“Now in this time of Internet transparency, these folks can’t get away with these special interest deals that the have gotten away with for years. People are getting the word out, tweeting out these deals in the middle of the night, and it’s getting the grassroots’ attention.”
FreedomWorks could be one of several groups giving heartburn to House Republican leaders as they try to take action on businesses’ priorities ahead of the midterm elections.
Of particular importance to business groups is the terrorism insurance program.
Set to expire at the end of 2014, the program requires the federal government to pay for 85 percent of coverage for terrorist attacks if damages exceed $100 million. The government can earn its losses back by charging insurers.
“To me, we have some good comebacks, if you will, to some conservative voices in the Congress and around the country,” said Leigh Ann Pusey, president and CEO of the American Insurance Association. “[TRIA] puts in place an economically orderly recovery that has worked to date, structured in a way that protects taxpayers. We would argue that it’s necessary and it hasn’t cost the taxpayer to date.”