by Diane Katz
The Heritage Foundation
June 10, 2014
The Export–Import Bank (Ex–Im) picks winners overseas and losers here at home. Ex-Im funnels billions of taxpayer dollars each year to foreign businesses for the purchase of domestic products. This subsidized financing is supposedly a win-win proposition for exporters and their customers abroad, but in fact it leaves American companies to compete against foreign firms bankrolled by the U.S. government. Before Congress decides whether to reauthorize Ex-Im’s charter, which is set to expire on September 30, they should consider how much the bank has already cost the United States in terms of jobs and taxpayer dollars.



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