Non-profit

Small Business for America’s Future

Small Business for America’s Future (formerly Businesses for Responsible Tax Reform) is a left-of-center advocacy organization that promotes left-leaning federal programs and increased spending. The organization led a campaign during the federal government’s response to COVID-19 to forgive all Paycheck Protection Program (PPP) loans of $150,000 or less made by the Small Business Administration (SBA) during the COVID-19 pandemic in 2020. It also promotes policy to strengthen the Affordable Care Act (ACA) and undo the 2017 Tax Cuts and Jobs Act. It is a project of Sixteen Thirty Fund, a pass-through and fiscal sponsorship nonprofit managed by the consulting firm Arabella Advisors. [1] [2] [3]

Background

Small Business for America’s Future was founded as Businesses for Responsible Tax Reform. The organization is known for promoting surveys of its membership that are presented as unbiased surveys purporting to show the American small business community supports left leaning policy priority on economic issues as well as left-leaning policies with little to no impact on small business operation such as election administration and critical race theory-inspired racial “equity.” [4]

One survey publicized by the organization was presented as a survey of 1,000 U.S. small businesses with little information about the population of those 1,000 businesses. The survey showed support for many of the Biden administration’s plans including the $2.3 trillion American Jobs Plan and mandatory paid medical leave and family leave for employees. The vast majority of the organization’s survey respondents reported having fewer than 10 employees. [5]

Other surveys promoted by the organization allege support for other Democratic congressional priorities including left-leaning election reform packages, controls on prescription drug pricing, as well as a functional repeal of the 2017 Tax Cuts and Jobs Act. The organization also published surveys portraying that small businesses were calling for the General Services Administration to start the presidential transition process following the 2020 election, supporting enhanced “election security” prior to the election, and supported the passage of a $1.9 trillion economic relief package without Republican support. [6]

Policy Stances

Small Business for America’s Future’s policy positions page on its website supports many left-leaning policy reforms as well as some meant to provide relief to very small businesses. The organization support forgiving all Paycheck Protection Program loans of less than $150,000 as well as a simplified forgiveness process for loans under $2 million. [7]

The organization also supports strengthening the Affordable Care Act and enacting laws around prescription drug pricing and surprise billing. Additionally, supports repealing many aspects of the Tax Cuts and Jobs Act, including a repeal of the provision that lowered the tax rate for all corporations, including small businesses. [8]

The organization also supports paid family and medical leave programs, implementing a section of the 2010 Dodd-Frank Act that requires banks to report demographic data of small business lenders, and expanding the Earned Income Tax Credit and the Child Tax Credit. [9]

People and Affiliated Organizations

Small Business for America’s Future is a project of Sixteen Thirty Fund, a left-leaning pass-through and fiscal sponsorship nonprofit managed by the left-leaning consulting firm Arabella Advisors. The Sixteen Thirty Fund operates dozens of other projects that are presented as independent organizations supporting left-leaning policy priorities including healthcare, taxes, election administration, and abortion. [10]

References

  1. Hayden R. Ludwig. “Big Money in Dark Shadows: Arabella Advisors’ Half-billion-dollar ‘Dark Money’ Network.” Capital Research Center (DarkMoneyATM.org). https://darkmoneyatm.org/wp-content/uploads/2019/08/CRC_Arabella-Advisors-Dark-Money_small.pdf ^
  2. “New ‘Small Business’ Lobbying Group Heads to D.C.” Pagosa Daily Post. June 17, 2020. Accessed July 27, 2021. https://pagosadailypost.com/2020/06/17/new-small-business-lobbying-group-heads-to-d-c/ ^
  3. “IRS Form 990.” Sixteen Thirty Fund. 2018. Accessed July 27, 2021. https://projects.propublica.org/nonprofits/organizations/264486735/201823199349303757/IRS990ScheduleO ^
  4. “Our Research.” Small Business for America’s Future. Accessed July 27, 2021. https://www.smallbusinessforamericasfuture.org/our-research ^
  5. [1] Reagan, Nick. “New survey shows small businesses support Biden’s jobs plan.” WIS News 10. May 24, 2021. Accessed July 27, 2021. https://www.wistv.com/2021/05/24/new-survey-shows-small-businesses-support-bidens-jobs-plan/ ^
  6. “Our Research.” Small Business for America’s Future. Accessed July 27, 2021. https://www.smallbusinessforamericasfuture.org/our-research ^
  7. “Policy Agenda.” Small Business for America’s Future. Accessed July 27, 2021. https://www.smallbusinessforamericasfuture.org/policy-agenda ^
  8. “Policy Agenda.” Small Business for America’s Future. Accessed July 27, 2021. https://www.smallbusinessforamericasfuture.org/policy-agenda ^
  9. “Policy Agenda.” Small Business for America’s Future. Accessed July 27, 2021. https://www.smallbusinessforamericasfuture.org/policy-agenda ^
  10. Hayden R. Ludwig. “Big Money in Dark Shadows: Arabella Advisors’ Half-billion-dollar ‘Dark Money’ Network.” Capital Research Center (DarkMoneyATM.org). https://darkmoneyatm.org/wp-content/uploads/2019/08/CRC_Arabella-Advisors-Dark-Money_small.pdf ^
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