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
This past weekend, our nation united to remember those who gave up their today so we could have our tomorrow—the men and women who put on the uniform and worked together in defense of our freedom and liberty, regardless of their differences. The leadership of our veterans should serve as a model to those of us who serve in Congress.
Silicon Valley has changed the way we get around, the way we communicate, and the very way we live. While Forrester Research estimates technologies like artificial intelligence, machine learning and automation will eliminate 7% of all U.S. jobs by 2025, those numbers belie the advantages those technologies can bring society.
Skooter McCoy was 20 years old when his wife, Michelle, gave birth to their first child, a son named Spencer. It was 1996, and McCoy was living in the tiny town of Cherokee, North Carolina, attending Western Carolina University on a football scholarship. He was the first member of his family to go to college.
Lawmakers put the finishing touches this week on military funding legislation that contains a provision that stands to significantly benefit Amazon.
The amendment, Section 801 of the National Defense Authorization Act (NDAA), would help Amazon establish a tight grip on the lucrative, $53 billion government acquisitions market, experts say.
In the past year, as Silicon Valley has become a lightning rod for public anger over increasing inequality of wealth and power, tech giants have been discreetly supporting a slew of lobbyists to push corporate tax cuts, which may just inflame the very inequality that could turn public opinion against the industry.
Instead of simple tax cuts, tech leaders should deploy their army of lobbyists, policy wonks and economists to reimagine tax policy for a modern economy, where the gains from economic growth are increasingly divorced from working-class jobs and wages.
Although he ran a campaign that emphasized local issues, U.S. Rep. Ro Khanna says there’s a reason he has spent much of his first 10 months in office appearing on national television news discussing American conflicts overseas or Republican budget proposals.
Khanna, a Fremont resident, says he wants to be a “thought leader,” helping to lay out the national progressive agenda and serve as a Democratic alternative to House Speaker Paul Ryan.
Washington, DC – Rep. Ro Khanna, member of the House Budget Committee, issued the following statement on passage of the GOP’s FY 2018 Budget Resolution, which allows Republicans to fast-track tax cuts to millionaires and large corporations:
Instead of offering tax breaks, San Jose pitched its talent, education and status as Silicon Valley’s largest city in a bid to lure Amazon to town.
The bid represents a show of restraint compared to other cities and states that had until Thursday to submit proposals to Amazon. The Seattle-based online retailer, which last month unveiled plans to build a second headquarters expected to bring 50,000 jobs and $5 billion in construction, said it would choose its second home based on the financial incentives local governments are willing to offer.