#50 – There are more than 30 active investigations of alleged fraud by Ex-Im bank employees.
Washington, DC – Today the Club for Growth is launching a new phase in its opposition to reauthorization of the Export-Import Bank. Each weekday the Club will tweet (@Club4Growth) a new reason why the Export-Import Bank, and its corruption and corporate welfare, should come to an end when the bank’s authorization ends on June 30, 2015.
“Congress must end the Export-Import Bank,” said Club for Growth President David McIntosh. “Nearly 99% of the U.S. businesses that export goods do so without any help from Ex-Im, and it’s a federal agency that is rife with corruption. I’m sure the handful of big corporations which benefit from Ex-Im can compete just fine without government handouts. With 10 weeks until Ex-Im’s reauthorization deadline, the Club wants to make sure Members of Congress and the public know why it should be left to die after June 30th. Typically, there are top 10 lists, but Ex-Im’s corporate handouts are so bad that we have the top 50 reasons to end it. ”
The Club for Growth is the nation’s leading group promoting economic freedom through legislative involvement, issue advocacy, research, and education.