Campaign for Liberty President John Tate recently joined with 42 other signatories in sending a letter to all Senate and House Republicans to oppose reauthorization of the Export-Import Bank.
The Ex-Im Bank, long a target of C4L Chairman Ron Paul's, is one of the most brazen examples of corporate welfare and crony capitalism. The bank largely supports politically connected businesses, such as Boeing, and the majority of their loans go to large multi-national corporations that are more than capable of functioning in the global marketplace without receiving subsidies from the American taxpayer.
It's long past time to kill the Ex-Im Bank, and C4L strongly encourages Majority Leader-elect Kevin McCarthy and House Financial Services Committee Chairman Jeb Hensarling to refuse to schedule the Ex-Im Bank reauthorization for a vote.
Read the letter in full below:
Tags: Ron Paul, corporate welfare, Export-Import Bank, Ex-IM Bank, cronyism, corporatism, Conservative Action Project, Coalitions