Taxpayer-Backed Loans to Foreign Companies Split Hill's Republicans

Taxpayer-Backed Loans to Foreign Companies Split Hill's Republicans: "With a deadline looming on the future of the taxpayer-funded U.S. Export-Import Bank,  congressional Republicans remain split on whether to reauthorize the bank’s charter.
The 80-year-old Ex-Im Bank, which provides foreign companies with loans to encourage them to buy from American companies, has come under fire for promoting corporate welfare and cronyism by subsidizing businesses that otherwise could be funded privately."



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