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
Reactionary populism in its most dangerous form will tear at the very fabric of our society if we do not address the challenge of economic inequality. We see the scourge of authoritarian populist movements across the globe and believe there is a moral and economic imperative to reduce this widening gap.
A new legislative proposal, crafted amid a brutal housing crisis in the Bay Area and beyond, would help ward off sales and replacements of mobile home parks that are being eyed as redevelopment sites.
“Every day, manufactured housing and mobile home communities are threatened by redevelopment contractors, aggressive investors, and greedy landlords,” said Rep. Ro Khanna, a Bay Area Democrat who is a primary author of the bill that was introduced Tuesday in the U.S. House of Representatives.
Washington, DC – Today, Reps. Ro Khanna (D-CA), Brian Fitzpatrick (R-PA), Anna Eshoo (D-CA), Peter Welch (D-VT), Yvette Clarke (D-NY), Ben Ray Lujan (D-NM) and G.K. Butterfield (D-NC) introduced a bipartisan bill, the Measuring the Economic Impact of Broadband Act, to require the Bureau of Economic Analysis to conduct a study of the effects of broadband deployment and adoption on the U.S. economy. The legislation empowers policymakers to make more informed decisions about broadband, connecting underserved communities and keeping America competitive in a digital world.
Santa Clara, CA – Today, Rep. Ro Khanna (D-CA) invited local labor leaders, union organizers, contractors, and technology executives to a compelling roundtable discussion on the future of labor in the digital economy. Panelists shared candid experiences working for Silicon Valley’s leading innovators, overwhelmingly responding that there was a need for greater respect and understanding from technology managers, as well an urgency to pay contract workers a fair wage.
Donald Trump recently called Jimmy Carter to ask for advice. Carter, who normalized relations with China during his presidency, told Trump that China has not fought a single conflict since 1979, while America stayed at war. Both presidents were concerned China is “getting ahead of us.”
If Speaker Nancy Pelosi (D-Calif.) and President Trump can’t strike an infrastructure deal, key Democrats say they should push their own partisan bill through the House ahead of the 2020 elections.
That strategy, backers argue, would demonstrate to voters that they’re making good on the campaign promises that won them the lower chamber last year — and remain focused on those bread-and-butter issues looking ahead.
Senate Democrats, led by Sherrod Brown (OH), Michael Bennet (CO), Dick Durbin (IL), and Ron Wyden (OR), has introduced a new bill that would establish a child allowance for the first time in American history and substantially increase the size of the Earned Income Tax Credit for low-income people.
It’s worth noting that two Democrats now have some of the most interesting new ideas for rural development.
One is Rep. Ro Khanna of California. Khanna represents the Golden State’s 17th Congressional District, which includes part of Silicon Valley. In other words, in no sense can Khanna be said to represent rural America. Yet remarkably, he is doing it anyway — he is looking out for the interests of rural folks.
US Rep. Ro Khanna of California believes that healing the nation’s divisions starts with equal opportunity in the digital age for Rural America.
Khanna represents Silicon Valley. So what is he doing helping Pillar Technologies of California launch a digital “forge” in Jefferson in conjunction with Iowa Central Community College? It opens in August, with jobs paying $75,000 per year.
“You can’t put the fabric of the country back together when some places prosper and others don’t,” said Khanna, who was reared in Bucks County, Pa.
Right now, many Americans are filing their taxes and finding that far from getting the big tax refunds President Trump promised, they actually owe the IRS money.
And the President's response this week? Making his tax breaks for millionaires and billionaires permanent in his budget, while slashing the basic programs working families rely on to get through rough times and make ends meet.