Here's a half-serious question: How much do taxpayers have to pay off Boeing to make the Export-Import Bank finally and irrevocably go away? If the feds wrote a check to Boeing for $100 million, would they then let the Ex-Im Bank fade away after the current portfolio winds down?
I ask this because the aerospace giant is the largest beneficiary of the Ex-Im Bank. The bank provides subsidized loans and insurance contracts to foreign companies that buy American exports. Ex-Im Bank doles out billions of dollars of loans and insurance subsidies every year and has become the poster child for corporate cronyism in Washington.
Showing posts with label Export-Import Bank. Show all posts
Showing posts with label Export-Import Bank. Show all posts
Friday, June 5, 2015
Monday, June 23, 2014
Diane Katz: Kill the Export-Import Bank
Rare is the issue that unites Michigan’s Democratic Sens. Carl Levin and Debbie Stabenow with their chamber’s most conservative members. But when federal subsidies to foreign firms threaten American jobs, lawmakers on both sides of the aisle find common cause—and rightly so. Taxpayers should not be financing overseas business ventures that undercut U.S. companies.
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