Monday, April 21, 2008

House members selling out Small Business?

According to this release from PRNewsire, that is exactly what is being stated:

According to the American Small Business League, members of the House Committee on Small Business are being accused of selling out America's 26 million small businesses in exchange for contributions from wealthy venture capitalists. During 2008, members of the House Committee on Small Business have been targeted with a slew of campaign contributions from the National Venture Capital Association (NVCA). According to, 13 members of the committee have received contributions from NVCA this year alone. Additionally, Rep. Velazquez has been the top committee recipient of funds from NVCA during 2008.

This is the second time in less than a year that a proposal has come out of the House Committee on Small Business that will divert billions of dollars in federal contracts earmarked for small business into the hands of the nation's wealthiest venture capitalists.

"The American people have had it with a government that is run by special interests that couldn't care less about the average working family. This is the worst example I have ever seen of members of Congress supporting legislation that is detrimental to their constituents in exchange for political contributions. Considering the pattern of the contributions by the National Venture Capital Association, this is clearly a prime example of special interests trying to buy legislation for financial gain," President of the American Small Business League, Lloyd Chapman, said.

1 comment:

berto said...

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