Disaster Relief Shouldn't Be a Presidential Spoils System
But because no state is totally blue or red, Republican voters have gotten caught up in Trump's partisan approach to disaster relief, suffering neglect and punishment along with their Democratic neighbors.
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Yahoo
8 minutes ago
- Yahoo
Swiss see risk of tariffs increasing cost of U.S. F-35A jets
(Reuters) -Switzerland remains committed to buying Lockheed Martin F-35A Lightning II fighter jets from the United States despite an unclear total cost of procurement in part due to the impact of U.S. tariffs, the government said on Wednesday. The Swiss government reaffirmed its commitment to buying the jets a week after the United States imposed some of its highest tariff rates worldwide on Switzerland due to the size of the U.S. trade deficit with the European country. The price of the jets would ultimately depend on inflation in the United States, global commodity prices "and other factors such as price increases due to the tariffs imposed by the USA worldwide," the government said in a statement. Bern chose the F-35A as its next-generation fighter plane in 2021 for what it considered a fixed price of around 6 billion Swiss francs ($7.47 billion) for 36 jets. The U.S. has since said that sum was a misunderstanding. Talks with the United States to avert the total sum from potentially increasing by $650 million to $1.3 billion showed it was impossible for Switzerland to assert a fixed price, the Swiss government said. ($1 = 0.8028 Swiss francs) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
8 minutes ago
- Yahoo
Mark Cuban Says Rich People Should Get Incentives To Help Others, But Gets Asked Why The Working Class Only Gets Discipline, Not Incentives
Billionaire Mark Cuban has been speaking out on social media, arguing that wealthy people should get targeted incentives to help others, while critics are asking why similar incentives aren't offered to the working class. Cuban's Incentives For The Rich Cuban recently argued on Bluesky that policy decisions have ripple effects, warning, "Think the 60% of Americans with stocks or retirement funds will like it when their savings crash? The layoffs when companies close and investment slows down considerably?" Cuban, who has long said he is fine with raising his own income taxes, proposed lowering corporate taxes for companies paying at least $25 per hour or giving employees stock at the same percentage as the CEO. "Bottom up incentives work. Dems never innovate. They bitch," he wrote. Don't Miss: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can That drew sharp criticism. One person replied, "It's always been funny how the rich need to be incentivized but the working class needs to be disciplined." The comment ratioed what Cuban wrote, meaning it received more engagement than Cuban's original post. They also questioned why Cuban would make this case so soon after a large corporate tax cut was passed, calling it tone-deaf, adding that many companies work to push wages as low as possible, undermining his claims about innovation. Defending Trump's Semiconductor Tax Structure Cuban also recently posted on X about a Trump policy imposing what he called a "billionaire's tax" on semiconductor sales to China from the most valuable company in the world, Nvidia (NASDAQ:NVDA). He credited Trump for using business leverage to get companies to pay, something he said progressives have failed to do. Trending: These five entrepreneurs are worth $223 billion – "POTUS is more progressive when it comes to taxation than anyone in the progressive wing of the Dems has ever been. The Dems should be celebrating just how progressive it is. The irony," Cuban wrote. While he disagrees with Trump on tariffs and most non-business issues, he called the move "the ultimate wealth tax" because it diluted all shareholders by 15% upfront. Cuban estimated the measure will result in Nvidia paying about $4 billion per year, connected to roughly $25 billion in high-margin revenue. He stressed that while it won't fix the deficit, it shows how targeting what wealthy companies need can result in significant tax revenue. Cuban's comments tie together a recurring theme in his public statements: using incentives to drive behavior. Whether it's corporate tax breaks for companies that pay higher wages, leveraging business needs to generate revenue from billionaires, or teaching his children to earn their own way, Cuban repeatedly comes back to the idea that motivation should come through opportunity rather than punishment. Still, the pushback shows that many people believe those same incentives should apply to working-class Americans, not just the wealthy. Read Next: Kevin O'Leary Says Real Estate's Been a Smart Bet for 200 Years — Bill Gates Warned About Water Scarcity. Imagn Images Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? NVIDIA (NVDA): Free Stock Analysis Report This article Mark Cuban Says Rich People Should Get Incentives To Help Others, But Gets Asked Why The Working Class Only Gets Discipline, Not Incentives originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
The Hill
10 minutes ago
- The Hill
Mike Collins rolls out 159-county organization in Georgia Senate bid
Rep. Mike Collins's (R-Ga.) campaign is rolling out a grassroots organization in all of Georgia's 159 counties in support of his Senate bid as he vies for the GOP nod to take on Sen. Jon Ossoff (D-Ga.). The news of the 159-county organization, which was first shared with The Hill, includes 413 county captains across the state and is aimed at turning out low-propensity voters. The campaign noted the last few Republicans to have county-level mobilization campaigns who were successful in statewide reelection bids were President Trump and Georgia Gov. Brian Kemp (R). In a press release, the Collins campaign touted the initiative's creation, noting the Georgia Republican had only been in the race for two weeks, and calling it 'a testament to the appeal of Collins' message, authentic brand, and his team's experience in the state.' The Collins campaign noted it included leaders who had previously served on Trump's and Kemp's county-level mobilization efforts. Collins is vying against Rep. Buddy Carter (R-Ga.) and former football coach Derek Dooley, seen as Kemp's preferred candidate, for the Republican nomination to challenge Ossoff next year. Collins has gained several endorsements from his congressional delegation in addition to state legislative leaders, which include some of Kemp's allies. Meanwhile, Carter has a financial edge so far with more cash on hand than Collins. Carter ended the latest quarter with $4 million in the bank while Collins, who's been in the race for several weeks, ended the last quarter with $1 million. Carter loaned himself $2 million in the last quarter as he puts some of his own financial resources into the race. Dooley, meanwhile, enjoys connections to Kemp's political orbit. Collins and Carter have both hammered the former football coach hard since Dooley announced, setting up what's expected to be a hotly contested primary.
