Tech riding high with expected McCarthy ascension

(Politico) Tech’s early-stage investment in Rep. Kevin McCarthy could produce a prominent payoff for both sides.

The good-natured California Republican and expected majority leader hasn’t devised many tech-related bills or even hammered away on the industry’s core issues. But he has made frequent pilgrimages to Silicon Valley, befriended prominent tech players and lauded the value of innovation.

Now the industry is counting on those ties as it carves out a more entrenched role in Washington.

“Since his freshman year in the minority party of the California statehouse he has been invested in Silicon Valley and the innovation economy,” said Carl Guardino, CEO of the Silicon Valley Leadership Group, who hosts the current House whip three to four times a year and considers him a long-time friend.

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