Nevada's regular 2025 legislative session ends. Voter ID is among the key bills to pass
Republican Gov. Joe Lombardo is expected to take action by next week on the hundreds of bills that passed . The first-term governor vetoed a record 75 bills in 2023. Nevada lawmakers meet every other year in odd years.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
Commentary: Trump is reviving crony capitalism
If you're a CEO aiming to do business in the Trump era, set aside a slush fund for paying tribute to the Decider-in-Chief. Okay, so maybe they're not bribes, exactly. But Trump is essentially extorting certain companies to get things he wants from them. Clever CEOs are playing along, whether shareholders like it or not. Exhibit A consists of Nvidia (NVDA) and AMD (AMD), which are basically buying export licenses from the Trump administration so they can sell semiconductors in China. Both companies have agreed to pay the US government 15% of their revenues from chip sales in China in exchange for the right to sell there. 'My political head is spinning again with this new pay-to-play plan with Nvidia and AMD,' Peter Boockvar, chief investment officer at Bleakley Financial Group, wrote in an Aug. 11 analysis. 'I pray for the sake of American free market capitalism that it stops here." The Nvidia and AMD deals immediately bring to mind competitor Intel (INTC), which hasn't yet agreed to cough up an export toll. Here's a safe guess: It, too, will pay a similar fee for similar privileges. At the moment, Intel is doing damage control. On Aug. 7, Trump directly attacked CEO Lip-Bu Tan, saying on social media that he 'must resign, immediately.' Trump and some other Republicans seem to be concerned that Tan had improper connections with China's military at another firm he ran until 2021. Tan, a US citizen, now plans to meet with Trump to demonstrate his commitment to American interests, according to the Wall Street Journal. Fine. But that's probably not what Trump is looking for. Trump has a feral instinct for detecting vulnerability in adversaries and using that leverage to extract measurable gains. He'll want something more tangible from Tan and Intel than reassurances. Trump's favorite currency is money. Intel probably has no choice but to pay. Nvidia's 15% gratuity to the government for chip sales to China will cost the firm about $3 billion per year. The company's stock dipped on the news, then drifted up. Investors may have first thought only of the bottom line, then decided the payment would be better than losing chip sales to China completely. The hit to AMD would be smaller because its China sales are lower. AMD stock also dipped then rose following the news. Intel stock rose on news of Tan's chat with Trump, as buyers hope the company's damage-control effort pays off. Trump has engineered this whole scenario. In April, Trump tightened restrictions on US chip sales to China, essentially blocking the sale of certain chips. Nvidia said that move would cost the company $5.5 billion in lost revenue. Then, in July, Trump reversed himself and decided to allow such chip sales to China. Nvidia CEO Jensen Huang has met several times with Trump during the last several months and has become an aggressive advocate for policies that benefit his company. When Trump changed his position in mid-July, it looked as if Huang had simply convinced Trump it was the right move. But the 15% gratuity now makes it look as if a deal was in the works that gave Trump some additional government revenue to crow capitalism is a system in which the rich and well-connected get their way because they have personal sway with decision makers. The Gilded Age, or 'robber baron' era of the late 1800s was perhaps the peak of crony capitalism in the United States. One result was the massive concentration of wealth among leading industrialists, which eventually led to the union movement, the graduated income tax, and much stronger regulation of business. We're not back to the robber baron days — yet. But Trump clearly favors CEOs and companies that do his bidding and help him boast of what he considers victories. Trump often dangles the bait himself. And he clearly realizes that his authority to impose tariffs unilaterally gives him a certain power over CEOs, companies, and even entire countries. Trump threatened Apple with steep tariffs on its imported products earlier this year, unless it started making the iPhone and other products in the United States. That would double or triple the cost of an iPhone, making it financially ruinous. But CEO Tim Cook met with Trump recently to tout other domestic investments. That led to a splashy made-in-America 'announcement' with Cook at the White House on Aug. 6, the kind of publicity stunt Trump revels in. Read more: 5 ways to tariff-proof your finances Trump refused approval for a deal crucial to Paramount's finances until the company agreed to a generous legal settlement involving its CBS subsidiary and canceled the show of comedian Stephen Colbert, a vocal Trump critic. Then Trump's regulators approved the deal. Paramount did what Trump wanted and got the favor it was seeking. Trump has browbeaten Coca-Cola into making soda with real cane sugar, perhaps to reward sugar-industry barons who happen to be political supporters. He has muscled a dozen big law firms into doing pro bono work for his pet causes. Many big companies have rolled back diversity and inclusion policies because Trump finds them offensive. In many cases those firms moved preemptively, on their own, simply to avoid the possibility that Trump would threaten their federal contracts or try to drum up a consumer boycott against them. Trump's method of favor-trading is the velvet glove: seek back-scratching deals first, then attack if he doesn't get them. CEOs are figuring out that it's better to work with Trump behind the scenes than go through the whole painful process of refusing Trump's demands, facing a Trump threat, watching their stock tank, trying to make nice with Trump, and then agreeing to some kind of face-saving deal anyway. Nvidia's Huang is the model Trump-whisperer, making concessions that seem like win-wins and bypassing the confrontational part of the cycle. More CEOs are likely to follow. There are obvious risks. Some of these deals, such as the export gratuities, could be illegal and overturned by the courts, causing more uncertainty for firms than they might face otherwise. CEOs who bed down with Trump may also be betting too heavily on one party and pay the consequences if the other party ever regains power. Their brands could also suffer, as Elon Musk's Tesla has, if consumers begin to view CEOs or their companies as partisan operators. But for now, the money move is to play Trump's game, because it's the only game in town. Rick Newman is a senior columnist for Yahoo Finance. Follow him on Bluesky and X: @rickjnewman. Click here for political news related to business and money policies that will shape tomorrow's stock prices.
Yahoo
19 minutes ago
- Yahoo
Trump's tax law will mostly benefit the rich, while leaving poorer Americans with less, CBO says
WASHINGTON (AP) — President Donald Trump'stax and spending law will result in less income for the poorest Americans while sending money to the richest, the nonpartisan Congressional Budget Office reported Monday. The CBO estimates that the 10% of poorest Americans will lose roughly $1,200 a year as they experience restrictions on government programs like Medicaid and food assistance, while the richest 10% of Americans will see their income increase by $13,600 from tax cuts. Overall, American households will see more income from the tax cuts in the legislation, including middle income households, but the largest benefit will go to the top 10% of earners. The CBO's report comes as lawmakers are away from Washington, many taking their messages about the bill to voters. Republicans muscled the legislation — deemed 'the big, beautiful bill' by Trump — through Congress in July. Democrats all vehemently opposed the legislation, warning that its tax cuts and spending priorities would come at the expense of vital government aid programs and a ballooning national debt. 'This really is a big, beautiful bill for billionaires, but for the poor and the working class in this country, you are actually poorer,' said Rep. Brendan Boyle, the top Democrat on the House Budget Committee, in an MSNBC interview on Monday. Changes to eligibility for government food assistance under the law will impact millions of Americans, the CBO found. Roughly 2.4 million people won't be eligible for the Supplemental Nutrition Assistance Program under new work requirements for many recipients. Low-income Americans could also see their income reduced through further restrictions on food aid and other types of assistance included in the law. Already, more than 10 million Americans are expected to be without health insurance by 2034 due to changes to Medicaid under the law. Republicans were eager to sell the upsides of the legislation — arguing that the tax cuts will spur economic growth — while they are on a monthlong summer break from Washington. But those who have held townhalls in their home districts have often been greeted by an earful from voters and activists. 'Tax the rich,' the crowd in Lincoln, Neb. chanted last week as Republican Rep. Michael Flood attempted to defend the bill. Still, Trump has been undeterred. 'President Trump's One Big Beautiful Bill is putting America First like never before, delivering huge savings for hardworking families, boosting our economy, and securing our borders,' said White House deputy press secretary Abigail Jackson in a statement last week. Stephen Groves, The Associated Press
Yahoo
19 minutes ago
- Yahoo
Man Is 'Tired of Dealing with' Picky Family Members After His Birthday Dinner Plans Lead to 'Hostile' Interaction
The man says he's spent years adjusting every meal around his dad's wife and her son's extreme dietary needsNEED TO KNOW A man chose a restaurant he liked for his birthday dinner, upsetting his dad's wife and her son who have restrictive diets The family demanded he move the dinner out of state to suit their preferences — he refused The man is now facing backlash for holding firm, but says he no longer considers them real familyA man seeks support from the Reddit community for advice following a tense birthday dinner that reignites years of unresolved family tensions. In his post, the 22-year-old explains how choosing a restaurant for his birthday sparked backlash from his father's wife, Kathleen, and her son, Benjamin. 'My dad got married to Kathleen when I was 15,' the poster shared, noting that Kathleen has two children of her own, one of whom he has never met. The one he does know — Benjamin, now 18 — has multiple allergies and an extremely limited diet, which has long dictated the family's eating habits. 'Benjamin is allergic to peanuts and shellfish,' the man wrote, adding that the allergy is just part of the challenge. 'On top of that him and Kathleen are very picky eaters.' He recalled how meals were always restricted when he lived with them. 'His diet when I lived there consisted of pizza, fries and burgers and beef and cheese tacos,' he shared. 'He didn't eat fruits or vegetables. He didn't eat any meat except for beef.' Kathleen, too, has a long list of dislikes. 'I can't remember all the stuff she wouldn't eat but it included any kind of fish, any kind of potato, rice, pasta, bread and stuff like that," the Redditor wrote, noting that this limited nearly every family meal to just a few fast food spots. Ordering takeout or dining out as a family became an exhausting routine. 'The food was never great but could've been worse,' he added. 'I think the part that sucked was every time we ordered out for my birthday or went out for my birthday it was one of the two places we had.' Even simple options like tacos were difficult to manage. 'A taco place was out unless they'd remove all veggies and extras except for the meat and cheese,' he recalled. 'And some places still put 'gross s---' to quote Benjamin on them when they did seemingly comply.' As he grew older, he began skipping their 'family meals,' tired of being forced into their limited choices. 'Anytime still they want to do a family meal out they expect us all to go to their chosen fast food places that work for Benjamin and Kathleen,' he explained. 'And I'm tired of dealing with them.' This year, for his birthday, he decided to do things differently. 'A few weeks ago I had a birthday dinner with my girlfriend and some family and friends,' he wrote. 'Dad wanted to come and he expected Kathleen and Benjamin to be invited too.' The poster made it clear that they were welcome—as long as they were willing to eat at the restaurant he picked. 'I told him that was okay if they'd eat where I had chosen,' he shared. But soon after, he was met with resistance. 'I got an email from Kathleen and calls from dad where I was told my restaurant of choice did not meet the needs and requirements of Benjamin and Kathleen," the Redditor explained. The pair even suggested that he and his guests travel out of state for a more suitable dining option for them. His response was firm. 'My answer was no and I told dad he could still come but I was not changing where I have MY birthday dinner," he wrote. However, Kathleen did not take the refusal lightly. 'Kathleen sent another email asking why I was being so hostile like her daughter and I should care about my family's health and interests,' he noted. The message struck a nerve, especially since he's never even met her daughter. Tensions rose further when his dad and Kathleen learned that other members of his dad's family traveled to join the birthday celebration. 'Dad and Kathleen were more upset to learn some of dad's side flew out to join us for dinner when they typically won't accept plans from them to eat out," the original poster continued. Now, he said, he's facing even more backlash for simply choosing a restaurant he liked. 'So now I'm facing more of their anger for my choice of restaurant,' he shared. But as he turns to Reddit to ask if he's in the wrong, the support he receives is clear. Never miss a story — sign up for to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories. 'NTA,' one commenter wrote. 'It's your birthday. And it sounds like she is fully just your dad's wife. Not any kind of stepmom.' In response, the original poster shared what seems to be the heart of the matter. 'That sums it up,' he wrote. 'I don't consider either of them any kind of real family. Only people my dad chose as his family.' Read the original article on People Solve the daily Crossword
