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58 Republicans Embrace Corporate Welfare

This week lawmakers introduced H.R. 597 to reauthorize the Export-Import Bank of the United States. Rep. Stephen Fincher (R-TN)Heritage ActionScorecardRep. Stephen Fincher66%House Republican AverageSee Full Scorecard66% authored the bill and 57 other lawmakers have signed on as co-sponsors in support.  The Export-Import bank aims to facilitate trade between the U.S. and other nations. In actuality it uses tax payer dollars to provide loans for big business like Solyndra and Boeing.

The Export-Import bank adds fuel to the fire of the crony capitalist nature of Washington DC and must be reformed.

Here’s the conservative response;

“Americans didn’t give Republicans a historic majority to hand out favors to K Street lobbyists and well-connected special interests.  If they want to honor their mandate, they’ll allow Ex-Im to expire and advance policies that creates opportunity for everyone.”

Read the full bill online.

These 57 lawmakers added their names as co-sponsor to the legislation:

Rep. Robert Aderholt (R-AL)Heritage ActionScorecardRep. Robert Aderholt56%House Republican AverageSee Full Scorecard56%
Rep. Duncan Hunter (R-CA)Heritage ActionScorecardRep. Duncan Hunter67%House Republican AverageSee Full Scorecard67%
Rep. Steve Stivers (R-OH)Heritage ActionScorecardRep. Steve Stivers51%House Republican AverageSee Full Scorecard51%
Rep. Chris Collins (R-NY)Heritage ActionScorecardRep. Chris Collins44%House Republican AverageSee Full Scorecard44%
Rep. Rodney Davis (R-IL)Heritage ActionScorecardRep. Rodney Davis42%House Republican AverageSee Full Scorecard42%
Rep. Robert Dold (R-IL)
Rep. Tom Cole (R-OK)Heritage ActionScorecardRep. Tom Cole45%House Republican AverageSee Full Scorecard45%
Rep. Randy Hultgren (R-IL)Heritage ActionScorecardRep. Randy Hultgren71%House Republican AverageSee Full Scorecard71%
Rep. Frank Lucas (R-OK)Heritage ActionScorecardRep. Frank Lucas49%House Republican AverageSee Full Scorecard49%
Rep. Joe Pitts (R-PA)Heritage ActionScorecardRep. Joe Pitts67%House Republican AverageSee Full Scorecard67%
Rep. Tom Reed (R-NY)Heritage ActionScorecardRep. Tom Reed41%House Republican AverageSee Full Scorecard41%
Rep. Ann Wagner (R-MO)Heritage ActionScorecardRep. Ann Wagner57%House Republican AverageSee Full Scorecard57%
Rep. Mike Bost (R-IL)
Rep. Gregg Harper (R-MS)Heritage ActionScorecardRep. Gregg Harper42%House Republican AverageSee Full Scorecard42%
Rep. Peter King (R-NY)Heritage ActionScorecardRep. Peter King35%House Republican AverageSee Full Scorecard35%
Rep. Dan Newhouse (R-WA)
Rep. Pat Tiberi (R-OH)Heritage ActionScorecardRep. Pat Tiberi53%House Republican AverageSee Full Scorecard53%
Rep. Bob Gibbs (R-OH)Heritage ActionScorecardRep. Bob Gibbs54%House Republican AverageSee Full Scorecard54%
Rep. Ander Crenshaw (R-FL)Heritage ActionScorecardRep. Ander Crenshaw43%House Republican AverageSee Full Scorecard43%
Rep. Billy Long (R-MO)Heritage ActionScorecardRep. Billy Long70%House Republican AverageSee Full Scorecard70%
Rep. Mike Rogers (R-AL)Heritage ActionScorecardRep. Mike Rogers58%House Republican AverageSee Full Scorecard58%
Rep. Mark Amodei (R-NV)Heritage ActionScorecardRep. Mark Amodei45%House Republican AverageSee Full Scorecard45%
Rep. Jackie Walorski (R-IN)Heritage ActionScorecardRep. Jackie Walorski56%House Republican AverageSee Full Scorecard56%
Rep. Sam Graves (R-MO)Heritage ActionScorecardRep. Sam Graves60%House Republican AverageSee Full Scorecard60%
Rep. Charles Boustany Jr. (R-LA)Heritage ActionScorecardRep. Charles Boustany Jr.46%House Republican AverageSee Full Scorecard46%
Rep. Dave Joyce (R-OH)Heritage ActionScorecardRep. Dave Joyce44%House Republican AverageSee Full Scorecard44%
Rep. Tom Rice (R-SC)Heritage ActionScorecardRep. Tom Rice67%House Republican AverageSee Full Scorecard67%
Rep. John Mica (R-FL)Heritage ActionScorecardRep. John Mica72%House Republican AverageSee Full Scorecard72%
Rep. Larry Bucshon (R-IN)Heritage ActionScorecardRep. Larry Bucshon58%House Republican AverageSee Full Scorecard58%
Rep. Pat Meehan (R-PA)Heritage ActionScorecardRep. Pat Meehan39%House Republican AverageSee Full Scorecard39%
Rep. Ryan Costello (R-PA)
Rep. Glenn Thompson (R-PA)Heritage ActionScorecardRep. Glenn Thompson43%House Republican AverageSee Full Scorecard43%
Rep. Michael Turner (R-OH)Heritage ActionScorecardRep. Michael Turner44%House Republican AverageSee Full Scorecard44%
Rep. Chris Gibson (R-NY)Heritage ActionScorecardRep. Chris Gibson26%House Republican AverageSee Full Scorecard26%
Rep. Richard Hanna (R-NY)Heritage ActionScorecardRep. Richard Hanna40%House Republican AverageSee Full Scorecard40%
Rep. Mike Kelly (R-PA)Heritage ActionScorecardRep. Mike Kelly50%House Republican AverageSee Full Scorecard50%
Rep. Thomas MacArthur (R-NJ)
Rep. John Shimkus (R-IL)Heritage ActionScorecardRep. John Shimkus40%House Republican AverageSee Full Scorecard40%
Rep. Lou Barletta (R-PA)Heritage ActionScorecardRep. Lou Barletta40%House Republican AverageSee Full Scorecard40%
Rep. Kevin Cramer (R-ND)Heritage ActionScorecardRep. Kevin Cramer38%House Republican AverageSee Full Scorecard38%
Rep. Bill Shuster (R-PA)Heritage ActionScorecardRep. Bill Shuster60%House Republican AverageSee Full Scorecard60%
Rep. Dave Reichert (R-WA)Heritage ActionScorecardRep. Dave Reichert38%House Republican AverageSee Full Scorecard38%
Rep. Frank LoBiondo (R-NJ)Heritage ActionScorecardRep. Frank LoBiondo42%House Republican AverageSee Full Scorecard42%
Rep. Adam Kinzinger (R-IL)Heritage ActionScorecardRep. Adam Kinzinger42%House Republican AverageSee Full Scorecard42%
Rep. Bill Johnson (R-OH)Heritage ActionScorecardRep. Bill Johnson53%House Republican AverageSee Full Scorecard53%
Rep. Tom Marino (R-PA)Heritage ActionScorecardRep. Tom Marino51%House Republican AverageSee Full Scorecard51%
Rep. Markwayne Mullin (R-OK)Heritage ActionScorecardRep. Markwayne Mullin59%House Republican AverageSee Full Scorecard59%
Rep. Elise Stefanik (R-NY)
Rep. John Katko (R-NY)
Rep. Rick Crawford (R-AR)Heritage ActionScorecardRep. Rick Crawford58%House Republican AverageSee Full Scorecard58%
Rep. David Jolly (R-FL)Heritage ActionScorecardRep. David Jolly31%House Republican AverageSee Full Scorecard31%
Rep. Ken Calvert (R-CA)Heritage ActionScorecardRep. Ken Calvert38%House Republican AverageSee Full Scorecard38%
Rep. Barbara Comstock (R-VA)
Rep. Aaron Schock (R-IL)Heritage ActionScorecardRep. Aaron Schock45%House Republican AverageSee Full Scorecard45%
Rep. Vicky Hartzler (R-MO)Heritage ActionScorecardRep. Vicky Hartzler60%House Republican AverageSee Full Scorecard60%
Rep. David Valadao (R-CA)Heritage ActionScorecardRep. David Valadao32%House Republican AverageSee Full Scorecard32%
Rep. Joe Wilson (R-SC)Heritage ActionScorecardRep. Joe Wilson70%House Republican AverageSee Full Scorecard70%

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Ex-Im: Use Twitter and Facebook to Spread the Word

Over the summer, conservatives ignited a national movement against the Export-Import Bank. This poster child for cronyism is now battling for its survival. But just as Americans across the country rose up to demand an end to Ex-Im, Congress, at the behest of the White House, is preparing to extend its expiring charter.

Use Twitter and Facebook to spread the word.

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What They’re Saying: Export-Import Bank Supporters Undermine Obama’s Bank

The debate over the future of the Export-Import Bank can be difficult to follow, in part because proponents of the Bank are often in conflict with one another. Here are the latest examples:

Does Export-Import Bank provide cheap loans?

Tony Fratto, Hamilton Place Strategies: All of you that have been writing that Ex-Im makes cheap loans — they actually make expensive loans. (AEI Debate, July 24, 2014)

Former Sen. Judd Gregg (R-NH): By allowing American companies, mostly very large ones, to finance the products they want to sell to a foreign company or government at a reduced rate, the Ex-Im Bank in fact represents an American commercial threat to foreign companies.  (The Hill, July 28, 2014)

Does the Export-Import Bank create job?

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Small Biz Owner on Ex-Im Bank: “For Smaller Companies, It’s Useless”

A recurring theme among Export-Import Bank supporters is that, at its heart, it’s all about small business.

One Tallahassee small business owner was completely candid about his negative experience with the Export-Import Bank, the Tallahassee Democrat reports.  Ron Conroy of Verdicorp is more than happy to see the bank’s authorization expire on Sept. 30.

Tallahassee-based Verdicorp, which makes heating and air conditioning systems, used the program once — to insure sales to a foreign buyer in case the purchaser defaulted. That didn’t happen.

Verdicorp owner Ron Conroy says he has no plans to use the bank again because he said bank officials are more interested in helping larger companies.

“If you send them aircraft, they’re very good. (But) anything less than $10 million, they don’t want to (deal with) you. They say they do but they don’t,” he said. “For the country, it’s worth having. But for smaller companies, it’s useless.”

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Hard Times for Corporate Welfare

A few days after the newly minted Majority Leader announced he had no intention of protecting the Ex-Im Bank, the Wall Street Journal delivered some more bad news for its advocates.

In recent months, it seems Ex-Im has had to suspend or remove four top officials from their positions due to allegations of bribery, corporate favoritism, and other bureaucratic improprieties. The investigation’s targets include one high level employee by the name of Johnny Gutierrez,  from Ex-Im’s short-term trade finance division, who ostensibly accepted “kickback” payments in exchange for helping to authorize financing for a Florida construction equipment company called Impex. According to the report:

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