The bank provides low-rate financing to foreign customers of U.S. companies, which facilitates the objective of increasing exports and creating jobs. Everybody wins, so what’s not to like? Well, besides putting U.S. taxpayer resources at risk and fostering too cozy a relationship between government and certain businesses, Ex-Im victimizes untold numbers of companies and their workers by effectively taxing their operations, while subsidizing their foreign competitors.
Posted on: Wed, 25 Jun 2014 14:13:25 +0000
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