The Export-Import Bank's Top Foreign Buyers
18 Pages Posted: 7 Jun 2018
Date Written: 04/15/2015
Ex-Im Bank advocates emphasize its importance to small businesses and economic growth. A new analysis of government data reveals that Ex-Im Bank's top 10 overseas buyers are large corporations that primarily purchase exports from multinational conglomerates. Ex-Im Bank's small business narrative is challenged by the fact that the buyers receiving the most subsidies are?like the exporters?major corporations. If lawmakers truly want to nurture small businesses and economic growth, they should end the Ex-Im Bank favoritism that undermines domestic companies and focus instead on reducing the tax and regulatory barriers that choke investment, innovation, and job creation.
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