In The News
Congressman Ro Khanna wants to give a tax credit to the low income. He's holding a town hall meeting at Ohlone College in Fremont on Wednesday evening.
Census data released last week revealed that 2016 was a second straight strong year for median household income growth. Consequently, inflation-adjusted median household income is now at an all-time high, finally surpassing the previous record set in 1999.
Silicon Valley has been able to escape the heavy wave of federal regulations that other industries have faced, but that now could change as lawmakers question tech companies' practices in the 2016 election and their recent efforts to silence certain groups.
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".