November 10: Small Business Owners Demand Banks, Health Insurers, Oil Companies Come Clean on Dark Money
Small Business Owners to Banks, Insurers, Energy Companies: “How Are You Spending Our Money?”
Washington, DC—Small business owners in the Main Street Alliance network launched the “Business Against Dark Money” campaign today, calling on banks, health insurers, and oil companies to fully disclose their “dark money” spending – dues and contributions to trade associations and other third parties that can then be used for political purposes, often to advance big business interests at the expense of small businesses, without disclosure of the original source.
Click below for letters sent to national banks, health insurers, energy companies, and their trade groups (state level letters are available upon request; email email@example.com).
OIL AND GAS COMPANIES:
November 1: Small Businesses to Supercomm: Tax Reform Should Restore Lost Revenue, Not Reward Tax Dodgers
Click here to read the joint press release from the Main Street Alliance, Business for Shared Prosperity and the American Sustainable Business Council.
Click here to read the joint business letter to the Congressional Supercommittee.
See related quotes from Main Street Alliance leaders:
“Let me get this straight – the same corporate players that routinely use their market power to steamroll over small businesses are now asking us to foot the bill for their tax holidays?” said Aimee McQuilkin, owner of Betty’s Divine in Missoula, MT, referring to a push by the “WIN America Campaign” for a temporary or even permanent tax holiday for the return of off-shored profits. McQuilkin serves on the steering committee of the Montana Small Business Alliance, affiliated with the national Main Street Alliance network. “Enough is enough,” she added. “If you want to fly the American flag outside your corporate headquarters, you should be paying your way.”
“At a time of unprecedented long-term unemployment, a glaring need for investment in our crumbling infrastructure and an educated workforce, and a realization that some of our largest banks and Fortune 500 companies are sitting on trillions of dollars – unwilling or unable to invest and hire American workers – our government has a responsibility to raise the revenues necessary to assure our economic recovery,” said Jim Houser, owner of Hawthorne Auto Clinic in Portland, Oregon and co-chair of the Main Street Alliance of Oregon. “There’s no excuse for delay now, given the length and depth of our current economic crisis.”
Click here for a formatted copy of this press release.
If upheld by full NAIC, recommendation would gut MLR requirement, hand almost $1 billion in small business and individual rebates back to insurers
Washington, DC – Today, a work group of the National Association of Insurance Commissioners (NAIC) voted to recommend NAIC endorsement of a legislative proposal that would undermine the Affordable Care Act’s minimum medical loss ratio (MLR) requirement by removing agent and broker commissions and fees from the calculation of administrative costs. The Main Street Alliance released the following statement in response:
Kelly Conklin, owner of Foley-Waite Associates, Inc and a member of the Main Street Alliance Steering Committee:
"Today’s task force vote was a very good vote for big insurance and a very bad vote for small businesses. The task force voted to take almost $1 billion in annual rebates to small businesses and individuals and just hand that money right back to the health insurance companies, no questions asked. That’s a real poke in the eye to Main Street.
"The value for premiums requirement is one of the key benefits of the new health law for small businesses. It should be implemented as written, not undermined to bail out the health insurance companies from having to fix their broken business model. If the full NAIC takes into account what small businesses need, they’ll vote to overturn this misguided recommendation and support the value for premiums requirement as written."
The Main Street Alliance submitted a letter on June 28 to the task force outlining the importance of the MLR requirement for small businesses and urging the task force to recommend no change to the requirement. Download a copy of the letter here.
MSA leaders say decision striking trigger provisions allows corporate players to buy political influence uncontested, at expense of small businesses
WASHINGTON, DC – On Monday, the U.S. Supreme Court issued a decision in McComish v. Bennett, a case testing some state public financing laws. In a 5-4 decision, the Court ruled narrowly that trigger-based matching funds provisions of some states' public financing laws are unconstitutional, while leaving the foundation of public financing systems intact.
The Main Street Alliance released the following statements from national spokespeople in response:
Jim Houser, owner of Hawthorne Auto Clinic in Portland, OR and MSA steering committee member:
This decision is bad for small businesses. We don't have the kind of money it takes to buy influence through heavy election spending the way big corporate players can. The Court's decision basically says to big corporations and their trade groups, 'Go ahead, spend all you want to buy elections, and if anyone tries to limit the corrupting influence of your activities, we'll run interference for you.
The silver lining is that the decision leaves the basic structure of public financing systems intact, reaffirming that small dollar public financing laws are a legitimate way to combat corruption and promote free speech. Establishing small dollar fair elections laws is a critical way to take corporate corruption out of elections and restore integrity to our political system.
David Borris, owner of Hel’s Kitchen Catering in Northbrook, IL and MSA executive committee member:
This decision goes against the very idea of America as the 'land of opportunity.' It means big spenders, many of which are big businesses, will be able spend massive sums of money to flood election debates and drown out the interests of small businesses like mine. It means corporate heavy hitters will continue to be able to buy influence by tipping the scales of elections with their campaign spending, then rewrite the laws of the land to favor their narrow special interests at the expense of small businesses - and everyone else.
May 27: VA Court Decision on Corporate Campaign Contributions Tilts Playing Field Against Small Businesses
Small business owners urge reconsideration and reversal of Friday’s ruling wiping out remaining protections against flood of corporate money in elections.
WASHINGTON, DC – Today, a federal district court judge in Virginia overturned a century-old precedent in ruling that corporations should be permitted to make direct political contributions to candidates for office. The Main Street Alliance released the following statements from national spokespeople in response:
Jim Houser, owner of Hawthorne Auto Clinic in Portland, OR and MSA steering committee member:
This decision is not only bad for democracy, it's bad for free and fair competition and especially bad for small businesses. Success in business should be determined by who can offer the best products and services, the best value, the best customer service - not by who can spend more to buy influence with elected officials and then use that influence to game the system.
Overturning a century of precedent to allow corporations to contribute directly to political campaigns is going to take a deck that's already stacked in favor of big corporate players – against small businesses – and stack it even more. If this decision is allowed to stand, our Congress and state legislatures will become wholly-owned subsidiaries of large, multi-national corporations that have no allegiance to this country, or any other, but only to their own short-term financial interests.
Small business owners like me, we know we have to compete against the big corporate players to offer the best value and service to our customers. We welcome that challenge. But give us a level playing field, not a system that's rigged so the big corporate spenders win every time.
David Borris, owner of Hel's Kitchen Catering in Northbrook, IL and MSA executive committee member:
This decision tilts the playing field even further in favor of large corporations at the expense of America’s small businesses. Small businesses are already at risk of getting swamped by price-gouging in health insurance. We're already getting soaked as big companies like GE dodge their taxes and leave us to hold the bag. As if all that wasn't bad enough, along comes a judge in Virginia who blows up the last levees protecting us from getting drowned in a flood of corporate money in politics.
Unless this decision is reconsidered and reversed, it's going to be a serious problem, and not only for today's small businesses. It will threaten to choke off new start-up opportunities as large corporations will write the rules of the game and then act as their own umpire. This decision goes against the very idea of America as the 'land of opportunity.'
Small business owners demand to know if insurers are bankrolling new campaign to undermine health law
WASHINGTON, DC – Today, the U.S. Chamber of Commerce and allies announced their latest campaign to undermine the nation’s new health law by attacking one of the law's funding sources: a fee on health insurance companies. The Main Street Alliance released the following statement from David Borris, owner of Hel's Kitchen Catering in Northbrook, IL and a member of the Main Street Alliance executive committee, in response:
Health insurance companies are reporting the biggest profits in their industry's history, beating analysts' expectations by an average of 30 percent in the first quarter of 2011.(1) So let me get this straight: the U.S. Chamber and its allies are arguing to let insurance companies off the hook from paying their fair share to bring the small business benefits of the health law – things like rate review and a value for premiums requirement – to market? And they’re making that argument in our name, in the name of America's small businesses?
This looks like another case of small business identity theft – hiding behind small business arguments to defend big insurance profits, just like when health insurers secretly funneled $86 million to the U.S. Chamber in 2009 to fund attacks on health reform in the name of the business community. We'd like to know, are the insurance companies bankrolling this latest campaign, too?
(1) Reed Abelson, "Health Insurers Making Record Profits as Many Postpone Care," The New York Times, May 13, 2011, http://www.nytimes.com/2011/05/14/business/14health.html?emc=tnt&tntemail0=y