Latest news with #EdwardKelly
CBS News
16-07-2025
- General
- CBS News
Deadly Gabriel House fire prompts agreement to add staffing at Fall River Fire Department
Officials announced Wednesday that the fire at the Gabriel House assisted living home in Fall River, Massachusetts that killed nine people led to an agreement to make staffing additions to the Fall River Fire Department. Nine people over 60 years old died late Sunday night when the fire broke out. Another 30 people were hurt, and two remain in critical condition as of Wednesday afternoon. The day after the fire, the firefighters' union said the Fall River Fire Department was understaffed. Edward Kelly, the general president of the International Association of Fire Fighters, said that if the department had been staffed properly, there would have been eight more firefighters on scene. The recommendation by the National Fire Protection Association is four firefighters per fire engine. Fall River operated with three until the agreement was reached. On Wednesday, Kelly, Fall River Mayor Paul Coogan, and Fall River Fire Chief Jeffrey Bacon held a press conference to announce that negotiations led to an increase of $1.5 million to the fire department budget. Ten firetrucks go out per shift, as currently only two have the minimum staffing standard of four firefighters. As of 5:30 p.m. on Wednesday, that will increase to six trucks with four firefighters. Bacon said in the short term, the gap will be filled with overtime because it takes 9 to 12 months to complete the hiring process. But over the next two years, Bacon expects the department will hire 15-20 firefighters. "We wanted to make sure we had the funding necessary. And in conversations with both the governor and our congressmen, there's a light at the end of the tunnel that I believe will help us and if it isn't, we have the funds available to do this. That was the issue back and forth," Coogan said. Kelly said maintaining minimal staffing levels is "critically important to public safety and firefighter safety." "I want to commend Mayor Coogan for stepping up and moving us in the right direction, making sure that we are bringing up those staffing levels significantly in the city," Kelly said. "It doesn't get us to where we want to be, but we're committed to work with the mayor, with the City of Fall River, with the fire chief, with our federal and state partners to make sure this gets done." Bacon said staffing has been a top concern since his first interview for the job when he met Coogan. "That will allow us to effect faster fire suppression efforts, faster rescues, and allow our firefighters to work safer, which in turn makes every citizen of the city safer," Bacon said.
New York Post
28-06-2025
- Politics
- New York Post
Top US firefighters union rave in video about Trump's ‘big beautiful bill'
President Trump's 'big beautiful bill' would be a much-needed financial windfall for firefighters — and can't be passed quickly enough, a top union representing New York's Bravest and smoke eaters nationwide says in a new video. Honchos from the International Association of Fire Fighters rave about how the multitrillion-dollar bill's historic tax cuts – including ending taxation of overtime – will help working families nationwide, especially its 350,000 members, in a video released by The White House and reviewed by The Post. 'We believe that this bill is going to impact the lives of working families all throughout the United States, in particular our seniors, with tax breaks on Social Security as well as our hard working firefighters throughout the United States that are putting in excess overtime,' says IAFF General President Edward Kelly in the minute-long segment. Advertisement 4 President Trump's 'big beautiful bill' would be a much-needed huge financial windfall for firefighters nationwide, and it can't be passed quickly enough, a top union rep said in a new video. Ken Cedeno/UPI/Shutterstock Chris Bartley, the IAFF's political program coordinator, says Trump's 'plan to stop taxing overtime would be a great benefit to our firefighters, where they can keep more money that they've actually earned.' And Scott Robison, the IAFF's deputy director, praises the commander-in-chief for 'easing the burden on working firefighters' by offering up to $8,000 in tax credit for child care and in-home service. Advertisement 'Our nation's brave firefighters put their lives on the line to protect our families and communities, working long hours in the middle of the night and are away from their families several days at a time,' said White House spokesperson Taylor Rogers. 4 'We believe that this bill is going to impact the lives of working families all throughout the United States, in particular our seniors, with tax breaks on Social Security as well as our hard working firefighters throughout the United States that are putting in excess overtime,' says IAFF General President Edward Kelly. The White House 4 Chris Bartley, the IAFF's political program coordinator, says Trump's 'plan to stop taxing overtime would be a great benefit to our firefighters, where they can keep more money that they've actually earned.' The White House 4 The Uniformed Firefighters Association, which represents FDNY firefighters, is part of the IAFF. Helayne Seidman Advertisement 'Firefighters across the country support The One, Big, because it delivers on many of the signature campaign promises – providing the largest tax cuts in history, including 'No Tax on Overtime.' Delivering on these promises is the least lawmakers could do for these American patriots.' The Uniformed Firefighters Association, which represents FDNY firefighters, is part of the IAFF. Senate GOPers are working throughout the weekend to pass the tax-and-spending megabill, with an 'aspirational' vote expected to start at noon Saturday.
Yahoo
25-06-2025
- Business
- Yahoo
Costco's momentum may cool as tailwinds cycle, says Wells Fargo
Costco's (COST) comparable sales have been exceptionally strong, but the pace may start to moderate as major tailwinds from the past year begin to cycle, Wells Fargo analyst Edward Kelly tells investors in a research note. Gold and gift card sales alone may have contributed over 100 basis points to U.S. comps, though several other factors are also at play, the firm says. Wells has an Equal Weight rating and $1,000 price target on Costco shares. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on COST: Disclaimer & DisclosureReport an Issue Tesla, Broadcom, Costco, Energy Transfer, Snap: Insider Stock Shakeup! JPMorgan, Plug Power, Costco, UnitedHealth, Strategy: Insider Moves Unveiled Costco (COST) Offers Its Executive Members a Series of New Perks Costco executive members to get monthly same-day delivery credit from Instacart Costco Announces Leadership Change in Accounting Roles
Yahoo
17-06-2025
- Business
- Yahoo
No tax on overtime: Senate GOP's bill could limit proposed tax break
(NEXSTAR) — Last month, the House passed the 'One Big Beautiful Bill Act,' a legislative package that combines tax breaks, spending cuts, border security funding and other priorities central to President Trump's agenda. On Monday, Americans got a glimpse at the Senate GOP's version of the 'big, beautiful bill' when the Finance Committee unveiled portions of its provisions. Broadly speaking, the committee's version of the budget bill would make permanent many of the core elements of the 2017 tax cuts while scaling back additional cuts from the House's version, The Hill explained Monday. Among the provisions outlined by Senate Republicans is one targeting taxes on overtime pay. In the House bill, the tax break would remove income taxes on the overtime pay premium for over 80 million hourly workers. For qualifying overtime, this would be a temporary full deduction of the overtime pay employees receive, ending after 2027. No taxes on overtime pay: What to know about tax break in GOP budget bill Under the current version of the Senate's bill, however, overtime pay would be deductible up to $12,500 or $25,000 for joint filers through 2028, The Hill reports. Tax breaks on tipping and car loan interest would also be capped. A scaled-back take on the 'One Big Beautiful Bill' isn't much of a surprise; some Senate Republicans had expressed frustration over the legislation, saying it needed deeper cuts. It's worth noting that, if the no-tax-on-overtime provision remains in the bill, it would not give way to a larger paycheck after working extra hours. Instead, because it is a deduction, employees would claim the overtime pay on their taxes during the following year. Qualifying for overtime pay may even be difficult, depending on an employee's work industry. Firefighters, for example, have to work 53 hours a week before qualifying for overtime, Edward Kelly, general president for the International Association of Fire Fighters, said in a statement obtained by NBC News last month. The Tax Foundation said last year that exempting overtime from income tax, then a campaign promise of Trump's, could encourage more employees to want to work overtime hours. It could, similarly, cause employers to 'be more aggressive to contain overtime requests as total labor costs rise.' The Congressional Budget Office warned that exempting overtime pay from income taxes could lead to $124 billion in lost tax revenue. Bill could make federal minimum wage $15: The states paying less than that It's too soon to say how fast the bill could pass in the Senate, and what tweaks could be made. Trump's big bill is the centerpiece of his domestic policy agenda, a hodgepodge of GOP priorities all rolled into what he calls the 'beautiful bill' that Republicans are trying to swiftly pass over unified opposition from Democrats — a tall order for the slow-moving Senate. Fundamental to the package is the extension of some $4.5 trillion in tax breaks approved during Trump's first term, in 2017, that are expiring this year if Congress fails to act. There are also new ones, including no taxes on tips, as well as more than $1 trillion in program cuts. After the House passed its version, the nonpartisan Congressional Budget Office estimated the bill would add $2.4 trillion to the nation's deficits over the decade, and leave 10.9 million more people without health insurance, due largely to the proposed new work requirements and other changes. The Associated Press contributed to this report. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Hill
17-06-2025
- Business
- The Hill
No tax on overtime: Senate GOP's bill could limit proposed tax break
(NEXSTAR) — Last month, the House passed the 'One Big Beautiful Bill Act,' a legislative package that combines tax breaks, spending cuts, border security funding and other priorities central to President Trump's agenda. On Monday, Americans got a glimpse at the Senate GOP's version of the 'big, beautiful bill' when the Finance Committee unveiled portions of its provisions. Broadly speaking, the committee's version of the budget bill would make permanent many of the core elements of the 2017 tax cuts while scaling back additional cuts from the House's version, The Hill explained Monday. Among the provisions outlined by Senate Republicans is one targeting taxes on overtime pay. In the House bill, the tax break would remove income taxes on the overtime pay premium for over 80 million hourly workers. For qualifying overtime, this would be a temporary full deduction of the overtime pay employees receive, ending after 2027. Under the current version of the Senate's bill, however, overtime pay would be deductible up to $12,500 or $25,000 for joint filers through 2028, The Hill reports. Tax breaks on tipping and car loan interest would also be capped. A scaled-back take on the 'One Big Beautiful Bill' isn't much of a surprise; some Senate Republicans had expressed frustration over the legislation, saying it needed deeper cuts. It's worth noting that, if the no-tax-on-overtime provision remains in the bill, it would not give way to a larger paycheck after working extra hours. Instead, because it is a deduction, employees would claim the overtime pay on their taxes during the following year. Qualifying for overtime pay may even be difficult, depending on an employee's work industry. Firefighters, for example, have to work 53 hours a week before qualifying for overtime, Edward Kelly, general president for the International Association of Fire Fighters, said in a statement obtained by NBC News last month. The Tax Foundation said last year that exempting overtime from income tax, then a campaign promise of Trump's, could encourage more employees to want to work overtime hours. It could, similarly, cause employers to 'be more aggressive to contain overtime requests as total labor costs rise.' The Congressional Budget Office warned that exempting overtime pay from income taxes could lead to $124 billion in lost tax revenue. It's too soon to say how fast the bill could pass in the Senate, and what tweaks could be made. Trump's big bill is the centerpiece of his domestic policy agenda, a hodgepodge of GOP priorities all rolled into what he calls the 'beautiful bill' that Republicans are trying to swiftly pass over unified opposition from Democrats — a tall order for the slow-moving Senate. Fundamental to the package is the extension of some $4.5 trillion in tax breaks approved during Trump's first term, in 2017, that are expiring this year if Congress fails to act. There are also new ones, including no taxes on tips, as well as more than $1 trillion in program cuts. After the House passed its version, the nonpartisan Congressional Budget Office estimated the bill would add $2.4 trillion to the nation's deficits over the decade, and leave 10.9 million more people without health insurance, due largely to the proposed new work requirements and other changes. The Associated Press contributed to this report.
