Small Business Majority submitted a letter in support of SB 1235, which would become the first small business truth in lending law in the country. The bill would standardize disclosure of financing terms offered to small businesses to better inform borrowers about the financial implications of their loan offers, and it would serve as a model for other states to follow to better serve their small businesses.
Small Business Majority writes in support of the California Assembly's version of the GO-Biz budget, which would provide an additional $3 million to small business technical assistance providers, including the Minority Business Development Centers, the Women’s Business Centers, the Procurement Technical Assistance Centers and the Veterans Business Outreach Centers. These funds will be used to expand their capacity to provide vital one-on-one counseling and training to businesses and entrepreneurs.
Small Business Majority writes a letter in support of California bill AB 2023, which would make the existing Child and Dependent Care Expenses Credit refundable so low- and moderate-income working families can benefit from a tax refund that will help defray the rising costs of child care. This will help put money back in the pockets of working families in the state of California who are struggling to afford the child care they need to participate in the workforce.
The Virginia General Assembly boosted small businesses on May 30 when it voted to expand the state’s Medicaid program as part of a budget plan. Giving more people access to affordable healthcare will level the playing field for small firms, foster a workforce that is healthier and more productive and direct additional funds to the state’s economy.
WRITTEN STATEMENT BEFORE THE HOUSE COMMITTEE ON WAYS AND MEANS TAX POLICY SUBCOMMITTEE HEARING ON
“TAX REFORM AND SMALL BUSINESSES: GROWING OUR ECONOMY AND CREATING JOBS”
May 23, 2018
Testimony before the Joint Economic Committee Hearing on “Breaking through the Regulatory Barrier: What Red Tape Means for the Innovation Economy”
May 22, 2018
Jessica A. Milano
Former Deputy Assistant Secretary for Small Business, Community Development, and Housing Policy
U.S. Department of the Treasury
Small Business Majority writes in support of California Bill AB 2472, which would require Covered California to conduct a feasibility study on whether a public health insurance option is viable in California. Such a plan has the potential to increase competition and choice in healthcare options for Californians. A public option could also make small businesses more competitive when they are seeking to hire talent.
Small Business Majority writes in support of California Bill AB 2502, which would require California establish the California Health Care Payments Database. This database would publicize information about healthcare usage, costs and outcomes that would further efforts to improve affordability and quality of existing healthcare options for all Californians, including many entrepreneurs and small business employees.
Small Business Majority writes to urge the California Legislature to include funding for healthcare solutions in that will expand access to affordable coverage in the 2018-2019 State Budget. Some of the requests include: extending Medical access to all income-eligible undocumented adults and to consider enacting a California alternative to the ACA's individual mandate to maintain the robustness of the marketplaces.
Small Business Majority writes in support of California's Angel Investor Bill, AB 2758. The legislation would support qualifiying small businesses struggling to find financing by creating a tax credit of 5% to angel investors that invest in businesses with less than $2 million in gross receipts. Additionally, the legislation prioritizes investor applications from those investing in traditionally underrepresented businesses.