. The independent Tax Foundation projected that Trump's tariffs would raise $2.5 trillion in revenue over the next decade, but, through price increases, would effectively increase taxes on the average U.S. household by nearly $1,300 this year and nearly $1,700 in 2026, should they remain in full effect. Hawley's bill has a long road ahead of it before it could become law. Earlier this year, House Speaker Mike Johnson, R-La., poured cold water on different proposal to send direct checks to Americans. Johnson's comments were in response to the idea of a ' DOGE dividend ' check, where the government would send a portion of the savings created by the so-called Department of Government Efficiency directly to U.S. taxpayers. But DOGE fell far short of then-leader Elon Musk's projection of as much as $2 trillion in savings, and Musk has broken with Trump after leaving the administration in May.
