In The News
Northern California Rep. Ro Khanna (D-CA) unveiled on Wednesday legislation that will give substantial tax credits to low- and middle-income Americans. His goals include combating two of the most troublesome aspects of the American economy: income stagnation within the working class and rising instability caused by a shift from secure jobs with benefits to jobs (or gigs) lacking them.
The White House is bracing for a tax reform fight, with Democrats already on guard against any plan rewarding the rich (US president Trump now denies this will happen: “The rich will not be gaining at all with this plan,” he said on Sept. 13).
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.
Where would be the patriotic place for Amazon to put its enormous new office complex?
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".
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.
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.