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
Rural America will serve an integral role in saving lives and in our recovery from the COVID-19 pandemic.
America’s farmers and the private sector have already partnered on their own to ramp up production of life-saving anti-viral medicines and therapeutics. A major investment in biomanufacturing must be part of our economic recovery strategy.
Washington, DC – Today, Rep. Ro Khanna (CA-17), joined by 19 Democratic U.S. Representatives, called for a national shelter-in-place order to combat the spread of COVID-19 across the United States of America. As the infection rate climbs and the strain on the American health care system worsens, the federal government cannot continue to slow-walk its response.
Washington, DC – Today, Rep. Ro Khanna (CA-17) and Rep. Tim Ryan (OH-13) commended the Administration’s support for a cash payments for working Americans, which the two Congressmen proposed last week. The current Ryan/Khanna plan, the Emergency Money for the People Act, would provide a monthly check for between $1,000 and $2,000 to every American who earned less than $130,000 last year.
Washington, DC – Today, Rep. Ro Khanna (CA-17) and Rep. Tim Ryan (OH-13) proposed legislation to establish an emergency Earned Income Tax Credit (EITC) in response to the COVID-19 pandemic. The bill would provide a check between $1,000 and $6,000 to every American who earned less than $65,000 last year. More than three-quarters of American workers would qualify for this tax relief. Americans most likely to be impacted by the public health crisis – including hourly workers, independent contractors, and gig workers – would get a much-needed emergency boost during this economic downturn.
Danielle Polk used to work up to 13 hours per day, seven days a week, as a bank teller and a McDonald’s floor supervisor. She dreamed of finishing college, but thought she couldn’t afford to step away from the workforce to do it. “I was worried about the cost,” Polk, who’s now 22, recalls. “I was also worried about not having the time to actually attend.”
Like a lot of job fairs on college campuses, the event that brought tech-industry recruiters to San Jose State University on Saturday featured plenty of eager students and company-branded swag: Amazon foam footballs, eBay water bottles and Salesforce socks.
But unlike a lot of tech-industry job fairs — and unlike Silicon Valley itself, which has long been criticized for its lack of diversity — most of the prospective employees, and the recruiters from some of the sector’s biggest firms, were black.
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.