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NBC News
4 hours ago
- Business
- NBC News
JD Vance urges Republican voters to 'talk to your friends' about the 'big, beautiful bill'
WEST PITTSTON, Pa. — Vice President JD Vance gave an early glimpse of the argument that Republicans will make ahead of the 2026 midterm elections while touting the mega bill that the White House pushed through Congress. In a 20-minute speech Wednesday in northeast Pennsylvania, Vance urged the audience to become fellow evangelists for what he called the "Big, Beautiful Bill" in conversations with family and friends. Vance supplied the talking points he wants them to use, describing how workers at the machine shop that hosted his appearance will no longer pay taxes on overtime pay. Vance was silent about less popular facets of what had been a nearly 900-page bill. He did not mention, for example, steep cuts to Medicaid, which provides health coverage to low-income people. A report published Wednesday in JAMA Health Forum found that the cuts could lead to 1,000 more deaths a year. And while Vance said that Trump and congressional Republicans are getting 'Washington spending under control,' the nation's debt will increase by $3.3 trillion over the next decade under the legislation, according to the non-partisan Congressional Budget Office. The vice president invited the audience to do their own research, but asked them to 'take what I said and … go talk to your neighbors, go and talk to your friends about what this bill does for American citizens.' Without explicitly mentioning the midterm elections that will determine control of Congress, Vance said, 'We don't want to wake up in a year and a half and give the Democrats power back.' Both parties are now in the opening phase of a battle to shape voter impressions of the new law ahead of the midterms. Trump's cabinet members are expected to travel the country in the coming months to help sell the bill to voters. Introducing Vance was Kelly Loeffler, administrator of the Small Business Administration. She used her speech to promote the law, calling it 'rocket fuel for small business.' Republicans face some headwinds in selling the legislation. A recent Economist/YouGov survey taken after Trump signed the bill on July 4 showed that 35% of adults supported it, compared to 53% who were opposed. The White House needs GOP voters to be enthused about the law and motivated to vote next year if the party hopes to hang onto majorities in the House and Senate. 'The Trump voters are happy and complacent right now,' said John McLaughlin, a Trump pollster. 'And we have to get them fired up for next year. We have a lot of work to do. If President Trump is not on the ballot, it's harder to get them out.' The vice president's appearance was also an investment of sorts in his own political future. Pennsylvania is a perennial battleground state. Trump lost it in 2020 when he was defeated by Joe Biden, but won it back in 2024 when he was elected to a new term. Vance is a likely GOP candidate in the next presidential race — a prospect that voters interviewed before his speech said they welcome. Dwayne McDavitt, 63, of the group Bikers for Trump, said: 'I love JD Vance. I hope he runs in 2028. He's a very intelligent man.' In his remarks, Vance said nothing about the ongoing furor that threatens to divide Trump voters: The Justice Department's finding that the Jeffrey Epstein files contain no ' incriminating 'client list' ' or evidence that would implicate third parties. Many hardcore Trump have balked at the claim, while Trump has called upon them to drop the subject and stop talking about Epstein. Before Vance's appearance, supporters waiting in line offered mixed views of whether they believe the Trump administration is suppressing damning information involving Epstein. Steven Taylor, a truck driver living across the street from the machine shop said he was 'angered' when Trump said that people should move on from the Epstein controversy. 'I think we're being lied to,' said Taylor, 52. 'And I don't appreciate it. This is supposed to be the era of transparency.' 'We put our trust in him [Trump],' he continued. 'I'm still going to support him, but with a slanted eye. We're the ones who put him where he is. It's totally disrespectful.' But Richard Geiersbach, 66, a contractor wearing a MAGA hat, echoed a point that Trump has been making in recent days: Epstein isn't worth discussing anymore. 'It's a waste of time, a waste of money,' he said. 'Let it go.'
NBC News
5 hours ago
- Business
- NBC News
Vance travels to Pennsylvania to tout the 'Big, Beautiful Bill'
Vice President JD Vance traveled to West Pittson, Pennsylvania, to promote the passage of the "Big, Beautiful Bill," and the Trump administration priorities it 16, 2025
Miami Herald
6 hours ago
- Automotive
- Miami Herald
New car buyers are finally starting to feel the pain from tariffs
Car buyers have been spoiled by the current buyer's market. Car dealers have relied on incentives to combat the expected loss in demand from the 25% auto tariffs President Donald Trump announced in April. "People are buying cars because they think tariffs are coming," one Mazda dealer said. Related: Ford debuts plan to increase sales that car buyers will love Auto sales climbed sharply through the first half of the year as consumers were motivated by the incentives and the need to buy vehicles before any tariff-related price increases. A recent Bank of America note, however, suggests that the good times are slowing as consumer vehicle loan applications declined from their peak in April, "suggesting that 'buying ahead' has largely run its course." Bank of America expects lower-income and younger buyers to feel the most pain, as its data shows that median car payments have grown faster than new and used car prices since 2019. Shockingly, of those households with a monthly car payment, 20% have a payment over $1,000. Image source:Make no mistake: The auto tariffs are extremely expensive. But automakers, at the White House's behest, have chosen to swallow much of the pain for now. "Tariffs remain a major headwind for vehicle affordability," said Cox Automotive Chief Economist Jonathan Smoke. "Even with some trade relief, the added cost – up to $5,700 per imported vehicle – hits the most affordable models hardest, limiting options for price-sensitive buyers." "We are in the early stages of seeing how manufacturers deal with these added costs, but we do not believe that the American consumer can absorb it all." Related: Car buyers have a lot riding on the 'Big, Beautiful Bill' The estimated average auto loan rate rose by 5 basis points in June to 9.94%, according to Cox Automotive. The current level is still lower by 75 bps year over year, but auto loan rates are the highest they've been since December. The average new-vehicle price rose 0.2%, according to Kelley Blue Book, and the typical payment increased by 0.1% to $757, also the highest it's been since December. The average monthly payment peaked in December 2022 at $795 per month. Nearly half of American drivers cite car expenses as the reason they can't save any money, and the average American spends about 20% of their monthly income on auto loans, fuel, insurance, and maintenance. Most financial experts cap the monthly income you should spend on a vehicle at 15%. According to a MarketWatch Guides survey, about 10% of drivers say they spend 30% of their monthly income on driving, while another 12% said they "found themselves living paycheck to paycheck due to the financial strain of their cars." In addition to capping your car payments at about 15% of your monthly take-home, financial experts also recommend shoppers aim for a 20% down payment, a 36- to 48-month loan term, and expenses (including insurance) at between 8% and 10% of your gross monthly income. Experts also recommend that you know your credit score and loan approval amount in advance and that you shop around with different lenders for the best rate. Related: Another luxury car maker is taken down by US tariffs The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Time of India
7 hours ago
- Business
- Time of India
Donald Trump declares: We are way ahead of China in AI race and the plants are ..
US President Donald Trump announced $92 billion in energy and infrastructure deals intended to meet Big Tech's soaring demand for electricity to fuel the AI boom. Trump made the announcement at the inaugural Pennsylvania Energy and Innovation Summit at Carnegie Mellon University. Top executives from Google, Palantir, Anthropic, Exxon and Chevron attended the event. President Trump asserted about the need of beating China in the global AI race. "Today's commitments are ensuring that the future is going to be designed, built and made right here in Pennsylvania and right here in Pittsburgh, and I have to say, right here in the United States of America," Trump said at the event. He added, "We are way ahead of China and the plants are starting up, the construction is starting up." His comments reflect the growing sentiment in Washington that the United States must not lose ground to China in the race to develop AI. Google makes $25 billion commitment Among investments, Google committed $25 billion to build AI-ready data centers in Pennsylvania and surrounding regions. "We support President Trump's clear and urgent direction that our nation invest in AI... so that America can continue to lead in AI," said Ruth Porat, Google's president and chief investment officer, as per a report in AFP. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo Google also announced a partnership with Brookfield Asset Management to modernize two hydropower facilities in Pennsylvania, representing 670 MW of capacity on the regional grid. Investment group Blackstone pledged more than $25 billion to fund new data centers and energy infrastructure. Energy worries of Technology companies The tech world has fully embraced generative AI as the next wave of technology, but fears are growing that its massive electricity needs cannot be met by current infrastructure, particularly in the United States. Generative AI requires enormous computing power, mainly to run the energy-hungry processors from Nvidia, the California-based company that has become the world's most valuable company by market capitalization. Officials expect that by 2028, tech companies will need as much as five gigawatts of power for AI -- enough electricity to power roughly five million homes. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Yahoo
9 hours ago
- Politics
- Yahoo
Asm. Dr. Jasmeet Bains announces 2026 run for Congress for Rep. David Valadao's seat
BAKERSFIELD, Calif. (KGET) — Assemblywoman Dr. Jasmeet Bains (D-Delano) has announced her bid for California's 22nd Congressional District Wednesday morning. Bains will be looking to unseat Republican incumbent Rep. David Valadao of Hanford in the 2026 election. Trump tells Texas Republicans to redraw the state congressional map to help keep House majority In a post on X, Bains emphasizes her career as a family doctor, directly calling out Valadao for voting yes on the 'Big, Beautiful Bill' and 'for the largest cut to health care in history.' Bains joins fellow Democrat Randy Villegas in opposing Valadao. 17 News will have a candidate profile with Bains. Check back for updates. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
