The fireworks between D.C. and Silicon Valley are just starting

Happy Monday, Fortune Tech Editor Alexei Oreskovic here today, pinch-hitting for Leo. As Americans celebrated a long Independence Day weekend, they were treated to a few noteworthy displays of festivity and fireworks in the ever-fascinating relationship between Silicon Valley and Washington, D.C. 

On the festive side, venture investors and startup founders cheered a provision in the Trump tax and spending bill that broadens capital gains tax exemptions for stock sales at certain small businesses.