By Timothy P. Carney | 06/30/14 08:45 AM
If you could get friendly bureaucrats to make your product a mandatory form of compensation, wouldn't you?
By Timothy P. Carney | 06/27/14 04:59 PM
This isn't a fight between airy ideas and real-world benefits. It's a fight between outspoken beneficiaries and hidden victims. In other words, it's another fight between the politically connected and the less powerful.
By Timothy P. Carney | 06/27/14 08:23 AM
"Corporate welfare in the defense of liberty is no vice." That's the punchy opening my AEI colleague Tom Donnelly uses to defend the Export-Import Bank, the imperiled federal agency that subsidizes U.S. exports by extending taxpayer-backed financing to foreign buyers. Donnelly is completely...
By Timothy P. Carney | 06/25/14 02:41 PM
Republican Financial Services Committee Chairman Jeb Hensarling opened today's hearing on the Export-Import Bank by excoriating corporate welfare and calling out big businesses by name in something of a populist speech.
By Timothy P. Carney | 06/25/14 02:22 PM
The single biggest activity of the Export-Import Bank is subsidizing Boeing's sales to foreign airlines. That means foreign airlines get artificially low prices for their planes. Delta doesn't get such subsidies.
By Timothy P. Carney | 06/25/14 01:06 PM
Ask massive and profitable U.S. companies why they need taxpayer-backed financing through the Export-Import Bank, and they'll tell you that without the subsidies, they will lose sales to foreign manufacturers.
By Timothy P. Carney | 06/25/14 10:13 AM
The House Financial Services Committee is holding a hearing on the reauthorization of the Export-Import Bank of the United States, the usually-obscure government agency that subsidizes U.S. exports with taxpayer-backed loan guarantees to foreign buyers.
By Timothy P. Carney | 06/24/14 03:18 PM
The steady drumbeat of Ex-Im corruption over recent years doesn't signal some cabal of white-collar criminals running the agency.
By Timothy P. Carney | 06/23/14 05:23 PM
Former House Democratic Leader Dick Gephardt and former Republican National Committee boss Haley Barbour are the two lobbyists on the "Dream Team" K Street has assembled to save President Obama's favorite tool for subsidizing manufacturers -- the Export-Import Bank of the United States.
By Timothy P. Carney | 06/22/14 12:10 PM
House Majority Leader-elect Kevin McCarthy says Congress should let the Export-Import Bank expire, the biggest blow yet to the imperiled subsidy agency whose charter expires this fall. On "Fox News Sunday," host Chris Wallace asked McCarthy if he agrees with "conservatives who say that the...
By Timothy P. Carney | 06/20/14 05:30 PM
Mississippi voters can help their state's economy this Tuesday by sending Sen. Thad Cochran into retirement.
By Timothy P. Carney | 06/20/14 05:15 PM
Rep. Shelley Moore Capito, R-W.Va., voted to reauthorize the Export-Import Bank in 2012. She sits on the House Financial Services Committee, where the bill's fate may be sealed. And she's running for Senate.
By Timothy P. Carney | 06/19/14 11:31 AM
If you have a corporate-welfare bank that costs all taxpayers, combined, $2 billion a decade, and it provides almost all of its subsidies to a handful of politically connected companies, congressmen will hear a lot more lobbying in defense of the corporate-welfare bank than in opposition.
By Timothy P. Carney | 06/18/14 03:12 PM
The Aerospace Industries Association placed an ad in Politico today supporting the Export-Import Bank, which mostly subsidizes airplanes. The argument: Even Reagan reauthorized Ex-Im. The "Facts" listed in the ad are all basically false. 1) The ad claims Ex-Im is profitable, but that's an...
By Timothy P. Carney | 06/18/14 02:09 PM
Wendy Davis's governor campaign is raising money again off her 2013 filibuster of a bill to ban abortions in or after the 6th month of pregnancy and to apply the same standards to abortion businesses as to similar businesses. My colleague Ashe Schow flagged this yesterday, and noted how it...
By Paul Bedard | 07/21/14
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