The Colorado House of Representatives will soon vote on the 2018 FAMLI Act (House Bill 1), and as a small business owner, I strongly urge lawmakers to support this legislation. Passing this bill is just good common sense, especially for small business owners and their employees. Here's why.
Legislators should support paid leave program
Health Plan Coverage Dominates Hill Debate on Labor Dept. Rule
A Labor Department proposed rule that would make it easier for small businesses to band together to provide health insurance--thus getting the volume breaks large employers enjoy--had its first checkup ever on Capitol Hill. Several stakeholders offered their prognoses at a House subcommittee hearing.
John Arensmeyer, founder and CEO of the advocacy group Small Business Majority, echoed Blunt, saying that without a minimum benefit requirement, plan sponsors could intentionally exclude people by not offering certain benefits. “The plans could exclude services for maternity coverage or...
Association Health Plans Advance Over Hospital Concerns
The National Association of Insurance Commissioners and the American Academy of Actuaries have warned that expanding AHPs could attract healthier people and leave sicker people to access individual and small-group market plans. If that were to occur, the price of individual and small-group products would increase given the concentrated risk pool, ultimately harming the viability of those markets. A February Avalere analysis concluded that up to 4.3 million people who are enrolled in the individual and small-group markets would shift to AHP coverage under the rule by 2022.
But it was...
The State of Entrepreneurship
Although women and minorities are underrepresented in the entrepreneurship community in general, they are gaining more ground. Women small-business owners are one of the fastest growing segments of the nation’s economy, according to a poll conducted by the advocacy group Small Business Majority.
House Education & Workforce Subcommittee Issues Testimony From Small Business Majority
The House Education and the Workforce subcommittee on Health, Employment, Labor and Pensions issued the following testimony by John Arensmeyer, founder and CEO of Small Business Majority, at a hearing entitled "Expanding Affordable Health Care Options: Examining the Department of Labor'sProposed Rule on Association Health Plans."
Survey: Birth Control, Reproductive Rights Key to Black Women Entrepreneurs’ Success
A new poll by the advocacy group Small Business Majority revealed that 65% of African American and 64% of Latina small business owners say access to birth control, and the freedom to decide if and when to have children, has impacted their bottom lines as a business owner.
Some 507 female entrepreneurs were surveyed. The poll offers more perspective on the importance of birth control for women entrepreneurs of color than one done in November 2017. The latest poll found most African American and Latina women say access to contraceptives helped them advance their education, whereas...
Committee Democrats Oppose DOL’s Harmful Rule on Association Health Plans
Today, the Subcommittee on Health, Employment, Labor, and Pensions (HELP) held a hearing entitled, “Expanding Affordable Health Care Options: Examining the Department of Labor’s Proposed Rule on Association Health Plans.” On January 5, 2018, the Department of Labor (DOL) published a proposed rule on association health plans, which puts comprehensive and affordable health care coverage for small businesses and their employees at risk.
“AHPs are not a new idea. In fact, states have already experimented with these plans with disastrous results. Claims that AHPs will be a boon to small...
House Holds Hearing on DOL Proposal to Expand Association Health Plans
The House Committee on Education and the Workforce today held a subcommittee hearing on a Department of Labor proposed rule that would allow small employers and sole proprietors to form association health plans based on geography or industry. Witness John Arensmeyer, founder and CEO of Small Business Majority, said the rule would lead the risk pool in the remaining individual market to become “unbalanced,” causing “rates to soar for everybody else,” and offer fewer consumer protections.
This Week: Subcommittee Hearing On Expanding Affordable Health Care Options
On Tuesday, March 20 at 10:00 a.m., the subcommittee on Health, Employment, Labor, and Pensions will hold a hearing on 'Expanding Affordable Health Care Options: Examining the Department of Labor's Proposed Rule on Association Health Plans.' Witnesses: Mr. John Arensmeyer, Founder and CEO of Small Business Majority
How Important Is Access To Birth Control To The Success Of Black Female Entrepreneurs?
According to a recent poll by advocacy group Small Business Majority, 56 percent of the 507 female entrepreneurs they surveyed confirmed that access to birth control and the opportunity to make the decision when to have children, if at all, permitted them to focus on their careers and businesses.
“The poll, which included oversamples of African-American and Latina small business owners, found reproductive healthcare is especially important to women entrepreneurs,” reported Black Enterprise.
CalSavers gives Californians a chance at a more secure retirement
CalSavers is flexible, customizable automatic payroll contribution program. Employees may set their own contribution levels and access a range of investments. They may also opt out of the program at any time.
CalSavers is supported by AARP, Small Business Majority, UnidosUS, many ethnic chambers of commerce, labor and other groups.
How good is the tax cut for small business? Depends on who you ask
Six months ago, President Trump vowed that his sweeping tax reform would “bring back Main Street” by slashing taxes on small businesses. Now that the plan is law, small firms’ enthusiasm for the changes depends on which side of Main Street they find themselves. The vast majority of larger small businesses with income upwards of $200,000 will tangibly benefit from the legislation, and many are already sharing their windfall with employees and ramping up capital investment. And while most smaller enterprises will come out ahead as well, their gains are marginal in many cases and advocacy...
Wyden Tax Scam Report Reveals Small Business Owners Are Facing More Uncertainty, Complexity Due To Trump Tax Law
Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today issued a tax scam report outlining concerns from small business owners who say Trump’s tax law has created an increase in financial uncertainty.
"This $1.5 trillion hole in the deficit will provide minimal benefit to Main Street small businesses, as the vast majority of the tax law’s rewards will go to large corporations and the shareholders of a handful of wealthy pass-through entities," Small Business Majority Founder & CEO John Arensmeyer said. "Republican lawmakers blew a once-in-a-generation...
GOP senators' healthcare stabilization proposal would significantly cut premiums
An exit poll from Public Policy Polling, however, found that healthcare weighed heavily in Democratic candidate Conor Lamb's win over Republican Rick Saccone in the special election for Pennsylvania's 18th congressional district, with 53% of voters disapproving of the Republicans' efforts to repeal the ACA, versus 39%. The district is considered heavily Republican.
In a separate op-ed published March 14 in The Hill, John Arensmeyer, CEO of the advocacy organization Small Business Majority, said that if nothing is done to stabilize the individual markets, the "...
Congress must stabilize the ACA to stabilize small businesses
It is undeniable that assaults on the Affordable Care Act (ACA) will soon lead to massive spikes in health-care premiums, an outcome that will devastate America’s small businesses.
A recent analysis by California’s ACA marketplace, Covered California, estimates premiums would increase anywhere from 35 to 94 percent over the next three years mainly because Congress chose to eliminate the ACA’s individual mandate. When these forecasts come true, it will be particularly harmful for small firms and self-employed business owners. After all, more than 3.7 million small-business employees...
A Path to Ending Poverty by Way of Ending Unemployment: A Federal Job Guarantee
Some employment effects could be overcome by growing evidence indicating that a rise in the minimum wage can reduce job turnover (Dube, Kaplan, and Zipperer 2014) and increase per capita output to the extent that higher wages spur greater productivity (Reich et al. 2016). Reductions in turnover and increases in productivity explain why many small businesses have chosen to invest in higher compensation packages for employees with great success (Ton 2012) and generally support (60 percent) a $12 minimum wage pegged to inflation (Small Business Majority 2015).
California on verge of creating retirement plan for private-sector workers
For Mark Herbert, California director of the Small Business Majority, that’s not a concern. Polling by his organization and AARP found that two-thirds of small business owners in California support a state retirement-savings program. For small companies, the main barriers to offering a retirement plan are cost, administrative complexity and fiduciary liability under the federal law. “CalSavers solves for all three,” he said.
How to Avoid the 5 Most Common Pitfalls of Gig Work
When you work for yourself, you know well and good no one is putting away retirement money for you. No 401(k) matching, no HSA savings — nothing. Therefore, it’s paramount you meet with a financial advisor and make a plan for retirement.
According to a Small Business Majority poll, 40 percent of freelancers are not saving enough for retirement. Sixty-nine percent say they don’t make enough to put money in a retirement plan, based on the fact their income varies so widely from month to month.
4 Ways Inequality Hurts Financially
If Amazon chooses an LGBTQ-friendly state, “It will cement Amazon as a leader in LGBT equality and send a strong signal that fully protecting all employees is essential to the bottom line and that states without protections better get on board. More importantly, Amazon employees will be able to work at HQ2 and raise their families in the local community with a sense of security and the knowledge that their employer has their back,” says Chris Fleming, the “No Gay? No Way” campaign spokesperson.
Likewise, Amazon wants the best talent. With more than 20% of Millennials identifying as...
Time to Stop Tax Breaks for Outsourcing
It makes little sense for the U.S. government to provide tax breaks to companies that outsource America's jobs, and yet the recently passed Republican tax law makes the problem worse, it doesn't solve it. That's why Rep. Lloyd Doggett (D-Texas) and Sen. Sheldon Whitehouse (D-R.I.) are introducing the "No Tax Breaks for Outsourcing Act."
The legislation already has been endorsed by the AFL-CIO, AFGE, AFSCME, the Alliance for Retired Americans, Communications Workers of America (CWA), International Federation of Professional and Technical Engineers (IFPTE),...