A truly prosperous American economy is one that is diversified, driven by innovation, and works for all people. I believe that to achieve this across the country, we must embrace technology and use it as a vehicle to put people to work. I support advanced American manufacturing as well as a nationwide investment in high-tech apprenticeships and worker training programs.
Empowering a strong middle class will require an economy that benefits everyone, not just those at the top. And this starts by making good, technology-based jobs available and accessible across America. Enrico Moretti, a Berkeley economist, found that for every tech job, five other new jobs are created. This multiplier effect creates important service jobs such as baristas, doctors, lawyers, and dry cleaners, among many others.
I believe that working families are the backbone of this country, and that’s why I have made lifting them up a central part of my agenda. I am introducing a more than $1 trillion expansion of the earned income tax credit (EITC) that would provide a much-needed boost to American families to make up for wages lost to inflation over the past four decades.
I also support paid family leave, training programs for mid-career workers, and increasing the hourly minimum wage to $15. It is vital that we fight for working families, because they are the incubator of the American dream.
Consumer protection laws are Americans’ first lines of defense against unethical companies. These laws hold big corporations accountable and prevent harm to consumers. I support legislation that protects consumers and will oppose any bill to defund the Consumer Financial Protection Bureau.
Data breaches of major credit reporting bureaus demonstrate we need stronger laws to prevent situations like this from happening again. When you apply for a mortgage, credit card, auto loan, or almost anything having to do with credit, a company will check your credit report provided by the three private credit reporting companies.
What you can do to protect yourself
If you have a credit report, it is likely that your personal information was compromised by the Equifax data breach. Please take the time to go through the resources below and take the steps required to keep your identity safe.
- The Equifax Data Breach: What To Do (Federal Trade Commission)
- Identity Theft Protection Guide (Consumer Financial Protection Bureau)
- Top 10 ways to protect yourself in the wake of the Equifax data breach (CFPB)
- For Servicemembers: How to protect your identity (CFPB)
- Equifax isn’t calling (FTC)
What I am doing to protect you
In the wake of this disastrous breach of data and trust, I have signed onto the following bills that will help Americans respond to the Equifax hack now and protect your financial future.
- Credit Information Protection Act – Requires any credit reporting agency that suffers a data breach to allow consumers to initiate a security freeze on their information free of charge.
- Cyber VICTIM Act – Directs the President of the United States to designate a federal official as the Interagency Cyber Victim Response Coordinator.
- Personal Data Notification and Protection Act – Requires that companies and the FTC work together to notify affected individuals within 30 days of the discovery of a breach of sensitive personal information.
Click here to learn more about the bills that I introduced and cosponsored.
Read my op-ed in the Sacramento Bee on making the economy fairer for working families.
Read my op-ed in the Washington Post on how to improve U.S. manufacturing.
More on Economy
Earlier this year, a casual reader would have seen headlines declaring that the economy is booming in certain big, coastal cities like San Jose or Boston. The business sector also had articles reporting “Stocks finish at record highs” and “S&P 500 has best start to a year.” There is no doubt that our nation’s wealthiest have done well.
RO KHANNA, the Silicon Valley member of Congress who has been pushing the boundaries of progressive policy in the House, is wading into the debate over a federal job guarantee with a new draft bill.
Silicon Valley’s representative, Ro Khanna (D-CA), has now formally requested that the House Energy & Commerce Committee invite AT&T CEO Randall Stephenson to appear before it and explain how his company’s retainer of Trump’s personal attorney in 2017 doesn’t constitute influence buying.
Over the past two months, the progressive wing of the Democratic Party has made a rather dramatic leftward shift on several key issues, creating a new consensus around policies to the left of anything the Bernie Sanders or Hillary Clinton campaign proposed in 2016.
Among the most buzzed-about policies is a universal job guarantee, which would ensure every American the right to a job no matter what the state of the economy. In April alone, three Democratic senators and rumored 2020 presidential contenders all endorsed the idea.
Democratic Congressman Ro Khanna, who represents Silicon Valley, is working on a bill aimed at boosting the middle class by tackling wage stagnation. The bill would massively expand the 'Earned Income Tax Credit' program, with refunds of up to $12,000 in some cases. Since 1975, both parties have broadly supporting this work-conditional program that refunds a portion of the beneficiary's federal tax payments. Though in recent years, as wages have stagnated and inflation has raised prices, critics have argued that the value of the refund has diminished beyond its original intent.
Jawan Thompson still sounds incredulous at his luck: He has a job, and a good job.
Dozens of Silicon Valley executives are scheduled to descend on the White House for a summit meeting Thursday to discuss how artificial intelligence can be used to strengthen the economy.
“I think the big question is ‘what are the new jobs going to look like?’” said Representative Ro Khanna, a Democrat from California’s tech-heavy 17th district.
Rep. Ro Khanna, a Democrat who represents Silicon Valley, wants AT&T’s CEO, Randall Stephenson, to appear before Congress and explain why his company retained the services of Essential Consultants–the law firm of Donald Trump’s personal attorney Michael Cohen–in early 2017 as Trump was preparing to take office.
“I plan to speak to my colleagues on the Energy & Commerce committee to see how we can get the CEO to explain himself to the American people,” Khanna tells Fast Company Wednesday evening.
US Representative Ro Khanna (D-California) represents much of Silicon Valley, but he’s not just a cheerleader for the hometown industry. He supports tougher antitrust review of tech mergers, for one thing. Khanna is also trying to draft an “Internet Bill of Rights,” principles that he hopes can later form the basis of legislation. On his list: the right to know what data tech companies have about you; the right to limit the use of your data; the right to consent when the data is transferred; and the right to move your data.
U.S. Congressman Ro Khanna, of California’s 17th Congressional District will meet with WVU Tech and WVU representatives on Beckley’s campus Monday to discuss STEM education and industry in the state.
Tech officials reported Khanna will be visiting alongside representatives from high-tech manufacturing, healthcare, information technology and data analysis companies to discuss how the WVU system is encouraging the growth of STEM fields in the state.