The Arizona Free Enterprise Club, along with over 50 other organizations and groups from around the country, is urging Congress to oppose the reauthorization of the Export-Import Bank. Primarily used to subsidize politically connected businesses to increase US exports, the bank is a poster child of the type of insider crony capitalism that has existed in Washington for far too long.

Despite the fact that the bank distorts the international trade market and costs taxpayers money (the Congressional Budget Office projects it will cost $2 Billion over the next decade), it continues to survive solely on the political strength of the few beneficiaries of the program. It’s time we stop picking winners and losers and let the free market determine who should succeed.

We urge congress to end the corporate welfare and oppose the reauthorization of the Export-Import Bank.

To read the letter sent to congress opposing the Bank, click here.

  • Print
  • Digg
  • StumbleUpon
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks
  • Add to favorites
  • email
  • Google Buzz

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Tweets
The Arizona Free Enterprise Club is a free market policy and advocacy group dedicated to promoting a strong and vibrant Arizona economy.
  • @morganloewcbs5 That is incorrect, paychecks would get bigger due to the lower individual rates and an effective da…
  • It will be interesting to see next year if opponents to tax reform cling to the false narrative that Republicans ra…
  • Arizona taxpayers big winners in agreed upon tax reform package in DC. Corporate rate 21%, expanded standard deduct…
  • Maricopa Association of Governments Agrees: Cities Should Reform Home-Based Business Laws
  • Wise decision by the Glendale city council to not waste money on the light rail boondoggle