*By Christian Smith*
Congressman Ro Khanna wants to inspire companies to do better by their workers.
"It's absurd that you have multi-billion dollar companies, trillion-dollar companies that aren't able to pay their workers $15," Rep. Khanna said Friday in an interview on Cheddar.
That's why the prominent House progressive, who represents California's Silicon Valley, is teaming up with ex-presidential candidate and Vermont Sen. Bernie Sanders to introduce legislation that would place a tax on large corporations ー money that is equivalent to the amount of federal benefits their low-income employees receive to make a livable wage.
Rep. Khanna's House bill is called the "Corporate Responsibility and Taxpayer Protection Act" and targets large companies across industries, including tech, retail, and fast food, he said.
Sanders was a little more pointed with his version, dubbed the "Stop Bad Employers by Zeroing Out Subsidies Act." That's Stop BEZOS, if you didn't notice.
Rep. Khanna said that Amazon has responded to the Sanders bill, saying the company creates safe working spaces for employees and offers competitive benefits. But the Congressman said the point of benefits is a separate matter.
"They're still not addressing the fundamental point," Khanna said.
"Why can't they just come out and say they're going to pay every employee in our company at least a $15 wage so they can have a livable wage?"
For full interview [click here](https://cheddar.com/videos/congressman-ro-khanna-wants-major-corporations-to-improve-worker-pay-or-pay-more-in-taxes).
Congressional leaders are praising the late Rep. John Lewis as a moral force for the nation in a Capitol Rotunda ceremony rich with symbolism and punctuated by the booming, recorded voice of the late civil rights icon.
As the coronavirus pandemic hits Americans' wallets, it is also exposing the long standing wealth gap between minority communities and white Americans, according to Damon Jones, professor at the University of Chicago.
President Donald Trump's National Security Adviser Robert O'Brien has tested positive for the coronavirus — making him the highest-ranking official to test positive so far.
Maryland Governor Larry Hogan says a GOP shake-up is on the horizon following the Trump presidency as calls for change echo across the U.S.
President Donald Trump has been unable to land the big deal he sought with Congress to curb drug costs. But now he's moving on his own to allow imports of cheaper prescription medicines, along with other limited steps that could still have election-year appeal.
Stocks closed broadly lower for the second day in a row Friday as Wall Street gave back some of its gains from a mostly solid July rally.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
As President Trump's actions are dissected since protests erupted following the killing of George Floyd at the hands of police, much has been made of how past presidents responded to civil unrest over the last century.
President Donald Trump is announcing that he has canceled segments of the Republican National Convention scheduled for Florida next month.
If the Democratic nominee Candace Valenzuela manages to pull off a win in Texas' 24th District, she will make history as the country's first Afro-Latina congresswoman.
Load More