Elon Musk: "AI Will Run Out of Electricity ... in 2025"

This AI boom is going to push America's power grid to the brink... Elon Musk even recently said that AI could run out of electricity by 2025. This crisis may just reveal one of the greatest investment ideas we are ever going to find. My research has recently uncovered two companies that could make a massive difference today.

Biden Chief Economic Advisor Promises Relief For Middle Class, Sets Sights On Overturning Corporate Tax Cuts: Report

Nabaparna Bhattacharya
May 11, 2024

President Joe Biden‘s chief economic adviser reportedly vowed that Democrats would seek to overturn Trump’s corporate tax cuts in 2025, sparking a potential clash with the GOP over a tax law with expiring provisions.

“It’s clear we need to end the 2017 tax breaks for the ultra-wealthy and scale back costly permanent corporate tax breaks,” White House National Economic Council Director Lael Brainard said Friday during a speech in Washington, Bloomberg reported. “Our tax system currently asks much less of corporations than it used to.”

Policymakers anticipate significant tax negotiations next year, regardless of election outcomes. Biden aims to raise federal corporate tax to 28%, a compromise between Trump’s 21% and the previous 35%, Bloomberg added.

Individual tax cuts are slated to lapse by 2025, posing potential hikes for all income brackets unless Congress intervenes. Additionally, estate tax limits and business owner deductions, criticized for favoring high earners, will also expire, the report said.

“Any outcome that does not preserve the current tax breaks for the middle class is one that the president wouldn’t be able to accept,” Brainard said at the Brookings Institution.

Biden has vowed no tax hikes for households earning under $400,000 yearly. Brainard confirmed Biden’s backing to renew tax cuts for this bracket, offsetting costs with increased taxes on the affluent and corporations.

“At minimum, we should avoid making the fiscal hole created by Republican tax cuts deeper,” Brainard said. “We should use the 2025 tax debate as an opportunity to raise revenue overall.”

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Read Next: Joe Biden Mocks Donald Trump’s Advice To Inject Bleach: ‘I Wish He Had Done A Little Bit Himself’

Photo: Shutterstock

Continue Reading...

Popular

NATO is deploying eyes in the sky and on the Baltic Sea to protect vital cables. Here's why and how

ABOARD A FRENCH NAVY FLIGHT OVER THE BALTIC SEA (AP) — With , the French Navy surveillance plane scouring zoomed in on a cargo ship plowing the waters below — closer, closer and closer still until the camera operator could make out details on the vessel's front deck and smoke pouring from its chimney.

No, Spain isn't banning tourists. Here's what to know before planning a trip

MADRID (AP) — Spain , making the Southern European nation famous for its Mediterranean coastline, sweeping landscapes and historic cities among the most visited countries on earth.

Love or Hate Him -- You Have To See What Elon Could Do Next - Ad

It's not electric vehicles, green energy or space travel that Elon Musk will be remembered for.

Elon Musk Is 'Kind Of Glad' Many Didn't Pick Up A Tesla FSD Subscription: Here's Why

Tesla Inc CEO Elon Musk said on Wednesday that the company will likely have to update hardware for customers whose vehicles are equipped with an older version of the AI hardware called Hardware 3, for it to achieve fully unsupervised autonomous driving with full self-driving (FSD) driver assistance software.

AI's NEXT Magnificent Seven - Ad

The original Magnificent Seven produced 16,894% average returns over 20 years. But the man who called Nvidia at $1.10 says "AI's next Magnificent Seven could do it even faster." See his breakdown of the seven stocks you should own here.

Cathie Wood Dumps Tesla Stock Ahead Of Q4 Earnings, Ark Invest Loads Up On Amazon

On Tuesday, Jan. 28, 2025 Cathie Wood-led Ark Invest sold shares of Tesla ahead of its fourth-quarter earnings. Wood purchased Amazon shares on the same day.

South Carolina treasurer calls questions of his role in $1.8 billion accounting error a witch hunt

COLUMBIA, S.C. (AP) — South Carolina Treasurer Curtis Loftis said Wednesday that calls for him to resign over that left the state trying to figure out what happened to a $1.8 billion fund amounted to a witch hunt.

Legendary Investor: Buy These "Trump Stocks" Now - Ad

Within the first week of Trump's election, several stocks exploded for double- and triple-digit gains. According to legendary investor Louis Navellier, this is just the beginning of what could be the best four-year period for stocks in U.S. history.

Tesla Likely To Sell Optimus To Rivals In 2026, Elon Musk Says Revenue Potential Of Bot North Of $10 Trillion: 'It's Real Bananas'

Tesla Inc CEO Elon Musk on Wednesday said that the company intends to make several thousand units of its Optimus humanoid robot this year for deployment in its own factory which will inform the next version of the robot slated for launch next year and likely to be sold to rival companies.

Microsoft reports 10% quarterly profit growth as it works to show AI investments paying off

REDMOND, Wash. (AP) — Microsoft Corp. said Wednesday that its profit for the October-December quarter grew 10% from the same time last year as it works to capitalize on the huge amounts of money it has spent to advance its artificial intelligence technology.

More AI Patents Than Nvidia, OpenAI and Tesla Combined? - Ad

Most people have no idea this company exists. That's because it's on the inside of your smartphone, your computer, and everything else... 99% of Americans don't even know its name. Billionaires have been buying this $50 AI stock hand over fist...

Shipments of uranium ore can resume under agreement reached with the Navajo Nation

Shipments of uranium ore from just south of the Grand Canyon are expected to resume in February after the Navajo Nation reached a settlement with the mining company, clearing the way for trucks to transport the ore across the largest Native American reservation in the U.S.

Who can share seeds? As climate change and counterfeits hurt Kenyan farmers, it's a growing question

KIKUYU, Kenya (AP) — Tucked away in a lush, forested area of central Kenya's Kikuyu town, the National Seed Bank stands as a crucial safeguard for the future of the country's agriculture. Inside two chilly rooms of a government building, more than 50,000 seed varieties are cataloged and stored.

Is This Defi Coin Your Next "10-Bagger" Investment? - Ad

Our #1 pick in decentralized finance is largely overlooked by mainstream investors (for now). This governance token could skyrocket as DeFi adoption surges with the smart money and institutions.

Magnificent 7 Earnings Ahead: 3 ETFs To Ride The Wave

Earnings season in full swing, attention on tech giants known as Magnificent 7: 3 ETFs to consider.

Is Bill Gates Missing the Big Picture? - Ad

Bill Gates calls it: "The most transformative technology any of us will see in our lifetimes." Eric Fry agrees, saying it's far more advanced than anything today... including AI. But he also warns it could send millions of Americans into poverty.

Europe's economy showed zero growth at end of 2024 as Germany, eurozone's biggest economy, struggled

FRANKFURT, Germany (AP) — Europe’s economy stagnated at the end of last year as its former growth engine, Germany, finished a second straight year of shrinking output, officials said Thursday.

The $20 Stock Powering NVIDIA, TESLA, and Microsoft - Ad

The biggest AI firms in the world... All rely on this single company. And right now, you can get in for only $20 - but not for long.

China's factory activity contracts in January for the first time in 4 months

HONG KONG (AP) — Manufacturing slowed in China in January for the first time in four months as workers began leaving assembly lines to travel to their hometowns for Lunar New Year holidays.

Donald and Melania Trump Memecoins Outgain Bitcoin, Ethereum Amid Market Lull -- Analyst Says TRUMP Bottomed Out At $25

President Donald Trump‘s meme coin outperformed the broader cryptocurrency market with a double-digit surge on Monday. What happened: The Official Trump (TRUMP) token surged over 10% in the last 24 hours, reaching a market valuation of $5.92 billion and a fully diluted value of $29.62 billion. 

Urgent Bitcoin Alert for Right Now - Ad

"Bitcoin Skimming" could help you multiply Bitcoin gains by up to 22x. Former billion-dollar hedge fund manager Larry Benedict reveals his strategy that everyone needs to understand. And the wild thing? You don't even need to buy, sell, or own Bitcoin to do this.

22X Better Than Bitcoin... Without Crypto - Ad

For every $1,000 made in Bitcoin... you could have made as much as $22,000 with this strategy. legendary former hedge fund manager Larry Benedict calls it "Bitcoin Skimming." And get this... it's CRUSHING Bitcoin's returns. If you want to get in on the ground floor then watch this free interview NOW.

6 Clean Energy Stocks Face Challenges, Opportunities Ahead Of Earnings

Analyst revises ratings/price forecast on clean energy stocks ahead of earnings release. Highlights key areas to watch for each company.

Judge Blocks Trump's Order To Freeze Federal Grant Money

A federal judge in the District of Columbia on Tuesday afternoon temporarily blocked an executive order given by President Donald Trump that imposed a freeze of all federal grants and loans, putting $3 trillion in funding in jeopardy and entire industries on edge. 

JFK, 9/11... And Now This? - Ad

Jim Rickards says we'll never forget April 11, 2025. Jim outlines a crash so terrible it may even have the power to wipe out the checking and savings accounts at your bank... Along with 40% of the market. Jim is one of America's best geopolitical analysts... All you need to know is in a quick summary of his latest book.

Meat and greet: Historic London market counting down the years

LONDON (AP) — Norman Gregory is an institution within an institution. He’s been working at the historic Smithfield wholesale meat market in central London since 1961, witnessing first hand the rapid transformation of the capital over the decades.

Apple Surprises Users With Starlink Beta, Teams Up With Elon Musk's SpaceX And T-Mobile To Bring Satellite Texting For iPhone Users In iOS 18.3

Apple has partnered with SpaceX and T-Mobile to bring Starlink satellite texting to iPhones, with a limited beta test rolling out via iOS 18.3, marking a major step toward expanding connectivity in remote areas.

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

Ozempic Receives FDA Approval To Treat Kidney Disease

The FDA on Tuesday approves Ozempic, the weight loss drug made by Novo Nordisk, for the treatment of chronic kidney disease in patients who also have type 2 diabetes. 

Crypto Stocks Are Heating Up - Ad

At the center of this transformation is a game-changing platform that's experiencing explosive growth with $41 million in revenue in just nine months. The stock has doubled in the last 45 days, but this is only the beginning.

AI-assisted works can get copyright with enough human creativity, says US copyright office

Artists can copyright works they made with the help of artificial intelligence, according to a new report by the U.S. Copyright Office that could help clear the way for the use of AI tools in Hollywood, the music industry and other creative fields.

Firings, freezes and layoffs: A look at Trump's moves against federal employees and programs

CHAPIN, S.C. (AP) — Changeover among federal government agencies is normal when a new administration comes to Washington. But President has implemented in the first days of his second administration, from firing career agency employees to freezing trillions in federal grant funds and halting diversity, equity and inclusion programs that could result in wide-ranging layoffs.

Seven Unknown AI Stocks That Could Dominate the Next Six Years - Ad

The original "Magnificent Seven" stocks generated 16,800% over the last 20 years. But now a new set of AI stocks is set to take over. Alex Green dubs them "The Next Magnificent Seven." And he's arguing that just $1,000 in each could turn into more than $1 million in less than six years.

Robert Kiyosaki Predicts Yet Another Stock Market Crash, Pitches Bitcoin Investments -- Here's What The 'Rich Dad Poor Dad' Author Said

Renowned investor and author Robert Kiyosaki on Monday predicted a major stock market crash in February and advised investors to focus on Bitcoin (CRYPTO: BTC), gold, and silver.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service