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As Congress starts to debate President Donald Trump's plan to overhaul the tax code and cut corporate rates, a Silicon Valley Democrat is putting forward a radically different tax proposal.
Rep. Ro Khanna, D-Santa Clara, will introduce a bill Wednesday that would give low-income and working-class taxpayers a big tax credit — and have a massive price tag.
Could a small change in a federal tax credit significantly reduce people's need for predatory payday loans?
San Jose says it might be interested in making a pitch to become Amazon's second home, but not all Silicon Valley officials are on board.
Rep. Ro Khanna, who represents California's 17th Congressional District — including San Jose — in Washington, tweeted that tech companies shouldn't be asking for tax breaks when they want to build a new headquarters. Amazon has said it is looking for financial incentives before deciding where to locate what it is calling HQ2.
Where would be the patriotic place for Amazon to put its enormous new office complex?
The company announced yesterday that it was looking beyond Seattle to build a second headquarters. Ultimately, HQ2, as Amazon calls the project, will house up to 50,000 workers and stretch over more office space than the Pentagon. Amazon welcomed proposals from cities and said it wanted a metro area with at least 1 million people that employees would find appealing.
Indian-American lawmakers have criticised US President Donald Trump for scrapping an amnesty programme that granted work permits to immigrants who arrived in the country illegally as children, saying the consequences of the decision will be "devastating".
Describing Trumps action as a cruel and inhuman, five- Indian American lawmakers in separate statements announced that they will fight the US presidents decision.
Amazon is hoping to snag some sweet tax credits wherever it decides to construct its newly announced plans for a second corporate headquarters.
But one of Silicon Valley's leading representatives in the U.S. Congress doesn't think the e-commerce company actually deserves them — in his California district or anywhere else.
Silicon Valley has long preferred to remain aloof from national politics, but the Trump era has altered that stance.
In recent months, tech luminaries have repeatedly clashed with the president, criticizing his executive order on Muslim immigration, his ban on transgender troops, his "many sides" equivocation on white supremacists and his Tuesday announcement that he was ending the Deferred Action for Childhood Arrivals program, which lets young undocumented immigrants remain in the country.
Washington, DC – Rep. Ro Khanna (CA-17) issued the following statement in response to the Trump Administration announcing a wind down of the Deferred Action for Childhood Arrivals (DACA) program.
President Trump was quick to toss away the hottest of political issues Tuesday, telling Congress it's now up to lawmakers to decide the fate of the nearly 800,000 young people who could face deportation with the end of the Deferred Action for Childhood Arrivals program.
"Congress, get ready to do your job — DACA," Trump tweeted early Tuesday, hours before Attorney General Jeff Sessions announced that the program established in a 2012 executive order by former President Barack Obama "is being rescinded."
A messy, public brawl over a Google critic's ouster from a Washington think tank has exposed a fissure in Democratic Party politics. On one side there's a young and growing faction advocating new antimonopoly laws, and on the other a rival faction struggling to defend itself.