Latest news with #StevenHorsford
The Herald Scotland
7 days ago
- Business
- The Herald Scotland
Nine provisions lurking in Trump's tax bill you should know about
The bill is likely to be one of the most important pieces of legislation passed during Trump's second term. The immense pressure from the White House to pass the bill makes it a convenient vehicle for lawmakers to add in their preferred policies and increase their chances of making it into law. Still, the bill is not set in stone: The Senate will start considering the bill next week, and the measure may undergo considerable changes. Here are nine parts of the bill you might not yet know about: Making it easier to ignore court rulings Republicans included a provision in the bill that would restrict judges' ability to hold people accountable for violating court orders. It comes as some judges consider contempt rulings against the Trump administration for bypassing court orders restricting their actions. More: How Trump's clash with the courts is brewing into an 'all-out war' The legislation would bar judges from enforcing contempt rulings if they didn't first order a bond, which is commonly set at zero or not ordered in cases when people are claiming the government did something unconstitutional. Democrats have argued it's a clear attempt to bypass the courts, while Republicans say it's an incentive to stop frivolous lawsuits by requiring plaintiffs to pay in. A ban on regulating AI The bill would allocate $500 million to help modernize government with the help of artificial intelligence - and would prevent states from creating new regulations to shape how AI is used or developed. It also would block dozens of states from enforcing AI regulations and oversight structures they've already implemented. There is now no federal AI regulation to take the place of state policies. More: Trump's 'Big Beautiful Bill' could ban states from regulating AI for a decade Tech industry leaders support the approach, warning that regulation can get in the way of innovation in a new industry. Some Republicans in the Senate, however, have raised concerns that the ban is not a good idea without a federal structure to take its place. Cheaper gun silencers Republicans added a provision to the bill that would get rid of a $200 registration fee for gun silencers that has existed for more than 90 years and removed a requirement for gun owners to register their silencers. More: Trump admin allows devices that let some weapons shoot as fast as machine guns "Who asked for this - was it the assassin lobby?" said Rep. Steven Horsford, D-Nevada, at a hearing on the legislation earlier in May. But Republicans argued that eliminating the fee aligns with the Second Amendment, which protects a right to bear arms, and protects gun users' hearing. Tax-free gym memberships The bill would qualify sports and fitness expenses as qualified medical care, which would allow people to pay for them tax-free through a Health Savings Account. People could spend up to $500 a year on gym memberships through their HSAs, or $1,000 for a married couple. More: Robert F. Kennedy now heads Trump's MAHA commission: What to know The benefit could not be used at "a private club" owned by members, or a facility that offers golf, hunting, sailing or riding facilities. The health and fitness part of the business also couldn't be "incidental to its overall function and purpose." Purple Heart benefits Some people who earned a Purple Heart in the military - the decoration for service members who were wounded or killed in action - would qualify for a new income tax credit under the legislation. Purple Heart recipients who lost a portion of their Social Security disability benefits because they got a job could get a higher Earned Income Tax Credit to make up those lost Social Security benefits. 'Trump accounts' for kids The bill would create new savings accounts dubbed "Trump accounts" in which babies who are born between January 2025 and January 2029 can benefit from a one-time $1,000 payment from the federal government placed in the account. Parents would then be able to contribute up to $5,000 a year. The savings would be invested in a stock fund that would grow with the U.S. stock market. More: After 100 days, one thing is clear: The stock market is leery of Trump's tariffs The child could be able to access a portion of the money when they reach age 18 for things like education, training or buying their first house. They can use the full balance at age 30. Pell grant and student loan changes The bill includes a change to the Pell Grant program, which provides federal aid to low-income students to attend colleges and universities. Right now, students are considered full time and qualify for the maximum amount of aid if they take 12 credits a semester. The bill would change that to 15 credits a semester, which the National College Attainment Network estimated would result in a nearly $1,500 cut in benefits for students who can't increase their course load because of work or caretaking. More: Trump orders shift on student loan management to Small Business Administration It would also end multiple existing programs for people to pay back their student loans, including a Biden-era program that tailored payment requirements to the person's income. It would be replaced with a new fixed-rate program. Charging foreign workers Migrants often move to other countries in part to send money home to their family or community abroad. The United States is the world's largest source of these transfers, known as remittances. The Republican bill would implement a 3.5% tax on those transfers, which must be paid by the person sending the money. It would include an exemption for U.S. citizens and nationals sending money abroad. New immigration fees The GOP proposal would charge new fees for people seeking to immigrate to the United States. Among the proposed fees: $1,000 to request asylum, $550 payments every six months for work authorization, $500 to apply for temporary protected status, $1,000 for undocumented immigrants paroled into the country, and $3,500 to sponsor unaccompanied child migrants.
Yahoo
22-05-2025
- Politics
- Yahoo
Democratic groups launch $14 million investment ahead of 2026 House races
The Democratic group Defend the Vote PAC and Defend the Vote Action Fund announced a $14 million investment ahead of the 2026 midterm elections. The investment includes $10 million from Defend the Vote PAC, which would support House Democrats the group describes as 'pro-democracy champions' through direct contributions, independent expenditures, and targeted get-out-the-vote efforts. Defund the Vote Action Fund's $2 to $4 million investment will support election worker and voter protection efforts, as well as nonpartisan get-out-the-vote activities. The Hill was the first outlet to report on the groups' investments. In addition to their $10 million investment, the Defend the Vote PAC endorsed its first federal candidates of the cycle, including Reps. Yassamin Ansari (D-Ariz.), Adam Gray (D-Calif.), George Whitesides (D-Calif.), Derek Tran (D-Calif.), Joe Neguse (D-Colo.), Jason Crow (D-Colo.), Sarah McBride (D-Del.), Nikema Williams (D-Ga.), Lucy McBath (D-Ga.), Sharice Davids (D-Kan.), Sarah Elfreth (D-Md.), April McClain Delaney (D-Md.), Kristen McDonald Rivet (D-Mich.) Herb Conaway (D-N.J.), Gabe Vasquez (D-N.M.), Susie Lee (D-Nev.), Steven Horsford (D-Nev.), Laura Gillen (D-N.Y.), Pat Ryan (D-N.Y.), Josh Riley (D-N.Y.), Greg Landsman (D-Oh.), Janelle Bynum (D-Ore.), Chris Deluzio (D-Pa.), and Marc Veasey (D-Texas). Defend the Vote PAC says it will also work with candidates to improve their messaging to voters by showing them 'the connection between democracy and economic well being.' 'DTV has been a great partner to Frontline members and the [Congressional Black Caucus]- helping provide key investments and political support as well as bringing important expertise on issues,' said Rep. Steven Horsford (D-Nev.). 'DTV understands the policy and the politics of the moment, which is invaluable to members.' Defend the Vote PAC describes itself as a 'pro-democracy organization.' During the 2024 campaign cycle, the group helped elect 75 percent of its endorsed candidates. Defend the Vote Action Fund is dedicated to supporting efforts to protect election workers and voter access, provide voter education, and hold lawmakers accountable for their commitment to voting rights. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Hill
22-05-2025
- Politics
- The Hill
Democratic groups launch $14 million investment ahead of 2026 House races
The Democratic group Defend the Vote PAC and Defend the Vote Action Fund announced a $14 million investment ahead of the 2026 midterm elections. The investment includes $10 million from Defend the Vote PAC, which would support House Democrats the group describes as 'pro-democracy champions' through direct contributions, independent expenditures, and targeted get-out-the-vote efforts. Defund the Vote Action Fund's $2 to $4 million investment will support election worker and voter protection efforts, as well as nonpartisan get-out-the-vote activities. The Hill was the first outlet to report on the groups' investments. In addition to their $10 million investment, the Defend the Vote PAC endorsed its first federal candidates of the cycle, including Reps. Yassamin Ansari (D-Ariz.), Adam Gray (D-Calif.), George Whitesides (D-Calif.), Derek Tran (D-Calif.), Joe Neguse (D-Colo.), Jason Crow (D-Colo.), Sarah McBride (D-Del.), Nikema Williams (D-Ga.), Lucy McBath (D-Ga.), Sharice Davids (D-Kan.), Sarah Elfreth (D-Md.), April McClain Delaney (D-Md.), Kristen McDonald Rivet (D-Mich.) Herb Conaway (D-N.J.), Gabe Vasquez (D-N.M.), Susie Lee (D-Nev.), Steven Horsford (D-Nev.), Laura Gillen (D-N.Y.), Pat Ryan (D-N.Y.), Josh Riley (D-N.Y.), Greg Landsman (D-Oh.), Janelle Bynum (D-Ore.), Chris Deluzio (D-Pa.), and Marc Veasey (D-Texas). Defend the Vote PAC says it will also work with candidates to improve their messaging to voters by showing them 'the connection between democracy and economic well being.' 'DTV has been a great partner to Frontline members and the [Congressional Black Caucus]- helping provide key investments and political support as well as bringing important expertise on issues,' said Rep. Steven Horsford (D-Nev.). 'DTV understands the policy and the politics of the moment, which is invaluable to members.' Defend the Vote PAC describes itself as a 'pro-democracy organization.' During the 2024 campaign cycle, the group helped elect 75 percent of its endorsed candidates. Defend the Vote Action Fund is dedicated to supporting efforts to protect election workers and voter access, provide voter education, and hold lawmakers accountable for their commitment to voting rights.
NBC News
03-04-2025
- Business
- NBC News
Meet the Press NOW — April 3
President Trump's tariff announcement sends shockwaves through the global markets. Rep. Steven Horsford (D-Nev.) discusses Democrats' strategy to push back against the executive branch amid the tariff turmoil. Rep. Mike Lawler (R-N.Y.) calls the president's tariffs a 'negotiating tool.'
NBC News
03-04-2025
- Business
- NBC News
Trump's tariffs are ‘taxes' and are ‘hurting the American people,' says Democratic lawmaker
Rep. Steven Horsford (D-Nev.) joins Meet the Press NOW to discuss the fallout from President Trump's sweeping tariffs. He calls the tariffs a 'tax' that will cause Americans to pay 3, 2025
