house Bill H.R. 1605
Shutting Down the Export-Import Bank in 3 Years
Argument in favor
The Export-Import Bank is nothing more than taxpayer-backed corporate welfare. Export subsidies — like those provided by the Ex-Im Bank — don’t create jobs, and only fuel an international subsidy bidding war.
06/29/2015
Welfare is welfare, if anything welfare for the business is worse than welfare for the poor
07/14/2016
Corporate welfare is ruining our economy. Corporations should be allowed to fail with the rest of unsuccessful businesses. Also, the US often gets the short end of the stick thanks to Export-Import Bank.
Argument opposed
With many of our economic competitors subsidizing their exports, failing to follow suit through the Ex-Im Bank would cost the U.S. jobs and hit small businesses the hardest. In uncertain economic times, those are consequences we can’t afford.
06/12/2015
I hate to admit it but if President Roosevelt thought it was a good idea, then we should keep it. He and his staff made few mistakes for the people of the U.S.
01/31/2016
We have already seen the damage that not approving of the EX-IM bank has had on companies who are moving operations to other countries already. It helps keep American jobs by providing companies with much needed assistance and relief.
Welfare is welfare, if anything welfare for the business is worse than welfare for the poor
I hate to admit it but if President Roosevelt thought it was a good idea, then we should keep it. He and his staff made few mistakes for the people of the U.S.
Corporate welfare is ruining our economy. Corporations should be allowed to fail with the rest of unsuccessful businesses. Also, the US often gets the short end of the stick thanks to Export-Import Bank.
Corporate yearly profits are in the billions. While social safety net programs that allow for small business and entrepreneurs to take creative risks are being eroded is class warfare. It also props up bulky, uncreative, ultra powerful and consumer isolated businesses and owners.
IF THE LEFT IF OR IT I AM AGAINST IT. ANYTHING THEY WANT IS BAD .
This particular Bank needs to be shutdown ASAP it's become to costly and the people that run it have become rich because they have learned how to manipulate the system.
The government is not in the business of picking winners and losers.
I would need to do more research as this is effectively an inverse of a tariff and tariffs generally hurt international trade. That being said, if the bank helps get small businesses more customers there can be a short term benefit to this. With that said, that would require governance regarding who may receive the loans/what for and determining why their products aren't competitively priced.