In House hearing, small business owners respond to the Republican tax law

From coast to coast, small business owners are speaking out about how the GOP tax law hurts them

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CFPB Payday Rule Survives Legislative Threat, Remains Intact For Now

Small business owners urge consumer bureau to preserve and enforce the rule, protect consumers against payday lending debt trap

WASHINGTON, DC - Congressional Review Act (CRA) resolutions—S.J. Res 56 and H.J. Res 122—to repeal the Consumer Financial Protection Bureau’s (CFPB or consumer bureau) payday and car title lending rule will not advance in Congress, as their legislative clock expired yesterday. The CFPB rule, finalized in October, establishes basic consumer protections on these 300% or more interest loans, including the common-sense standard that lenders should have to verify a borrower’s ability to repay before making the loan. Consumer and civil rights advocates, including the Main Street Alliance, are urging the consumer bureau to keep intact the rule, which is set to into effect summer 2019, and to fulfill the bureau’s responsibility to enforce the law.

The CRA is a fast-track legislative tool that allows lawmakers to undo federal regulations years in the making without public hearings with a simple majority vote in both the House and Senate. If invoked, the CRA prohibits a federal agency—like the consumer bureau—from rolling out regulations substantially the same as those it reversed. Since neither chamber brought the payday rule resolutions to a vote during the limited time allotted for a CRA challenge, the important rule was not overturned.

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Businesses Praise Senators Markey’s and Schumer’s Action to Preserve Net Neutrality

FOR IMMEDIATE RELEASE: May 9, 2018
ASBC Contact: Bob Keener, 617-610-6766, bkeener@asbcouncil.org
Engine Contact: Evan Engstrom, 415-570-4455, evan@engine.is
Main Street Alliance Contact: Angela Simaan, angela@mainstreetalliance.org
Small Business Majority Contact: Simon Brown, 202-535-3229, sbrown@smallbusinessmajority.org


Washington, DC – In advance of today’s expected U.S. Senate discharge petition to reverse the Federal Communications Commission’s repeal of net neutrality protections, businesses and business groups released statements supporting net neutrality and the action by Senators Markey and Schumer.

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Main Street Businesses’ Early Impressions of the New Tax Law

WASHINGTON, DC -- Ahead of the Senate Finance Committee’s hearing today, ‘Early Impressions of the New Tax Law,’ and in response to the nonpartisan Joint Committee on Taxation’s report for the hearing, Amanda Ballantyne, National Director of the Main Street Alliance, a network of small business owners, released the following statement:

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On Tax Day, Minnesota business owners tell lawmakers what they need - and it’s not more tax cuts.

ST PAUL, MN – On Tax Day this year, paying less in taxes isn’t a priority for the Minnesota business owners who gathered at the State Capitol to express their concerns to legislators.

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Main Street Alliance & MomsRising Join Small Businesses Across the Country to Mark Equal Pay Day & Highlight Pay Gap Statistics

Coffee Sleeves and Napkins at More than 30 Small Businesses Feature Gender Pay Gap Statistics to Show Importance of Equal Pay and Paid Leave for All

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Republican Tax Cuts are Failing Small Businesses, New Report Finds

Senator Ron Wyden joined Main Street Alliance in a press conference today to release a new report that shows that the Republican tax overhaul is harming small businesses far more than it’s helping them.

 

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Equal Pay Day at Your Local Coffee Shop!

By Sara Alcid
This post originally appeared on MomsRising

 

$840 billion?! 

That’s how much women in the US lose collectively each year to the wage gap. What would you do with your share of that $840 billion? I can think of a few things!

If your answer didn’t involve chocolate, here’s some math to consider: each year, the average woman would be able to afford 15 more months of child care or 78 more weeks of food for her family if the wage gap didn’t exist.

Women’s wages fuel our businesses, economy, and most importantly -- working families.

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Small Business Statement on House Spending Bill

WASHINGTON, DC --- In response to the spending bill introduced in the US House late last night, Amanda Ballantyne, the National Director of the Main Street Alliance, a national network of small business owners, released the following statement:

 

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Small Business Tax Impact 2018

Trump-Republican Tax Giveaway Impact on Main Street Small Business Owners

Summary of Trump-Republican Tax Giveaway

Republicans jammed through the Trump-Republican Tax Giveaway to give a massive tax cut to wealthy donors and big corporations at the expense of Main Street. It balloons the federal deficit by $1.5 trillion, gives billions of dollars in tax breaks to corporations to outsource jobs, leaves 13 million Americans without health coverage, and Republicans want to pay for it with trillions of dollars in cuts to Social Security, Medicare, Medicaid, education and other critical programs small business owners and our communities rely on.

Click here for the full Fact Sheet

 

 

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