Archive for the ‘Public Affairs’ Category

Helping Rhode Island’s Marriage Equality Bill Gain Momentum

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The issue of same-sex marriage is an argument that all of us have heard, and most of us have strong opinions on. As Dr. Martin Luther King Jr. once said, “marriage is a basic human right. You cannot tell people they cannot fall in love.” While he said this in reference to marriage between races, the same can be said about homosexuals.

Public attitudes toward gay marriage are a mirror image of what they were a decade ago: in 2003, 37 percent favored gay nuptials, and 55 percent opposed them.  According to the Washington Post, national support for marriage equality is trending upwards with 58% of Americans being in favor of legalizing same-sex marriage as of March 2013.

CFO Consulting Group is proud to be the public affairs team fighting for marriage equality within Rhode Island.  There are currently nine states, plus the District of Columbia, where same-sex marriage is legal.  In addition to this, 3 states are considering bills to legalize same-sex marriage; Delaware, Illinois, & Rhode Island.  In January, the Rhode Island House of Representatives & House Speaker Gordon Fox overwhelmingly passed legislation to allow gays and lesbians to marry in the only New England state where they can’t.

The Rhode Island Senate will be next to address the issue of gay marriage when they return from their recess this week for the final work of their annual session.  The Senate Judiciary Committee is scheduled to consider legislation allowing gay couples to wed. The session is scheduled for 3 p.m. Tuesday, April 23rd. Also up for consideration is a bill that would place the question of allowing gay marriage on next year’s ballot.

The two bills before the Senate Judiciary Committee take different paths.  One would reaffirm Rhode Island’s constitutional  protection of religious liberty.  The other has a long lists of special exemptions and carve-outs,

The major issue keeping Rhode Island from becoming the tenth state to legalize same-sex marriage, and why there are two bills being considered, is the question of how will those that oppose same-sex marriage on religious grounds, including religious institutions, businesses, and hospitals, be affected if same-sex marriage is approved?  More specifically, questions regarding the legality of a business or religious institution denying service to same-sex couples because of religious beliefs will be up for debate this Tuesday.

CFO is looking forward to seeing the Rhode Island Senate vote in favor of the bill and allow all people in Rhode Island, regardless of their sexual orientation, to possess equal rights.

By Brett Smiley, founding partner of  CFO Consulting Group

What will it cost to win back the House?

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By Nick Daggers
Follow Nick on Twitter @nickdaggerscfo 

With the 2012 election in our rearview mirror we are all looking down the road to 2014. After a successful cycle the Democrats gained eight seats in the House but are still 18 seats short of the majority. There are plenty of race trackers and analysts that can offer their thoughts on which seats will be in play and why. I would like to offer a quick demonstration of what we can expect to see spent in a race for the majority.

A good case study to establish an estimate for 2014 spending is to look at the six (8, 10, 11, 12, 13, 17) competitive races in Illinois from 2012. According to the Center for Responsive Politics in the five districts won by the Democrats the campaigns and their allies spent a total of $20.5m, or an average of $4.1m per Democratic pickup.

The Illinois’ 11th and 17th Congressional Districts provide a microcosm of districts across the country that Democrats must win in order to take back the House. In both cases the DCCC was able to help recruit strong Democratic challengers (which will be key again in 2014) to take on popular Republican incumbents. In order to take back the house in 2014, Democrats will likely have to defeat at-least 20-25 Republican incumbents.

In the IL11 Bill Foster defeated Judy Biggert. Foster and his allies had to spend $4.88m in order to secure victory. The IL11 covers a diverse swath of the Western Suburbs of Chicago. Meanwhile two hours to the west is the IL17. In this district, Cheri Bustos defeated one-term Congressman Bobby Schilling. Bustos and her allies had to spend just shy of $4.7m to win.

While the races had many similarities they also had one glaring difference, they both fell into two very different media markets. The IL11 is in the Chicago media market, the third largest in the country, and the IL17 covers the Rockford, Quad Cities, and Peoria media markets, of which only the Quad Cities are a top 100 market.  Since both districts cost about the same to win it helps demonstrate that no matter the media market, Democrats can expect to spend about $4.75m per Republican incumbent they can defeat.

The Democrats are looking at needing to spend $120m just to defeat Republican incumbents. That number does not include the 201 seats we will have to defend and the 100 plus seats that are safely in the Republican column, which can probably be estimated at-least another $200m.

Over the next 18 months we will see exactly how these races play out and if the Democrats and their allies can raise to take back the House. While we won’t know that final number for months to come, we can already guess that just like the past three election cycle we should all expect it to be another record year for campaign spending in the battle for the Speaker’s Gavel!

 

Nick Daggers is a Vice President of Development for CFO. He has spent the last five years working as a fundraiser for political campaigns and non-profits.

Helping Rhode Island Crack Down on a National Problem

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For many of us, Payday Loans are an unknown financial instrument. While many have a general understanding of what pawn shops and check cashers are, payday lenders are a different animal.

Rhode Island’s population is barely over a million and yet nearly 200,000 of these loans are taken out yearly. Payday loans are short term, high interest loans. They are capped at $500, due in two weeks and carry an APR of 260%. For many, these loans are the not the solution to a short term financial crises but rather cover ordinary living experiences. In fact, the average borrower takes out 8 loans per year.

CFO Consulting Group is proud to be the public affairs team fighting for the Rhode Island Payday Loan Reform Coalition. A great coalition is fighting back against predatory lending in Rhode Island, but there are similar efforts underway across the country. Additionally, there is an effort to crack down on the enabling role the big banks are playing for the industry.

Recently the New York Times covered how the nation’s biggest banks, including Bank of America and Wells Fargo have proved to be willing partners allowing the payday lenders to continuously debit accounts, racking up big overdraft fees along the way. In response to this coverage JP Morgan pledged to change its practice. CFO is looking forward to seeing that change, and change in Rhode Island.