Sep 23, 2018

How Palo Alto taxpayers are funding California

The former Palo Alto home of Hewlett-Packard founders Bill Hewlett and Dave Packard. Photo: Kimberly White/Corbis via Getty Images

California scooped up just under $1 billion from nearly 9,000 tax returns filed in 94301 (Palo Alto, home of Stanford and the "birthplace of Silicon Valley") in 2016 — more revenue than from any other ZIP Code in California, the L.A. Times' Melanie Mason reports.

Why it matters: As Democrat Gavin Newsom and Republican John Cox campaign for governor, taxes paid "in Palo Alto’s 94301 and a handful of other affluent ZIP Codes ... will determine whether promises to build more houses, overhaul healthcare or invest in schools can actually be kept. ... Economists and politicians have long said that California’s volatile revenue base leaves the state at risk for a painful budgetary reckoning when the economy slumps."

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Coronavirus dashboard

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  1. Global: Total confirmed cases as of 10:30 a.m. ET: 5,618,829 — Total deaths: 351,146 — Total recoveries — 2,311,404Map.
  2. U.S.: Total confirmed cases as of 10:30 a.m. ET: 1,681,793 — Total deaths: 98,933 — Total recoveries: 384,902 — Total tested: 14,907,041Map.
  3. Public health: Fauci says data is “really quite evident” against hydroxychloroquine for coronavirus — Nearly half of Americans say someone in their household has delayed medical care.
  4. Tech: Zipline drones deliver masks to hospitals; vaccines could be next
  5. Business: The downsides of remote work could diminish recent gains — PPP failed to get money to industries and areas most in need.
  6. 🏒Sports: NHL unveils 24-team playoff plan to return from hiatus.
  7. What should I do? When you can be around others after contracting the coronavirus — Traveling, asthma, dishes, disinfectants and being contagiousMasks, lending books and self-isolatingExercise, laundry, what counts as soap — Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingHow to minimize your risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.

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Updated 29 mins ago - Politics & Policy

Fauci: Data is “really quite evident” against hydroxychloroquine for coronavirus

Anthony Fauci told CNN Wednesday that the scientific data "is really quite evident now about the lack of efficacy" of hydroxychloroquine as a coronavirus treatment.

Driving the news: The comments came in response to news that France on Wednesday banned the use of hydroxychloroquine to treat the virus, after a large retrospective study in The Lancet found an increased risk of heart problems and death among coronavirus patients who took the anti-malarial drug.

Trump has turned Big Tech's speech rules into a political football

Illustration: Lazaro Gamio/Axios

Twitter made headlines Tuesday after labeling two election-related tweets from President Trump as potentially misleading — the company’s first action against the president’s tweets, which often test its policies on misinformation and abuse.

The big picture: Twitter's unprecedented move, which swiftly drew Trump's fury, was just one of four controversies over the last 24 hours involving tech platforms grappling with free speech issues. And all of them, Axios' Sara Fischer and I report, reflect what a partisan issue the policing of social media content has become.