Friday, July 07, 2006
Sue Kelly Stiffs Small Business
Sue voted against this legislation! Sue Kelly voted to continue the burden of additional up front fees – ranging from $1500 to $50,000 - on Small Business Administration loans. Thank goodness the votes of Democrats, augmented by 17 of Sue’s fellow Republicans, foiled the attempt by Sue and her Republican Leadership to prevent passage of this legislation.
So, over Sue’s objections, the House approved an amendment (214 to 207) to an appropriations bill, HR 5672, vote #327, that lowers the cost of the Small Business Administration’s 7(a) loan program, by restoring $40 million to the program that had been cut by the Bush Administration. The Bush administration eliminated funding for the program two years ago, forcing small businesses to shoulder the cost of the loan program. As a result, entrepreneurs have had to pay additional upfront fees just to use the program – greatly restricting access to capital that small businesses need to remain the main job creators in the nation.
If you are a small business person, wouldn’t you want your member of Congress to help you get access to the capital you need to build your business?
Well, if that’s what you need, Sue Kelly is not your friend. And we think she knows that – maybe that’s why this vote wasn’t announced in one of her almost daily press releases!
Given Sue's political philosophy, it isn't any surprise that The Drum Major Institute for Public Policy found only 17% of Sue's votes favored the middle class.