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Time of India
3 hours ago
- Automotive
- Time of India
Tesla Takedown protesters not going home as yet, calls Elon Musk's DOGE exit: Billionaire brats having a ...
Protests targeting Tesla and SpaceX CEO Elon Musk persist despite his recent exit from leading the Department of Government Efficiency (DOGE) and a public feud with President Donald Trump over Trump's sweeping tax and domestic policy legislation, dubbed the 'The One Big, Beautiful Bill,' according to a report by CNN. Musk, who donated $288 million to Trump's 2024 campaign, labeled the bill a 'disgusting abomination' shortly after stepping down from DOGE, his federal cost-cutting initiative. The dispute escalated The Tesla Takedown movement shows no signs of slowing, despite Musk's DOGE exit, his clash with Trump, and Tesla's declining sales and stock value. After Musk's departure, the movement's Bluesky account called for protests on June 28, Elon Musk's birthday, to 'recommit to the fight.' What is Tesla Takedown movement The Tesla Takedown movement urges people to 'sell your Teslas, dump your stock and join the picket lines' to 'help save lives and protect our democracy,' per its website. Tesla's sales dropped 13% in the first quarter of 2025, the largest decline in its history, while its stock (TSLA) fell about 14% this week, down nearly 47% from its December 18 peak of $488.54. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Halle: GEERS sucht 700 Testhörer vor 1972 geboren GEERS Undo The Tesla Takedown movement, which began in mid-February during Musk's DOGE tenure, organized 60 demonstrations outside Tesla showrooms on Saturday (May 7) in cities including Delray Beach, Florida; Louisville, Kentucky; and Decatur, Georgia. In Washington, DC's Georgetown neighborhood, about 30 protesters gathered at 11:30 a.m. ET outside a Tesla showroom despite rainy weather, a smaller turnout than the 200 who protested the previous week in Rockville, Maryland. Local co-organizers Melissa Knutson and Sara Steffens attributed the lower attendance to weather and competing Pride Month events. 'This is not over because (Musk) decided to go home with his tail between his legs,' Knutson told CNN, emphasizing the movement's resolve. 'We are tired of the billionaire takeover and we are not letting up,' Knutson added. Elon Musk on Tesla Takedown protests Elon Musk has said that Tesla Takedown movement is funded by dark money groups tied to political operatives. In a remote interview last month with Bloomberg's Qatar Economic Forum, Musk decried violent protests and people burning him in effigy and Tesla cars, saying many of them deserve to be imprisoned. "It's not fine to resort to violence," he said, calling it "evil" to damage someone's car or threaten him personally. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Yahoo
22-05-2025
- Politics
- Yahoo
House Republicans Kill Provision to Sell Public Lands
Republican House leaders have pulled a controversial provision from the federal budget bill that would have required the sale or transfer of some 500,000 acres of federal public land in the West. Late this afternoon, leadership of the House Rules Committee removed the provision through a mechanism called a 'manager's amendment' after being pressured by maverick House Republicans. 'This was my San Juan Hill,' said Montana Republican Ryan Zinke in a press release. 'I do not support the widespread sale or transfer of public lands. Once the land is sold, we will never get it back. God isn't creating more land. Public access, sportsmanship, grazing, tourism… our entire Montanan way of life is connected to our public lands.' The land-sale amendment to the House Natural Resources budget has inflamed conservationists and threatened to be a motivating election issue for hunters, anglers, and outdoor recreationists. The provision was stripped after at least six Western Republicans, led by Zinke, said they wouldn't support the budget if it contained the land-sale amendment. The amendment from Nevada Republican Mark Amodei and Utah Republican Celeste Maloy, slipped into the budget at the last minute earlier this month, at first seemed to call for selling about 11,000 acres in southern Utah. Then details emerged that it also included a requirement to sell or trade another 500,000 acres in Nevada. Conservationists and public land advocates worried that if Congress established a precedent for selling federal lands with no public process or clear understanding of the acreages involved, the pattern could continue with wholesale sales of public lands elsewhere. 'I think every hunter in America was calling their [Congress] member with a note that said 10 days ago this was 11,000 acres for housing. Then it was 350,000 acres. Then 500,000 acres,' says David Willms, vice president for public lands for the National Wildlife Federation. 'They were saying maybe we shouldn't be including something in [budget] reconciliation at the eleventh hour if no one actually knows how much land is at stake, and that blindsided the public. They were telling their congressmen, 'Pull it.'' The land-sale provision threatened to derail The One Big, Beautiful Bill Act, the mega-bill that contains President Trump's spending priorities and a permanent tax cut. The bill is projected to increase the national deficit by up to $4 trillion while reorienting many federal agencies missions and capabilities. While the toxic land-sale amendment is out of the budget bill, which will go to the full House for a floor vote later this week, it could be inserted back into the bill when it goes to the Senate. Utah Republican Mike Lee, the chairman of the Senate Energy and Natural Resources Committee and a staunch champion of selling or transferring federal land to the states, is among several senators who could revive the amendment. Congressional leaders have said they want to pass the budget by Memorial Day. Any substantive revision on the Senate side would require concurrence from the House, and that might push passage past the holiday. 'We extend our deep appreciation to Representative Ryan Zinke and Representative Mike Simpson for publicly opposing language in the House budget reconciliation bill that would sell off and sell out our public lands legacy,' said Kaden McArthur, Backcountry Hunters & Anglers director of policy and government relations, in a prepared statement. 'As the Senate considers a budget reconciliation bill, hunters and anglers across the nation must continue the groundswell of opposition to public land sales so it is understood that this issue is a line in the sand that we will not allow to be crossed.' Editor's Note: A previous Outdoor Life story referenced a report from onX stating that approximately 1.5 million acres would be sold if the budget amendment were passed. However that report was inaccurate. The true number of acres that were up for disposal was approximately 500,000.
Newsweek
13-05-2025
- Business
- Newsweek
No Tax on Overtime Details Revealed as GOP Tax Bill Moves Forward
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Donald Trump's campaign promise to eliminate taxes on overtime pay could finally be fulfilled as part of a sweeping bill presented by House Republicans on Monday and set to be taken on by the Ways and Means Committee on Tuesday. The plan, dubbed "The One Big, Beautiful Bill," would also extend some of the tax cuts Trump signed in 2017 which are set to expire at the end of this year. Why It Matters During his 2024 presidential campaign, Trump proposed several tax cuts for Americans, including exemptions for income earned from overtime work, tipped income, and Social Security benefits. The president has claimed that eliminating the tax on overtime work would be "an incentive to work" and help companies attract employees, but some economists have expressed concern over the loss in revenues for the federal government and the disrupting impact on the labor market. What To Know Under the Fair Labor Standard Act (FLSA), Americans who work beyond their typical 40-hour workweek are entitled to receive at least 1.5 times their standard pay rates for every extra hour of labor. This extra pay is currently subject to federal income tax—something that Trump would like to change. According to the proposed tax bill unveiled by House Republicans on Monday, which comprises almost 400 pages, the federal income tax on overtime pay could be temporarily eliminated between the tax years 2025 through 2028. The tax exemption for overtime pay, if enacted, would only apply to income taxes, and not payroll taxes, and would be subject to income restrictions. A work-eligible Social Security number would be required to claim the deduction. Under a bill introduced by Sens. Roger Marshall (R-Kansas) and Tommy Tuberville (R-Alabama) on May 6, the Overtime Wages Tax Relief Act, individual workers would be able to deduct up to $10,000 in overtime pay, while married couples would be able to deduct up to $20,000. The break would phase out high-earners once individual adjusted gross income reaches $100,000 or a married couple's income reaches $200,000. A view of the U.S. Capitol building on May 7, 2025, in Washington, D.C. A view of the U.S. Capitol building on May 7, 2025, in Washington, D.C. OLIVER CONTRERAS/AFP via Getty Images Several economists and policymakers have warned that such tax cuts as the ones promised by Trump during his presidential campaign could have a negative impact on the country's economy, inflating the U.S. debt and shrinking the federal government's revenues. House Republicans have promised to find some $1.5 trillion-$2 trillion in cost savings in other areas to offset the cost of the tax cuts they are trying to enact, while Trump has said that tariffs would cover the cost of the tax cuts. The proposed bill also raises the debt limit by $4 trillion, a move that Congress would need to approve before going into recess in August in order to prevent default. The country currently has a debt of over $36 trillion. The Joint Committee on Taxation (JCT) estimated that the proposed House GOP plan could cost $5 trillion over ten years. What People Are Saying Ways and Means Chairman Jason Smith said in a press release: "This bill delivers on what Americans voted for with President Trump's promise to put America First—with tax policies that reward hard work, bring jobs back home, increase opportunity, and rebuild the economy for the working class." He added: "It puts the interests of low-income, working families ahead of the wealthy by expanding tax relief to those who need it the most—including the President's priorities of no tax on tips and overtime pay and additional relief for America's seniors. Small businesses and family farmers will benefit from the certainty provided so they can invest in their futures and grow jobs." President Donald Trump wrote on X: "We will work together on any and all outstanding issues, but there shouldn't be many—The Bill is GREAT. We have no alternative, WE MUST WIN!" Sen. Roger Marshall said: "Everything is possible under President Trump. We have to get his 'One, Big, Beautiful Bill' across the floor, and we have to prioritize President Trump's priorities, which include this no-tax-on-overtime legislation." House Speaker Mike Johnson told Fox News: "We can put it all together, one big up-or-down vote, which can save the country, quite literally, because there are so many elements to it." Treasury Secretary Scott Bessent recently told reporters: "We've got three legs to the president's economic agenda—trade, tax, and deregulation—and we hope that we can have this tax portion done by Fourth of July." What Happens Next To become reality, the measure to temporarily eliminate the federal income tax on overtime work must be approved by both the House and the Senate and then signed into law by Trump. If passed by the House, where the Republican Party has a slim majority, the Senate could use the budget reconciliation process to pass the bill with a simple majority of 51 votes, avoiding the requirement for 60 votes and the filibuster. The Trump administration hopes the plan will be enacted by July 4.
