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The Export-Import Bank is corrupt. Tell Congress to vote it down.*

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Unread 09.26.19, 09:37 PM
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The Export-Import Bank is corrupt. Tell Congress to vote it down.*

09.26.19 12:00 PM

The Export-Import Bank’s charter is expiring on Sept. 30. Lawmakers on both sides of the aisle*seem intent on renewing it when the vote comes up in Congress.** They shouldn’t, though. The Ex-Im Bank is one of America’s largest corporate welfare programs. It’s a huge source of corruption and cronyism, which operates by taking your money and doling it out to some of the world’s largest companies.* Both parties are complicit.* The result is that businesses without political connections and hardworking taxpayers lose out, while politically favored companies win. The fact is, America doesn’t need the Export-Import Bank. We would be better off without it.* To show hardworking taxpayers they care*about creating a level playing field, lawmakers should vote to shut down the Ex-Im Bank. The bank’s corruption* The Ex-Im Bank has a sordid history of malfeasance among its leadership.** A*2013 poll*conducted by the*bank*found only 42% of its employees*believed the bank’s leadership acts with “high standards of honesty and integrity.” A year later, federal investigators began looking into allegations that*Ex-Im officials took gifts*from companies looking to get export financing the easy way.** Those*polled employees skeptical of bank leadership were onto something.*But*they were likely*also*aware of*the bank’s*spotty track record. Since 2009,*46 people*have been […]

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