Small Business Majority voiced supports for California Bill SB 1021, which which would extend the cap on prescription drug copays indefinitely by eliminating sunset provisions on current law. The cap is currently set to expire in 2019.
Small Business Majority submitted a letter in support of California's net neutrality bill (SB 822), which would enforce net neutrality at the state level. It allows the state to ensure internet service providers (ISPs) are allowing equal access to the network.
Small Business Majority writes in support of California Bill AB 2499, which would ensure premium dollars are spent on actual healthcare expenses rather than administrative costs. This bill will codify existing ACA medical loss ratios of 80/20 for the individual market and 85/15 for the large group market into California law to reinforce the state’s commitment to affordability.
Small Business Majority writes in support of California's Angel Investor Bill, AB 2758. The legislation would 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.
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Small Business Majority submitted a letter in support of California's Health Care Market Fairness Act of 2017 (SB 538), which would lower costs and improve value for California's entrepreneurs and the more than six million Californians who work for small businesses. It seeks to ensure lower costs by changing hospital contracting practices.
Congress included in the Affordable Care Act a significant new tax credit for small business owners who provide their workers with health insurance. Under this new tax credit, businesses that have fewer than 25 full-time workers and average wages of less than $50,000 are now eligible to receive a tax credit of up to 35% of the cost of the health insurance that they provide for their workers.
America’s small business owners are doing all they can to outlast the condition of today’s economy. These hardworking employers know they need the right kind of help if they are to thrive. That’s why they believe immediate action is necessary to form bold clean energy policies that will prompt innovation, and in effect, stimulate small business and the economy.
California’s Global Warming Solutions Act, commonly referred to as AB 32, calls for substantial reductions in the state’s carbon emissions. The impact it will have on the economy, and particularly on small businesses, has spurred tremendous debate as the law is being implemented.
Although large employers have been expanding wellness programs in recent years, small businesses have lagged in this endeavor. Since small businesses employ nearly 50% of all private-sector workers, any comprehensive expansion of wellness and prevention efforts must include a role for this large swath of private sector employers.