***CEO Watch***
For Immediate Release
September 10, 2010
Contact: Kam Kuwata, 800-709-7532
Bay Area Business Owner Criticizes Carly Fiorina for Opposing the Small Business Jobs Act
Help is on the way for 3.4 million California businesses, but not thanks to Carly Fiorina.
Tom Faust, President of Redwood Renewables, a solar power installation company based in Corte Madera, California, responded to Carly Fiorina’s opposition to the Small Business Jobs Act. He said, “Why is Carly Fiorina opposed to the Small Business Jobs Act that will allow California Businesses access to credit to expand and hire additional employees? Maybe it’s because before she was fired as CEO of Hewlett Packard she was committed to exporting jobs out of California and moved thousands of jobs to China, India and Costa Rica.”
On Thursday, the Washington Post reported that retiring Republican Ohio Senator George Voinovich plans to vote for the Small Business Jobs Act, clearing the way for passage of the bill in the Senate. “Voinovich said he could no longer support Republican efforts to delay the measure in hopes of winning the right to offer additional amendments. Most of the proposed GOP amendments ‘didn’t have anything to do with the bill’ anyway, Voinovich said, and amounted merely to partisan ‘messaging.’” [Washington Post, 9/9/10]
“The bill would establish a $30 billion small business lending facility run by the Treasury Department and provide another $12 billion in tax relief. Smaller banks – with under $10 billion in assets – would use the Treasury fund to extend loans to small businesses, helping get these companies back on their feet and hiring new workers. The fund, proponents say, could help leverage up to $300 billion in loans, a massive boost in loosening tight credit markets.” [ABC News, 7/29/10]
California Republican Senate candidate Carly Fiorina opposes this bill. “Fiorina objects to a provision of the bill, which is co-sponsored by Boxer, that would create a fund providing $30 billion to encourage small business lending by community banks.” [Los Angeles Times, 8/15/10]
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CEO Watch is a project of the Los Angeles County Democratic Party that explores the records of Republican candidates who brag about their business credentials as qualifications for seeking public office. Not authorized by any federal candidate or committee.
