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Sanders speaks to reporters outside the U.S. Capitol building. Photo: Alex Edelman/Getty Images

Sen. Bernie Sanders introduced a bill dubbed the "Stop Bad Employers by Zeroing Out Subsidies Act" or "Stop BEZOS Act" in the Senate Wednesday.

The big picture: The bill would make big companies that employ huge numbers of workers at low wages — like Amazon and Walmart — pay the government for the federal assistance their workers receive.

Timing: Sanders' bill comes one day after Amazon became the second U.S. company, behind Apple, to reach a $1 trillion stock-market valuation.

  • Sanders tweeted, "Amazon is worth $1 TRILLION ... Thousands of Amazon workers have to rely on food stamps, Medicaid and public housing to survive. That is what a rigged economy looks like."

Amazon disputed Sanders' assertion that its warehouse employees don't make a living wage and called his arguments "inaccurate and misleading" in a blog post.

Go deeper: Axios' Dan Primack and Felix Salmon discuss the implications of Sanders' move in the Pro Rata Podcast.

Go deeper

The rebellion against Silicon Valley (the place)

Photo illustration: Sarah Grillo/Axios. Smith Collection/Gado via Getty Images

Silicon Valley may be a "state of mind," but it's also very much a real enclave in Northern California. Now, a growing faction of the tech industry is boycotting it.

Why it matters: The Bay Area is facing for the first time the prospect of losing its crown as the top destination for tech workers and startups — which could have an economic impact on the region and force it to reckon with its local issues.

Erica Pandey, author of @Work
13 mins ago - Economy & Business

Telework's tax mess

Illustration: Annelise Capossela/Axios

As teleworkers flit from city to city, they're creating a huge tax mess.

Why it matters: Our tax laws aren't built for telecommuting, and this new way of working could have dire implications for city and state budgets.

Newsrooms seek next-gen bosses

Illustration: Sarah Grillo/Axios

The Washington Post, Los Angeles Times, Reuters, HuffPost and Wired are all looking for new editors. Soon, The New York Times will be too.

Why it matters: The new hires will reflect a new generation — one that's addicted to technology, demands accountability and expects diversity to be a priority.