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Friday, January 20, 2012

Poll-- Supreme Court Citizens United Decision Hurts Small Businesses

66 percent of small business owners view Citizens United v. FEC decision as bad for small business; 88 percent hold negative view of money in politics overall.

Two-thirds of American small business leaders believe the controversial U.S. Supreme Court decision in the Citizens United v. FEC case handed down two years ago on January 21 hurts small companies. The decision overturned existing campaign finance law and resulted in a flood of campaign contributions from corporations and wealthy individuals.

Only nine percent of small business leaders thought the ruling positive, according to an independent national survey of 500 small business leaders released today by the American Sustainable Business Council, Main Street Alliance and Small Business Majority.

The survey also found that 88 percent of small business owners hold a negative view of the role money plays in politics, with 68 percent viewing it very negatively.Click here to read the report.

"As we approach the two-year anniversary of the Citizens United case, the verdict is loud and clear: the ruling hurts the small businesses that we need to be strong for economic recovery," said David Levine, executive director of the American Sustainable Business Council. "Business owners are frustrated because they have to compete with big business bank accounts to be heard, and they are fighting back. More than 1,000 business owners have joined ASBC's Business for Democracy campaign to fight for a constitutional amendment that overturns this decision."

"The Citizen's United ruling is deeply unpopular with our small businesses, which see it as a major step back for our economy, and our democracy," said Lawrence Rael, President of the New Mexico Green Chamber of Commerce.  "Because of Citizen's United, small business can't afford a seat at the political table. We strongly support an amendment to our Constitution."

The Citizens United case, decided by the Supreme Court in January 2010, upheld an argument that government could not place limits on political spending by independent organizations such as corporations. The landmark decision sparked a heated national debate over the role of money in politics, with calls for everything from new SEC rules requiring disclosure of corporate political spending to a Constitutional amendment overturning the Citizens United ruling.

For more information on these poll findings,visit:
http://www.asbcouncil.org/poll_money_in_politics.html

Poll results reported in this statement represent findings from an Internet survey of 500 small business owners nationwide, commissioned by the American Sustainable Business Council, Main Street Alliance and Small Business Majority and conducted by Lake Research Partners. The survey was conducted between December 8, 2011 and January 4, 2012. It has a margin of error of +/- 4.4%.

January 20, 2012 at 06:12 PM in Business, Citizens United, US Supreme Court | Permalink

Comments

Companion piece about the demonstration in ABQ re Citizens United -- > http://www.publicnewsservice.org/index.php?/content/article/24290-1

Posted by: suz | Jan 21, 2012 11:10:27 AM