TPA Joins Coalition Telling Congress to End Ex-Im
In a recent effort to preserve corporate welfare and cronyism, the Obama Administration pledged their “strong commitment” to renew the charter of the Export-Import Bank, which almost exclusively serves to line the pockets of major corporations and foreign nationals. The bank is a relic of the New Deal-era yet it is also directly responsible for lost American jobs as domestic companies are forced to cut back to compete with their foreign, Ex-Im-subsidized competitors. TPA has consistently said the best thing Congress can do for taxpayers and the economy when it comes to Ex-Im is what they do best: nothing. By allowing the bank’s charter to expire, an agency steeped in cronyism will cease to cause damage to jobs and companies in the United States. Just a few weeks ago, TPA joined with more than 50 other organizations led by Americans for Prosperity in telling Congress just that, let the bank expire and end Ex-Im. Click 'read more' below to see the full letter