GOP split on Export-Import Bank worries business leaders
|By Laylan Copelin, Austin American-Statesman|
|McClatchy-Tribune Information Services|
The Beltway battle over the
The issue lacks the diabolical cunning of the fictional Majority Leader
A recent flip-flop by newly elected House Majority Leader
As majority leader, McCarthy is a gatekeeper for the
The Ex-Im bank uses taxpayer funds to provide loans, loan guarantees and credit insurance to facilitate U.S. exports. It charges companies a fee for the service.
The issue has American businesses on both sides.
For example, the U.S. bank helps
Texans should pay attention for two reasons.
One is economic --
Without the bank's support,
The other reason to pay attention is how the Ex-Im battle exposes
The same strain over government's role with business is found among
According to last month's
Steadfast conservatives, as the Pew Center researchers labeled them, believe that large corporations have too much power and nearly half of them say the economic system unfairly favors powerful interests.
Business conservatives, on the other hand, overwhelmingly view business and
"Sadly, we accepted their losses and as a result, business became reliant on the benevolence of just one party,"
"Now today, there are fringe elements who are using intolerant social propaganda and distorting the records of honorable men and women, driving them into the wilderness of defeat...," said Timmons, referring to the recent defeat of U.S. Majority Leader
Timmons urged his business audience "to stand up to the forces that are influencing important primary contests -- demonizing American business and trying to throw out those who are willing to actually govern."
But for the first time, business leaders openly worry that a segment of the
I'm not sure.
Many times I've seen conservatives campaign against "government picking winners and losers," only to vote for taxpayer incentives for businesses because other states are doing it.
If only we had a
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