Politics

Republicans Can Block Mega-Subsidies for Boeing’s Bank

Capitol-Hill-Dome1from – Washington Examiner – by Timothy P. Carney

President Obama, as a final exercise of power, is pursuing a backdoor measure to approve $20 billion in massive taxpayer-backed deals to subsidize Boeing and other giant manufacturers.

Republicans have the power the stop this raft of corporate welfare. The only question is whether they have the will.

The Export-Import Bank of the United States is a federal agency that subsidizes U.S. exports by extending taxpayer-backed financing to foreign companies and foreign governments buying U.S. goods…

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1 Comment on "Republicans Can Block Mega-Subsidies for Boeing’s Bank"

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$20 billion? For what, cost over runs on bloated contracts? Is this stupid or what? S**t!

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