People For the American Way

Small Businesses Support ‘Major Changes’ to Campaign Finance Laws

Small business owners are in favor of reforming our current campaign finance system, according to a new opinion poll from the Small Business Majority. In a nationwide survey last month, 77 percent of small business employers said that “big businesses have a significant impact on government decisions and the political process,” and nearly as many (72 percent) said they believe major changes are necessary to reform campaign finance laws. Only four percent of respondents said they believe no changes are necessary.

Yesterday Sam Becker from the Wall Street Cheat Sheet highlighted the conclusions of the survey:

[T]here is significant concern about the political and economic landscape, and the growing influence of corporate power on the parts of small business owners. With nearly three-quarters of small businesses saying they feel that they are at a disadvantage because of corporate influence in politics, it lends extra credence to the notion that our election process — which typically tends to cater heavily to the small business crowd — is in need of some serious reforms.

This is a good reminder that when enormously powerful corporate interests claim to speak for “the business community,” they are not necessarily speaking for the small businesses that play such an important role in our economy and in our communities. The results of this survey underscore the idea that campaign finance reform enjoys broad support among Americans of diverse professions and backgrounds. Religious organizations, labor unions, and business associations – in addition to many groups in the progressive nonprofit community –  are mobilizing around solutions to big money in politics. These solutions include transparency in political donations and public financing of elections, as well as a constitutional amendment to overturn Supreme Court decisions such as Citizens United v. FEC, which opened the floodgates to unlimited corporate spending in politics.