The Export-Import Bank Is A $2 Billion Loss For Taxpayers—At Least
According to Ex-Im’s accountants, the bank makes a lot of money for taxpayers. According to the CBO, it should get better accountants. The Congressional Budget Office found that Ex-Im stands to cost...
View ArticleMost States Don’t Benefit From The Export-Import Bank
Does your state benefit from ExIm funding? There’s a good chance it doesn’t. More than 43 percent of the bank’s funds go to straight to the home of the bank’s biggest beneficiary: Boeing. Other states...
View ArticleThe Export-Import Bank Supports Less Than Two Percent Of U.S. Exports
The Export-Import Bank supports less than two percent of the U.S. export industry. That means more than 98 percent of our nation’s export industry succeeds without Ex-Im subsidies—and without putting...
View ArticleThe Export-Import Bank Doesn’t Counter Foreign Competition—It Subsidizes It
One of the main justifications for the Export-Import Bank is that it helps to counter the adverse effects of foreign nations’ export programs. However, Ex-Im uses a very small portion of its budget to...
View ArticleThe Export-Import Bank Overwhelmingly Benefits Well-Connected Corporations
The Export-Import Bank’s biggest beneficiaries are some of the largest and most well-connected corporations in the country. They receive billions of dollars in subsidies from the bank every single...
View ArticleSupport Is Growing For Letting The Export-Import Bank Expire
Several political leaders have come out against the Export-Import Bank, including Senators Ted Cruz, Rand Paul, Marco Rubio, and former Governor Jeb Bush. Leading Opposition To The Reauthorization Of...
View ArticleState-Owned Airline Says It Doesn’t Need Ex-Im Subsidies
Ex-Im claims that it provides critical financing that is irreplaceable by private lenders. However, one foreign airline has admitted that it doesn’t even need the taxpayer subsidies provided by the...
View ArticleHigh-Profile Members of Congress Take A Stand Against The Export-Import Bank
Representative Paul Ryan, chairman of the House Ways & Means Committee, announced Thursday that he strongly supports letting the Export-Import Bank expire and urged legislators to avoid taking a...
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