Republican Presidential candidate former President Donald Trump speaks during a campaign rally at Mohegan Sun Arena at Casey Plaza in Wilkes-Barre, Pennsylvania, Aug. 17, 2024.
Michael M. Santiago | Getty Images
Former President Donald Trump is countering the kickoff of the Democratic National Convention, and Vice President Kamala Harris’ recently unveiled economic agenda, by laying out his own plan to boost the U.S. economy, the Republican’s campaign said Monday.
The announcement is just the latest indication of the Trump campaign’s efforts to refocus his message on policy after Harris became the Democratic nominee, neutralizing many of Trump’s attack lines against his former opponent, President Joe Biden.
Trump will announce a plan “to unleash American energy and lower costs for American families,” the campaign said in a press release Monday morning.
That agenda includes preserving the tax cuts he signed into law in 2017, the release said. Those reforms are set to expire after 2025.
Trump more recently has championed a slew of tax-cutting measures, including eliminating taxes on service workers’ tips and ending taxes on Social Security for seniors.
He has also promised to slash Americans’ energy prices in half, and he recently suggested implementing sweeping tariffs of up to 20% on imported goods.
He has not detailed how these policy goals will be implemented or how they will be paid for. The Constitution gives Congress the power to levy taxes, meaning any plan to overhaul the tax code will have to go through the legislative branch.
Read more about the 2024 Presidential Elections
Trump is scheduled to hold an economy- and energy-focused campaign event at an equipment manufacturer in York, Pennsylvania, on Monday at 3 p.m. ET.
Trump’s running mate, Sen. JD Vance of Ohio, will also speak about energy and the economy earlier Monday afternoon, in Philadelphia, the Trump campaign said.
The bulk of Monday’s press release was focused on attacking Harris, rather than outlining Trump’s economic agenda.
Among other claims, the campaign accused Harris of wanting to let the Trump-era tax cuts expire and of seeking to ban gas-powered cars.
Both accusations included links to articles from 2019, when Harris was a Democratic presidential candidate. The Biden administration does not seek to ban the sale or ownership of cars with traditional gas engines.
The Trump and Harris campaigns have each claimed that the other’s plans would raise costs on average Americans.
“Donald Trump may hope that no one notices his plan to increase costs on middle- and working class Americans while he lies about Vice President Harris’ agenda, but he needs to be held accountable for it,” said Brian Nelson, a Harris campaign senior policy advisor, in a statement to CNBC.
Nelson’s statement cited a recent study from the Center for American Progress Action Fund, a progressive advocacy group, that Trump’s tariff plans would amount to a $3,900 tax increase on middle-income families.
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Trump delivered a speech in North Carolina last week billed as remarks on how he would handle the economy if given a second term in the White House. But his attention frequently strayed and he spoke at length about immigration and other issues, while lobbing personal insults at Harris.
At a press event at his New Jersey golf club days later, Trump spoke in front of tables filled with grocery items that were put on display to demonstrate how prices have risen during the Biden years. But he once again veered far off topic.
Leading electric vehicle analyst, author, and industry thought leaders Loren McDonald and Bill Ferro stop by Quick Charge to discuss EV Adoption’s acquisition by Paren, the “crisis” of EV charging reliability, and the real state of the EV market.
Depending on who you listen, EVs are either driving brands to record growth and are about cross that critical 10% of the overall market nationwide, or the future is bleak, the market is down, and EVs just aren’t selling. What’s really going on? Loren and Bill (probably) have some answers.
Today’s episode is sponsored by BLUETTI, a leading provider of portable power stations, solar generators, and energy storage systems. For a limited time, save up to 52% during BLUETTI’s exclusive Black Friday sale, now through November 28, and be sure to use promo code BLUETTI5OFF for 5% off all power stations site wide. Click here to learn more.
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Chevy EV owners in Texas who have Reliant as their electric utility can now charge for free at night with renewable energy.
Over 150 Chevrolet dealerships across Texas are now offering the Reliant Free Charge Nights plan to new EV buyers. With Free Charge Nights, customers can offset their charging costs by receiving credits for electricity used between 11 pm and 6 am. The plan is powered entirely by renewable energy, thanks to the purchase of renewable energy certificates (RECs).
Rasesh Patel, president of NRG Consumer, says the plan is about making power personal: “We’re excited to help Chevrolet EV drivers offset the cost of charging their vehicle all while having access to a renewable electricity plan.”
This collaboration aims to make EV adoption more appealing by making charging cheaper and greener. GM Energy’s chief revenue officer, Aseem Kapur, emphasized that partnerships like this help build the ecosystem needed to support an all-electric future: “The Reliant Free Charge Nights plan is a great example of how an automaker and an energy company can work together to make EV adoption an easy decision.”
Existing Reliant customers can also sign up for the Free Charge Nights plan. To get started, Chevrolet EV owners need to designate their vehicle on the GM Energy Smart Charging Portal before enrolling in the plan.
Reliant Energy, a subsidiary of NRG Energy, serves over 1.5 million customers in Texas, making it one of the largest electricity providers in the state.
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Texas is about to get a major power boost – a new AI-powered virtual power plant (VPP) delivering capacity equivalent to 200,000 homes during peak demand.
NRG Energy is teaming up with Renew Home to bring nearly 1 gigawatt (GW) of capacity to the Texas grid by 2035, aiming to make it more resilient while helping residents save on energy costs.
The new VPP will rely on hundreds of thousands of smart thermostats and other connected home devices, making use of AI technology provided by Google Cloud. These devices, like Vivint and Nest smart thermostats, will be offered to eligible customers at no cost. By automating HVAC adjustments, they help shift energy use to when electricity is cheaper, cleaner, and less strained.
NRG and Renew Home have big plans for the VPP. Starting in spring 2025, the companies plan to roll out the program across Texas, installing these smart thermostats in homes served by NRG’s retail electricity providers. Eventually, they plan to add home battery storage and EVs to expand the power plant’s capabilities.
Texas has faced record-breaking energy demands, with peak usage hitting 85 GW in 2023. As the state’s population grows and extreme weather becomes more frequent, VPPs like this one could play a key role in stabilizing the grid. VPPs aggregate a lot of small-scale energy resources, from smart thermostats to home batteries, and use them to help balance supply and demand during times of high stress on the grid.
This nearly 1 GW VPP will be one of the largest of its kind in Texas. NRG’s president of consumer operations, Rasesh Patel, calls it a “pivotal step” for improving customer experience while making Texas’ energy infrastructure more sustainable and resilient.
In addition to Renew Home, NRG is working with Google Cloud to maximize the power plant’s effectiveness. Google Cloud’s AI and analytics tools will help predict weather conditions, forecast renewable generation, and optimize energy usage, all of which will help make energy management smoother for both customers and the grid.
Ben Brown, CEO of Renew Home, said:
NRG’s commitment to creating a more resilient and sustainable energy future while also making electricity bills more affordable makes them an ideal partner for co-developing this unique VPP program.
This initiative raises the bar for future-proofing our electricity infrastructure and delivering cost savings to customers.
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