Top Five Worst U.S. Chamber Policies for Small Businesses

On legislation to help small biz, U.S. Chamber is "Chamber of No"

The U.S. Chamber of Commerce claims to defend the interests of small businesses, but even a quick examination of their legislative record shows them opposing bill after bill that may help small businesses--and consistently siding with big corporations. From legislation that would ease the burden of credit card terms for small businesses, to bills that would stop outsourcing, the U.S. Chamber has proven to be the "Chamber of No." Here's our list of the top five worst Chamber policies for small businesses.

1) U.S. Chamber of Commerce Sided with Big Credit Card Companies over Small Business Owners. Small business owners are increasingly likely to rely on credit cards to finance their business operations, yet- like the rest of us- are increasingly finding the terms of their card agreements less favorable. The U.S. Chamber sided with big credit card companies over small business in the Credit Cardholders' Bill of Rights Act of 2008--legislation to provide common-sense regulations on credit.

Small Business Owners Rely On Credit Cards, Get Hurt By Credit Card Companies. A recent survey by the National Small Business Association found that 59 percent of all small businesses used credit cards to fund capital purchases and that 34 percent of small businesses held over one quarter of their business debt in credit cards. Moreover, 75 percent reported that the terms of their credit cards had become less favorable in the last six months.

2) U.S. Chamber of Commerce Sided with Big Oil Over Small Businesses on Bill to Stabilize Gas Prices. Despite the fact that gas prices were skyrocketing, the U.S. Chamber opposed the Consumer-First Energy Act of 2008, legislation designed to stabilize gas prices during a period of meteoric price increases. The bill-- which would have created a special supplemental 25 percent tax on the windfall profits of major oil and gas companies, suspended the filling of the Strategic Petroleum Reserve, punished price gouging, and limited oil market speculation-- would have gone a long way to help America's small businesses, who are disproportionately sensitive to fluctuations in energy prices and price gouging at the pump.

3) U.S. Chamber of Commerce Opposed Legislation to Help Steelworkers Keep and Create Jobs in the U.S. The Chamber showed its true colors when it opposed "American-made" provisions in the aptly named "American Steel First Act," which would require infrastructure projects receiving federal funds to use American-made steel. The requirement would help domestic steel producers enjoy the benefits of federal stimulus funds, keeping much-needed jobs and commerce in the United States. Although mammoth companies like GE and Caterpillar get half or more of their revenue from exports, the same is emphatically not true of many small, local businesses and steel producers who deserve to benefit from federal spending before foreign counterparts.

4) U.S. Chamber Opposed Legislation to Stop Outsourcing of Call Centers
The US Chamber has continually supported the out-sourcing of jobs, despite small business support for legislation like the Call Center Consumer's Right to Know Act, an anti-outsourcing bill that requires call centers to disclose their location during each call. The small companies associated with the National Association of Manufacturers (NAM) and the American Electronics Association (AEA) oppose outsourcing because it allows larger multinational companies to take advantage of cost-cutting mechanisms that are unavailable to smaller businesses, causing small businesses to close.

5) U.S. Chamber of Commerce Opposed Expanding Healthcare for, Low-Income Families and Children- Siding with Big Tobacco Over Small Businesses. By opposing the SCHIP Extension Act of 2007 and the Children's Health Insurance Program Reauthorization Act of 2009, the Chamber again found itself on the wrong side of small business interests. The National Federation of Independent Businesses and the Business Roundtable both supported the SCHIP extension because they believe "small business owners and their employees are especially vulnerable to the weakness of the current system." The Chamber of Commerce, in a letter to Senators Baucus and Grassley, called the bill "a broad-based entitlement program is grossly unfair" particularly for states with "tobacco-based agricultural and industrial activities."