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Americans For Prosperity Americans for Prosperity (AFP) and Americans for Prosperity Foundation (AFP Foundation) are committed to educating citizens about economic policy and mobilizing those citizens as advocates in the public policy process. AFP is an organization of grassroots leaders who engage citizens in the name of limited government and free markets on the local, state and federal levels. The grassroots members of AFP advocate for public policies that champion the principles of entrepreneurship and fiscal and regulatory restraint.

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New AFP Report Finds Export-Import Bank Fails to Achieve Goals of Job Creation, Expor

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Unread 09.13.19, 08:45 PM
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New AFP Report Finds Export-Import Bank Fails to Achieve Goals of Job Creation, Expor

09.13.19 09:28 AM

Grassroots group makes the case against reauthorization*as Sept. 30 deadline nears. Arlington, Va. –*Americans for Prosperity (AFP) released a new report today detailing the culture of cronyism and corporate welfare that is propped up by the decades-old Export-Import (Ex-Im) Bank. The report, authored by AFP Federal Policy Analyst Michael Lambert, finds that “despite the naked corporate welfare, virtually none of the Bank’s supposed objectives are achieved as a result of this preferential treatment.” The report also finds that in the eight decades since the Bank’s creation, its role in financing international trade has proven ineffective, when compared to the more efficient private sector market forces that promote trade across borders. Read the full report here. “For eight decades, the Bank has used taxpayer money to prop up a few government-favored industries or companies,” said Lambert. “This is the definition of corporate welfare and why so many Americans believe the economy is rigged against them. Despite the hysteria that the Bank and its allies would like you to believe, reauthorization will likely result in*economic harm to the non-subsidized industries who can’t compete with government favored ones. The truth is that Ex-Im has continually been plagued with fraud and lack of accountability, […]

The post New AFP Report Finds Export-Import Bank Fails to Achieve Goals of Job Creation, Export Promotion, Small Business Growth and Increasing US Competitiveness Abroad appeared first on Americans for Prosperity.



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