While corporate CEOs are pressuring Congress to cut Social Security and Medicare as part of a so-called "Grand Bargain" to reduce the debt, small business owners say that cuts to Social Security and Medicare would be devastating to small businesses across the country.
A new series of reports from the Main Street Alliance and Social Security Works, Business is (Baby) Booming, analyze the important role Social Security and Medicare play in both strengthening the retirement security of small business owners themselves, and fueling consumer demand on Main Street in all 50 states and the District of Columbia.
Instead of cutting Social Security and Medicare, small business owners say Congress should crack down on offshore tax abuse that allows the wealthy and corporations to avoid more than $100 billion in U.S. taxes per year by sheltering their income offshore.
State "Business is (Baby) Booming" Reports
- Washington, D.C.
- North Carolina
- North Dakota
- New Hampshire
- New Jersey
- New Mexico
- New York
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
Main Street Alliance affiliates are fighting to make sure new state health insurance exchanges are designed to work in the best interest of small businesses, not insurance companies. As part of these efforts, our affiliate in Idaho launched this video highlighting how insurance interests dominate the committees making decisions about health policy in a classic "fox guarding the henhouse" scenario. Click below to watch the video.
The House of Representatives is expected to consider a bill shortly that would bring about a major overhaul of rule-making processes that set rules for the financial sector, public health and environmental standards, workplace healthy and safety, and other public safeguards.
The Regulatory Accountability Act (or RAA) is being promoted on the pretext of helping small businesses. But real small business owners aren’t buying the anti-regulatory hype. Indeed, in poll after poll and interview after interview, small business owners say what they need to grow and create jobs is more customers, not deregulation.
We asked leaders in the Main Street Alliance network to share their take on the Regulatory Accountability Act and the broader debate about cutting regulations in the name of small business. Here’s what some of them had to say:
Kelly Conklin co-owns Foley-Waite Associates, a custom woodworking business in Bloomfield, New Jersey:
“The Regulatory Accountability Act is just the next example of attempting to shift risk and shift costs from big businesses to small businesses. This bill would gut rules and standards that protect small businesses, the communities where we live and work, and the customers we rely on for our livelihoods.
“I’d like to know, how will rolling back financial standards and allowing another financial crisis help small businesses? How will rolling back environmental rules and allowing another BP spill help small businesses? To hear these proposals being marketed in the name of helping small businesses, it’s just infuriating. This is small business identity theft – using our good name to push an agenda that benefits narrow special interests at our expense.
“Once again the political ambitions of a few are being placed above economic recovery, environmental common sense and the health and safety of small business owners, our employees, and the communities we serve.”
Jim Houser owns Hawthorne Auto Clinic in Portland, Oregon:
“These attacks on basic regulatory standards are misguided at best. They completely miss – or ignore – the fact that standards and regulations create jobs and support innovation.
“Just look at my industry, auto repair. In our sector, smart, focused automobile emission standards protect the air we breathe, provide needed employment for the nation’s repair technicians who keep our vehicles running clean, and promote innovations that help U.S. companies be on the cutting edge of new automotive technologies.”
Garry Ault owns All Makes Vacuum in Boise, Idaho:
“I’ve been trying to sell my small business and retire for over a year. I had to cut the selling price back to the point where I would make only $1,500 more than I paid for my business in 1980. Why? Because of the policies of the last 20 years that deregulated our financial sector, encouraged reckless gambling on Wall Street, and precipitated the 2008 financial crisis and this Second Great Depression small businesses are struggling to pull through today.
“Deregulation is a scam – it helps the big guys at the little guy’s expense. Our politicians have got to know that by now, and if they do then there’s just no excuse for pushing this agenda that’s going to hurt small businesses even more.”
Melanie Collins owns Melanie’s Home Childcare in Falmouth, Maine:
“Deregulation that helps narrow, big business interests – like banks, insurers, and oil companies – has the reverse effect on small businesses, who are the majority of our job creators. Compromising environmental protections and the ability to maintain healthy communities with a healthy customer base is counterproductive to small business job creation and an economically vibrant future.
“What small businesses need are customers – Americans with spending money in their pockets – not deregulation that gives big corporations free reign to cut corners, use their market power at our expense, and force even more small businesses to lay people off and close up shop.”
Mandatory E-Verify would be bad for businesses, bad for the workforce, and bad for the country's bottom line.
Business owners and business groups across the country are taking action to make their voices heard on this issue.
If you're a small business owner, click here to read and sign the business owners' statement.
If you represent a business organization, click here to read and sign the organizational letter.
During the last Insurance Exchange Meeting on June 27, 2011, draft legislation for an Idaho Health Insurance Exchange was presented for stakeholder input and comment. The Idaho Main Street Alliance has the following concerns with the draft legislation and its compliance with the Patient Protection and Affordable Care Act. Click here to read more.
Idaho Main Street Alliance member Dave Silva: “Say no to insurance representatives on the Idaho Health Insurance Exchange Governing Board.”
Idaho Main Street Alliance member Dave Silva, owner of Automated Office Solutions in Boise had a letter to the editor published in the Idaho Statesman on July 18, 2011.
Click here to read the Letter to the Editor.