The Daily Signal’s Melissa Quinn looks into Boeing’s spin on the consequences of closing the Ex-Im Bank:Following reports that one of the Export-Import Bank’s biggest beneficiaries would move overseas if the agency’s charter expired, the leader of the House Financial Services Committee today spoke out against the claims, calling them a “bit of bluster.”
Speaking to reporters at a press conference on the Export-Import Bank today, House Financial Services Chairman Jeb Hensarling of Texas addressed claims from Boeing that the company would be forced to move business overseas if the agency is not reauthorized.
“I doubt I believe it,” Hensarling said. “I think, frankly, it’s a bit of bluster. I also know that I have lots of small businesses in the 5th District of Texas that manage to export without the benefits of Ex-Im, and they’re pretty ticked that their tax dollars are being called upon to finance their competitors.”
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Click here to see the background on where Boeing stands on the issues.