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Tammy Duckworth on Free Trade

 

 


Yes to Ex-im bank; Yes to fast-track

Source: Ballotpedia.org coverage of 2016 Illinois Senate race , Oct 27, 2015

$25B more loans from Export-Import Bank.

Duckworth co-sponsored H.R.1031 & S.824

This bill raises the cap on outstanding loans, guarantees, and insurance of the Export-Import Bank of the United States for FY2015-FY2022 and afterwards. The Bank shall:

Opponents reasons for voting NAY: (Washington Examiner, 12/2/12): The Export-Import Bank is a taxpayer-backed agency that finances U.S. exports, primarily though loan guarantees. You'd think the bank would spread the money around to nurture up-and-coming businesses. You'd be wrong, very wrong. In fact, 83% of its taxpayer-backed loan guarantees in 2012 went to just one exporter: Boeing. Welcome to the "New Economic Patriotism," where the big get bigger and taxpayers bear the risk. Ex-Im is at the heart of Obama's National Export Initiative and is a pillar of the economic patriotism that Obama pledged in a second term. When government hands out more money, the guys with the best lobbyists and the closest ties to power will disproportionately get their hands on that money. Obama has spent four years pushing more subsidies, more bailouts and more regulations. "New Economic Patriotism" basically amounts to a national industrial policy -- Washington championing certain major domestic companies and industries, as if the global economy were an Olympic competition.

Source: Promoting U.S. Jobs Through Exports Act 15-HR1031 on Feb 24, 2015

Other candidates on Free Trade: Tammy Duckworth on other issues:
IL Gubernatorial:
Ameya Pawar
Bruce Rauner
Chris Kennedy
Daniel Biss
J.B. Pritzker
Pat Quinn
IL Senatorial:
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Jim Oberweis
Richard Durbin
Sharon Hansen

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