Last July I had an opinion editorial in The Hill’s
Congressional Blog entitled, “Big money behind misinformation on
healthcare law”. It talked about
the revelations of big donor money flowing to the National Federation of
Independent Business (NFIB) to fight against the Affordable Care Act
(Obamacare).
According to a Public Campaign analysis of IRS 990 filings from the NFIB and NFIB Small Business Legal Center for 2009-2011, the NFIB organizations have had dramatic increases in contributions since the Affordable Care Act was passed in 2010. But the new-found wealth is not from dues of the average NFIB member. The IRS filings show that the NFIB organizations received $10 million from just 10 contributors in 2010-2011. In the previous year the largest individual contribution was just $21,000. News reports have identified the conservative and superpac Crossroads GPS as one of the NFIB contributors in 2010 giving $3.7 million.
The fact that the NFIB is just a front group for big business and partisan interests, a small business pretender organization I have called it, is well documented. Yet much of the media amazingly still rushes to the NFIB for its position on small business issues.
Hopefully the latest news about where the NFIB gets it funding will finally make the press wake up about this faux small-business organization.
The
National Journal reported yesterday that the NFIB’s efforts to stop a new
tax on health insurance companies that will help pay for implementation of Obamacare
is being funded by the big insurance industry group America’s Health Insurance
Plans to the tune of $850,000.
It took a lot of comparing tax filings by Chris
Frates of the Journal to uncover the secret deal.The back-channel spending shows how insurers were able to fund a key—and much more politically popular—ally in their fight against the premium tax. After all, helping small businesses is a political no-brainer while aiding big insurers is a political nonstarter.Here is the bottom line. The NFIB does not represent the interests of small businesses. It represents the interests of its major funders….big corporations.
+(124x76).jpg)
All those relatives you approached told you they would love to give you money for your new business but just don't have it right now.
ReplyDeleteIt's the same story over and over again, but they have expenses of their own to cover and
investing in a new business is just too risky. Your new idea is a sure winner, but you have to
convince everyone else of that fact.
Thank you again for another” feel good, uplifting, that there are good people in this world story”. We read so many stories that are negative about people and what they do to others. A random act of kindness is always such a great thing to hear about. Peace and blessings.
ReplyDeleteBusiness consultancy dorset