Abolish the Export-Import Bank
What the document says“The Export–Import Bank should be abolished because it wastes taxpayer money, adversely affects American businesses, and does not promote economic growth”
This is the conclusion of the first of the chapter's two essays. It argues that the bank's support is concentrated among a small number of large firms, that it disadvantages American companies that do not receive it, and that it does not add to growth overall.
What the document actually says“The Export–Import Bank should be abolished because it wastes taxpayer money, adversely affects American businesses, and does not promote economic growth”
Close the Export-Import Bank. It wastes public money and does not help the economy.
This bank helps American firms sell abroad. It lends money or backs loans. The first essay says it wastes public money. It says the bank should close.
The chapter itself contains the opposing case. The second essay, by Jennifer Hazelton, argues the bank should be kept and strengthened to counter China. Neither essay is presented as the chapter's conclusion.
No action is recorded against this proposal. That is not evidence that none has been taken. See what the tracker does not yet cover.