Latest news with #PaulRyan
Yahoo
3 days ago
- Business
- Yahoo
Don't be fooled, Idaho. GOP's working-class rebranding is nonsense
In the last decade or so, the Republican Party has attempted to rebrand itself. Mitt Romney and Paul Ryan campaigned on cutting taxes, especially on the rich, and balancing the budget by slashing entitlements. It was time for the makers to get their due, and for the takers to get put in their place. This proved to be a horribly unpopular platform, which sent President Barack Obama back for a second term. Now the party has been taken over by President Donald Trump, who all but banished Romney and Ryan from the party and claimed he would set a course of reviving American manufacturing jobs. Trump picked 'Hillbilly Elegy' author J.D. Vance as his vice president, proof that he was embracing a departure from the GOP's old embrace of the rich, in favor of a white working class that had been culturally marginalized — Vance's Yale law degree notwithstanding. 'The image of the Republicans as the party of the Scrooge-like CEO, the basis of Obama's 2012 campaign against Mitt Romney, has been defanged by Trump, the self-styled billionaire who benefited from a rigged system and convinced his voters that only he could un-rig it on their behalf,' Republican pollster Patrick Ruffini wrote in 2023. How's the unrigging going? Don't trust what people — especially politicians — say. Believe what they do. As a recent report from the Idaho Center for Fiscal Policy makes clear, the sum of the last five years of a steady rightward shift in the Idaho Legislature has been massive tax cuts benefiting mainly the rich, coupled with waning support for programs that help the poor and middle class. Middle-class Idaho families have been left out. If the Legislature doesn't act before the end of next legislative session, taxes will rise on many Idaho families with children. Those families who make between about $56,00 and $146,000 will see their taxes rise, as the 2018 child tax credit will sunset at the end of this year. The end result, the report notes, will be that middle-class Idaho families wind up with a net tax increase. So too will the very poorest Idahoans. Refusing the obvious, and wildly popular, option of eliminating the sales tax on groceries, lawmakers opted to increase the grocery tax credit. One consequence of this decision is that there will be no benefit for people who don't file income taxes, overwhelmingly very poor people. They continue to pay the full sales tax on food, with no access to the tax credit. Meanwhile, owners of physical gold bricks and coins will pay no capital gains tax on those assets — a specialized giveaway contained in House Bill 40, which also slashed income taxes for the richest people in Idaho. It will be a good year for Scrooge McDuck. Not so much for Bob Cratchit and Tiny Tim. In the Idaho GOP's rebuilt tax code, if you are poor — if your family has to survive on less than $31,000 per year — you can expect to pay more than 9% of your income in state taxes. But if your family makes more than $738,000, you'll pay about 6%. These are the policy changes Idaho lawmakers passed as they first tried to end Medicaid expansion, and when that was blocked in the Senate, sought to implement work requirements that, if approved by the feds, are expected to result in tens of thousands of working Idahoans losing their health insurance — because it's one thing to work, but another thing to repeatedly file all the paperwork to prove to a bureaucracy that you work. This is a precise mirror of federal policy under unified Republican control of government. Idaho's delegation has unanimously supported extending massive tax cuts that disproportionately help the rich, exploding the federal debt and, at the same time, ensuring that there will be more hungry children by cutting food aid and more people dying from lack of healthcare by slashing Medicaid. The GOP has shown you what the core priority is: Soak the poor. The current incarnation of the Republican Party has not transfigured itself into the party of the working class. Neither is it the party of fiscal responsibility. It is the party that transfers wealth from the poor to the rich. Statesman editorials are the opinion of the Idaho Statesman's editorial board. Board members are opinion editor Scott McIntosh, opinion writer Bryan Clark, editor Chadd Cripe, newsroom editors Dana Oland and Jim Keyser and community members Greg Lanting, Terri Schorzman and Garry Wenske.
Fox News
6 days ago
- Business
- Fox News
GUY BENSON SHOW: Live From the Reagan Library, Day One (Featuring Paul Ryan, Larry Kudlow, Peter Doocy, Jason Rantz, David Trulio)
Today on the Guy Benson Show, we broadcasted the program LIVE from the Ronald Reagan Presidential Library. On today's program, we featured interviews with David Trulio, Paul Ryan, Jason Rantz, Peter Doocy, and Larry Kudlow. Check out the full podcast episode and the interviews from today's program below! Listen to the full podcast: Paul Ryan, 54th Speaker of the House Paul Ryan, 54th Speaker of the House, Trustee of the Ronald Reagan Institute, and Partner at Solamere Capital, joined The Guy Benson Show today to break down Trump's Big Beautiful Bill, explaining why it echoes the 2017 tax cuts he helped pass and why Democrats were wrong about those cuts then, just as they're wrong now. Ryan also praised Speaker Mike Johnson's leadership and made the case for passing the bill swiftly to avoid devastating tax hikes on American families across the board, and you can listen to the full interview below! Listen to the full interview below: Ryan had this to say on Mike Johnson's leadership as Speaker of the House: 'Absolutely impressive. He has a harder job than I did. I had a much better vote margin than he has. We wrote the original bill, the Tax Cuts and Jobs Act here, and I lost 'salty' people. I call them 'salty' people, I lost some votes from New York and California, these high tax states, because of SALT. He had zero margin and he was able to put this thing together and get it out. I'm really impressed with his leadership and its results and he's delivering results with a razor thin majority so honestly everybody in this country should be grateful uh… To Mike Johnson and his leadership skills.' Larry Kudlow, host of Kudlow on the Fox Business Network Larry Kudlow, host of Kudlow on Fox Business Network (weekdays at 4pm ET) and a Fox News Contributor, associate director for economics and planning at the Office of Management and Budget during the Reagan administration, and author of 'JFK and the Reagan Revolution: A Secret History of American Prosperity,' joined the Guy Benson Show today to discuss the legacy of former President Ronald Reagan and his impact on the U.S. economy, and Kudlow also shared his personal relationship with Reagan while working in his administration. Kudlow and Guy also discussed the latest on Trump's tariff plan and Big Beautiful Bill. Listen to the full interview below! Listen to the full interview below: Peter Doocy, Fox News Channel's Senior White House Correspondent Peter Doocy, Fox News Channel's Senior White House Correspondent, joined us on the Guy Benson Show today to discuss the media's sudden and suspicious coverage of Joe Biden's decline while he was president. Doocy recently brought evidence of his probing on social media, while many other reporters and TV personalities have apologized for their failure to cover the story. Listen to the full interview below. Listen to the full interview below: Jason Rantz, Host of the Jason Rantz Show and Author of 'What's Killing America' Jason Rantz, host of The Jason Rantz Show on KTTH 770AM/94.5 FM in Seattle/Tacoma and author of What's Killing America , joined The Guy Benson Show today to discuss the latest violent outburst by radical leftists in Seattle, this time targeting a group of peaceful Christian worshippers gathered in public. Rantz raised concerns about the city's leadership possibly using protest risks as an excuse to block permits for future Christian events, and why such blockages would lead to an instant lawsuit. Listen to the full interview below. Listen to the full interview below: David Trulio, President and CEO of the Ronald Reagan Presidential Foundation On today's Guy Benson Show, David Trulio, President and Chief Executive Officer of the Ronald Reagan Presidential Foundation and Institute (RRPFI), joined us to discuss the latest events and initiatives offered by the Ronald Reagan Presidential Foundation. Trulio and Guy discussed the latest event at the foundation, the Reagan Economic Forum, and how it came to be. Guy and David also promoted the library Listen to the full interview below:
Forbes
23-05-2025
- Health
- Forbes
Make America Tan Again: 'Big, Beautiful Bill' Burns The Tanning Tax
After Obamacare slapped a 10% tax on tanning bed services, Nicole "Snooki" Polizzi launched her Sunless Tanning Collection. (She's shown here at a 2012 launch event.) Spray-on tans are exempt from the tax, which Republicans now want to repeal. Tucked among the trillions of tax cuts in the House's just-passed 'big, beautiful bill' is the repeal of the tax on indoor tanning services. But before you rush to book a tanning bed appointment, remember that the Senate still has to act on this bill and that dermatologists are no fans of tanning. The tanning tax, a 10% excise tax on indoor tanning services, dates back to 2010. It was part of the Patient Protection and Affordable Care Act—better known as Obamacare. When Congress wants to find money to pay for things that matter to them—like healthcare or tax cuts—they generally have to offset those costs. Sometimes, those offsets are in the form of reduced spending or benefit cuts, but more often than not, they show up as new or increased taxes. That's what happened here. The tax was intended to help pay for the new healthcare law. You can think of an excise tax as being like a sales tax. When it comes to the tanning excise tax, the rules require salons and other businesses providing ultraviolet tanning services to collect a 10% excise tax on the applicable services. Spray-on tans and phototherapy services (those used for medical reasons) are exempt from the tax. And if services are bundled, the portion attributable to tanning is taxable. If, however, the service is part of a gym or other fitness center package that isn't separable, there's no tax payable. The tanning tax was intended not only to raise revenue but also to discourage the use of indoor tanning beds. As a result, it was championed by health organizations, including the American Academy of Dermatology (AADA) and the American Medical Association (AMA). In a 2018 letter to then-House Speaker Paul Ryan (R-Wis.) and then-Minority Leader Nancy Pelosi (D-Calif.), the two joined dozens of other health organizations to oppose a planned repeal of the tanning tax, writing, 'The United States Department of Health and Human Services and the World Health Organization's International Agency of Research on Cancer panel have declared ultraviolet (UV) radiation from the sun and artificial sources, such as tanning beds and sun lamps, to be a known carcinogen (cancer-causing substance).' The letter went on to say that, 'Researchers estimate that indoor tanning may cause upwards of 400,000 cases of skin cancer in the U.S. each year.' The attempted repeal in 2018 eventually failed, as did a previous effort to repeal the tax in 2015. The repeals might have failed on public policy grounds, or more likely, revenue-related results. One of the interesting things about excise taxes that are intended to impact behavior is that if they are successful, the revenue portion shrinks. In other words, if the goal is to curb behavior (other taxes try to reduce smoking, for example) by taxing the behavior, as success rates go up, dollars go down. That's what happened here. The tax was expected to raise $2.7 billion over the first decade. After five years, it had raised less than $500 million. According to the Office of Management and Budget, the feds only collected $92 million from the tax in 2014. Champions of the tax say that's because the tax worked, effectively discouraging the use of tanning beds. But businesses cried foul, claiming that the tax ruined their business. According to IBISWorld, in 2011, there were nearly 85,000 tanning salon establishments operating in the U.S. By 2024, that number had shrunk to less than 21,000. A 2023 National Institutes of Health study suggests that tanning bed behaviors were changing anyway. Concerns about aging and skin care, as well as the health risks, have resulted in a tilt towards self-applied sunless tanning products, such as lotion tanning and spray tanning. Even pop culture caught on. The most-talked-about tanned celebrity of the early naughts—Snooki from MTV's now-defunct reality show, 'Jersey Shore'—lamented after the tax became law, 'I don't go tanning anymore because Obama put a 10% tax on tanning. And I feel like he did that intentionally for us.' Today, you can buy Snooki sunless tanning products online. The planned repeal hasn't gotten a lot of attention. To be honest, I didn't even notice it when I first read through the bill—it's a couple of paragraphs about halfway through the text, stuck between new Form 1099 thresholds and exclusion of interest from income on certain rural and agricultural loans. The bill passed the House earlier this week with the tanning tax repeal still intact. It now moves to the Senate.
Associated Press
22-05-2025
- Automotive
- Associated Press
Eaton and ChargePoint Establish Industry-First EV Charging Partnership
CLEVELAND and CAMPBELL, Calif., May 22, 2025 /3BL/ - Intelligent power management company Eaton, together with ChargePoint, a leading provider of electric vehicle (EV) charging solutions, today announced a collaboration to accelerate and simplify the deployment of EV charging infrastructure in the U.S., Canada and Europe. The companies will integrate EV charging and infrastructure solutions, co-developing new technologies to advance bidirectional power flow and vehicle-to-everything (V2X) capabilities—enabling EVs to act as a power source for homes, buildings and more. Providing a one-stop shop for the EV charging ecosystem, the companies will deliver chargers, electrical infrastructure and engineering services as turnkey offerings enabling the electrification of transportation, from vehicles to chargers to the grid. Eaton and ChargePoint will streamline the purchase, design and deployment of EV charging projects, offering joint solutions that will help customers effectively manage site power requirements, optimize infrastructure and enhance reliability at a reduced cost. Paul Ryan, general manager, energy transition at Eaton, said: 'Customers rely on Eaton to solve their toughest power management challenges. This game-changing partnership will help do just that for vehicle charging—bringing together trusted power distribution and EV charging solutions to simplify electrification at scale.' With Eaton's collaboration, ChargePoint elevates its strategic position as an end-to-end enabler of the EV ecosystem, from grid to vehicle. As EV charging infrastructure matures, core components like chargers and infrastructure must integrate at scale to realize their fullest potential. ChargePoint's work with Eaton and numerous automotive OEMs will enable the seamless integration of chargers, infrastructure and EVs, managed with ease on the ChargePoint cloud software platform. 'Our partnership with Eaton will deliver innovation that addresses the biggest barriers to electrified transportation,' said Rick Wilmer, CEO of ChargePoint. 'Together with Eaton, we will create unprecedented value for institutions that deploy EV charging, accelerating electrification, and decarbonizing the planet in parallel.' Information regarding available EV charging and infrastructure solutions, which address every charging scenario, including fleet, workplace, commercial real estate, fueling and convenience, multifamily, residential and public transportation charging needs, is available here. About ChargePoint Holdings, Inc. ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions. The ChargePoint cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds of thousands of places to charge in North America and Europe. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact the ChargePoint North American press office, or Investor Relations. About Eaton Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we're helping to solve the world's most urgent power management challenges and building a more sustainable society for people today and generations to come. Founded in 1911, Eaton has continuously evolved to meet the changing and expanding needs of our stakeholders. With revenues of nearly $25 billion in 2024, the company serves customers in more than 160 countries. For more information, visit Follow us on LinkedIn. Contact:Kristin Somers+1.919.345.3714 [email protected] Regina Parundik Cobblestone Communications+1.412.559.1614 [email protected] ChargePointJohn Paolo Canton Vice President, Communications [email protected] AJ Gosselin Director, Corporate Communications [email protected][email protected] ### Visit 3BL Media to see more multimedia and stories from Eaton Corporation
Yahoo
21-05-2025
- Automotive
- Yahoo
ChargePoint and Eaton establish industry-first EV charging partnership
CAMPBELL, Calif. & CLEVELAND, May 21, 2025--(BUSINESS WIRE)--ChargePoint (NYSE: CHPT), a leading provider of EV charging solutions, and intelligent power management company Eaton, today announced a collaboration to accelerate and simplify the deployment of EV charging infrastructure in the U.S., Canada and Europe. The companies will integrate EV charging and infrastructure solutions, co-developing new technologies to advance bidirectional power flow and vehicle-to-everything (V2X) capabilities—enabling EVs to act as a power source for homes, buildings and more. Providing a one-stop shop for the EV charging ecosystem, the companies will deliver EV chargers, electrical infrastructure and engineering services as turnkey offerings enabling the electrification of transportation, from vehicles to chargers to the grid. ChargePoint and Eaton will streamline the purchase, design and deployment of EV charging projects, offering joint solutions that will help customers effectively manage site power requirements, optimize infrastructure and enhance reliability at a reduced cost. "ChargePoint's partnership with Eaton will deliver innovation that addresses the biggest barriers to electrified transportation," said Rick Wilmer, CEO of ChargePoint. "Together with Eaton we will create unprecedented value for institutions that deploy EV charging, accelerating electrification, and decarbonizing the planet in parallel." With Eaton's collaboration, ChargePoint now elevates its strategic position as an end-to-end enabler of the EV ecosystem, from grid to vehicle. As EV charging infrastructure matures, core components like chargers and infrastructure must integrate at scale to realize their fullest potential. ChargePoint's work with Eaton and numerous automotive OEMs will enable the seamless integration of chargers, infrastructure and EVs, managed with ease on the ChargePoint cloud software platform. Paul Ryan, general manager, energy transition at Eaton, said: "Customers rely on Eaton to solve their toughest power management challenges. This game-changing partnership will help do just that for vehicle charging—bringing together trusted power distribution and EV charging solutions to simplify electrification at scale." Information regarding available EV charging and infrastructure solutions, which address every charging scenario, including fleet, workplace, commercial real estate, fueling and convenience, multifamily, residential and public transportation charging needs, is available online. ChargePoint and the ChargePoint logo are trademarks of ChargePoint, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners. About ChargePoint Holdings, Inc. ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions. The ChargePoint cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds of thousands of places to charge in North America and Europe. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact the ChargePoint North American press office, or Investor Relations. About Eaton Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we're helping to solve the world's most urgent power management challenges and building a more sustainable society for people today and generations to come. Founded in 1911, Eaton has continuously evolved to meet the changing and expanding needs of our stakeholders. With revenues of nearly $25 billion in 2024, the company serves customers in more than 160 countries. For more information, visit Follow us on LinkedIn. CHPT-IR View source version on Contacts ChargePoint John Paolo CantonVice President, AJ GosselinDirector, Corporate media@ Eaton Kristin Somers+1.919.345.3714Kristincsomers@ Regina ParundikCobblestone Communications+1.412.559.1614Regina@ 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
