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Heritage Foundation on Free Trade

 

 


Ex-Im Bank is a slush fund for corporate welfare

The U.S. Export-Import Bank is little more than a slush fund for corporate welfare, and taxpayers are currently on the hook for $140 billion. Those taxpayers subsidies benefit massive corporations like Boeing, GE and Caterpillar and state-run companies in countries like China, Mexico and Saudi Arabia, but don't result in the creation of new American jobs. There are 31 open corruption and fraud investigations into the bank. Heritage Action opposes any reauthorization of the bank, which is set to expire on June 30, 2015.

Heritage Action recommends voting YES on killing the Kirk Amendment: a motion to table (i.e. kill) an amendment introduced by Sen. Mark Kirk (R-IL) to reauthorize the Export-Import Bank.

Source: Heritage Action 2015-16 voting recommendation on Ex-Im Bank , May 1, 2015

Trade barriers blame other countries but don't help recovery

    Recommendations on trade policy:
  1. Resist pressure to erect new trade barriers. Facing persistently high unemployment and a stagnant economy, some politicians may attempt to blame other countries for these problems and demand higher tariffs. However, raising trade barriers will not help our economic recovery any better today than it did in 1930.
  2. Unilaterally reduce US trade barriers whenever possible. Programs should be expanded to include more categories of imports and extended on a long-term basis.
  3. Eliminate trade-distorting agricultural subsidies. U.S. farmers and livestock producers increasingly rely on access to fast-growing foreign markets. Decisions about what crops to plant and what livestock to raise should be made by farmers, not legislators. Barriers to imported agricultural products should be eliminated along with government subsidies that distort agricultural production.
Source: 2012 campaign website CandidateBriefing.com , Nov 1, 2012

Pursue NAFTA, WTO, TPP, and others

Source: 2012 campaign website CandidateBriefing.com , Nov 1, 2012

OpEd: Sullied hawkish views for sake of Chinese money

In an April 23 cover story, the New Republic ran an inflammatory article about Chao and McConnell entitled "Sullied Heritage: The Decline of Principles Conservative Hostility to China." The venerable liberal monthly cast the piece as a case study of how two conservative stalwarts--the Heritage Foundation and Mitch McConnell--had sold their respective political souls by moderating their formerly hawkish views for the sake of Chinese money that the Chao family had steered their way. [Wife of Mitch McConnell and Secretary of Labor] Elaine Chao's father, a shipping magnate, has supposedly cultivated, and benefited from, a relationship with his former classmate Jiang Zemin, who rose to become China's leader. The piece made several serious suggestions of impropriety, but provided little factual support or outright accusations of any wrongdoing.
Source: Republican Leader, by John Dyche, p.153 , Sep 15, 2010

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Page last updated: Jan 09, 2017