Much has been written over the costs and shortcomings of the beleaguered bank as well as its corporate welfare aspects. In fact, one notable politician called Ex-Im “little more than a fund for corporate welfare” – but that was before he was elected president. What has been less discussed, however, is that for every job the Ex-Im bank “supports “it destroys as many, if not more, American jobs.
A recent Congressional hearing revealed just how deeply corruption appears to run at the taxpayer-backed Export-Import Bank (Ex-Im), and the lengths to which the bank’s defenders will go to try and paper over the controversial bank’s problems.
Politicians have been trying to provide affordable prescription drugs for more than a decade. Before the Patient Protection and Affordable Care Act, also known as Obamacare, there was Medicare Part D seeking to lower costs for senior citizens. Unfortunately for politicians, breakthrough new drugs often take billions of dollars and millions of man hours to produce and higher prices are needed to recoup these costs; such is the situation with the new Hepatitis C cure courtesy of Gilead Sciences.
By Mallory Carr The fiscal train wreck that Obamacare and other health care entitlements will inevitably cause is quickly approaching—and no amount of tax increases can save us from the crash. Although the “Eat the Rich” and “Tax the 1%” way of thinking is currently in vogue, these catchy sound-bytes remain nothing more than pithy […]
Americans for Prosperity is proud to join 40+ coalition partners in signing a letter that urges all Senate and House Republicans to oppose reauthorizing the Export-Import Bank. The coalition calls on House leaders — particularly Majority Leader-elect Kevin McCarthy and House Financial Services Committee Chairman Jeb Hensarling — to oppose scheduling a vote on the Ex-Im Bank […]