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
Santa Clara, CA – Today, Rep. Ro Khanna, Progressive Caucus Deputy Whip and Member of the House Armed Services Committee, released the following statement regarding President Biden’s $1.5T 2022 budget.
Washington, DC – Today, U.S. Representative Ro Khanna (CA-17) joined Santa Clara and Alameda Counties in celebrating over $1 billion in funding for California’s 17th Congressional District in President Biden’s American Rescue Plan Act of 2021. Following Rep. Khanna’s vote in favor of the package on the House Floor, the Congressman was joined by both counties in issuing the below statement:
A group of House progressives are urging the Biden administration in a new letter to overrule the Senate parliamentarian and keep a $15 minimum wage in the $1.9 trillion stimulus plan.
The effort to ramp up pressure on President Joe Biden is made up of 23 progressive lawmakers led by Rep. Ro Khanna of California. It comes after Senate parliamentarian Elizabeth MacDonough struck down the $15 minimum wage on Thursday evening, determining the measure violated the guidelines of the budget reconciliation process.
Liberal House Democrats are pleading with Vice President Kamala Harris to ignore the ruling of the Senate's parliamentarian and decide that the $15 federal minimum wage can stay in the Covid relief package during Senate floor debate this week.
Rep. Ro Khanna has built a brand as a progressive who will take positions even if they are at odds with establishment Democrats. Just over a month into the administration, he is making that clear to President Biden.
Washington, DC – Today, Progressive Caucus Deputy Whip Rep. Ro Khanna (CA-17) joined 22 of his colleagues in sending a letter to President Joe Biden & Vice President Kamala Harris urging them to overrule the Senate parliamentarian’s decision not to include a $15 minimum wage in the Budget Reconciliation package. Citing both concrete precedent and the severity of the economic crisis, Khanna’s letter requests that the arcane Byrd rule be disregarded and the $15/hour minimum wage raise be maintained.
Rep. Ro Khanna, Silicon Valley’s lawmaker in Congress, on Thursday proposed a bill aimed at bulking up the Internal Revenue Service’s enforcement tools and ability to crack down on tax evasion.
The legislation, if passed, would infuse the IRS with $70 billion between fiscal 2022 and 2031 to help the agency hire additional staff to audit individuals making more than $1 million in total income. Corporations with more than $20 billion in assets would also be prioritized for audits under the plan.
Wealthy individuals and large companies would face a major increase in the risk of getting audited by the IRS in two bills unveiled by Democratic lawmakers Thursday.
The U.S. government could take in $1.2 trillion in additional tax revenue over a decade without raising marginal rates by aggressively auditing wealthy individuals and corporations, according to a new bill from Representative Ro Khanna of California.