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  • Commentary posted September 19, 2014 by Diane Katz The Latest Anti-Small-Business Effort to Stop Global Warming

    There is one policy arena in which President Obama definitely does not lead from behind: the imposition of costly and pointless environmental regulation. The president on Tuesday announced a crackdown on hydrofluorocarbons (HFCs), a group of coolants used in virtually every home, office, and automobile. Unless we discontinue their use, we are told, the oceans will…

  • Commentary posted September 8, 2014 by Diane Katz Export-Import Bank 'benefits' are grossly misrepresented

    Is it possible to eliminate a government subsidy or will the forces of corporate welfare inevitably prevail? That's the essence of the current debate over the Export-Import Bank, the fate of which must be settled by members of Congress upon their return to the Capitol next week. The obscure government agency dubbed “Ex-Im” funnels billions of dollars to foreign firms…

  • Commentary posted August 25, 2014 by Diane Katz Ex-Im Bank little more than corporate welfare

    Congress is debating the fate of the U.S. Export-Import Bank, an obscure government agency that funnels subsidies to foreign firms for the purchase of American exports. Proponents claim the bank aids small business, creates jobs and "levels the playing field" in global trade. In fact, Ex-Im does nothing of the kind, and Americans deserve to know the truth about what is…

  • Testimony posted August 7, 2014 by Diane Katz Mismanagement of Export-Import Bank Invites Fraud

    Testimony before the Committee on Oversight and Reform Subcommittee on Economic Growth, Job Creation and Regulatory Affairs United States House of Representatives July 29, 2014 Chairman Jordan, Ranking Member Cartwright, and Members of the Subcommittee, thank you for inviting me to testify this morning. My name is Diane Katz. I am a Research Fellow in Regulatory…

  • Commentary posted July 30, 2014 by Diane Katz Ex-Im Bank - A Conduit for Corporate Welfare

    The most successful lobbyists in the nation’s capital are masters of masquerading propaganda as fact. Repeat even outright falsehoods with a modicum of conviction, and they start to sound like truth. So be forewarned: claims about the manifold small-business benefits of the Export-Import Bank of the United States are simply fictitious. Until recently, few Americans had…

  • Commentary posted July 30, 2014 by Norbert J. Michel, Ph.D., Diane Katz Dodd-Frank an Unfinished Failure

    This month marks the 45th anniversary of man landing on the moon, and the fourth anniversary of the signing of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The two events couldn’t be more different. The moon landing was a rousing, tangible achievement that millions of people watched on TV. Dodd-Frank was an amorphous piece of legislation that failed to…

  • Commentary posted July 8, 2014 by Diane Katz Ex-Im Bank and the Bigger Fight Against Cronyism

    Few Americans know much about the Export-Import Bank, and yet this obscure government agency is currently the focus of intense debate in the nation's capital. So what gives? At the most practical level, lawmakers must decide whether to reauthorize Ex-Im's charter, which expires on Sept. 30. The bank provides taxpayer-subsidized financing to foreign firms so they can buy…

  • Commentary posted July 7, 2014 by Diane Katz Hey Ho, Hey Ho, The Export-Import Bank Must Go

    When the U.S. Chamber of Commerce aligns with a disciple of Fidel Castro and hires a working-class hero to lobby Congress, when a liberal economist like Paul Krugman sympathizes with the CEOs of Boeing, Bechtel, and General Electric, it is obviously not business as usual on Capitol Hill. Welcome to Ex-Im 2014. For those with lives beyond the Beltway, “Ex-Im” is…

  • Commentary posted June 16, 2014 by Diane Katz Export-Import Bank: Cronyism Threatens American Jobs Analysis

    The Export–Import Bank (Ex–Im) funnels billions of taxpayer dollars each year to overseas businesses for the purchase of American products. This subsidized financing is supposedly a win-win proposition for exporters and their customers abroad. But rare is a subsidy that does not produce disparity elsewhere. In the case of Ex–Im, the losers include domestic companies that…

  • Commentary posted June 6, 2014 by Diane Katz Kill the Export-Import Bank

    Rare is the issue that unites Michigan’s Democratic Sens. Carl Levin and Debbie Stabenow with their chamber’s most conservative members. But when federal subsidies to foreign firms threaten American jobs, lawmakers on both sides of the aisle find common cause—and rightly so. Taxpayers should not be financing overseas business ventures that undercut U.S. companies. The…

  • Issue Brief posted June 2, 2014 by Diane Katz Export–Import Bank: Cronyism Threatens American Jobs

    The Export–Import Bank (Ex–Im) funnels billions of taxpayer dollars each year to overseas businesses for the purchase of American products. This subsidized financing is supposedly a win-win proposition for exporters and their customers abroad. But rare is a subsidy that does not produce disparity elsewhere. In the case of Ex–Im, the losers include domestic companies that…

  • Commentary posted May 29, 2014 by Diane Katz Dodd-Frank and regulation gone rogue

    A bit of wisdom was actually uttered on Capitol Hill last week. The nation’s chief securities regulator told the House Committee on Financial Services that it was “extraordinarily important” for policymakers to “listen to the expertise” of professionals before running regulatory roughshod over industry. Unless her words are heeded, regulations spawned by the Dodd-Frank…

  • Issue Brief posted April 29, 2014 by Diane Katz The Export–Import Bank: A Government Outfit Mired in Mismanagement

    Advocates of the Export–Import Bank (Ex–Im) are lobbying Congress for reauthorization by claiming that its taxpayer-subsidized financing is a safe—and lucrative—investment. But even a mountain of rhetoric cannot bury the facts: The bank is beset by mismanagement, dysfunction, and risk, all of which have been documented for years by Ex–Im’s own inspector general and the…

  • Commentary posted April 21, 2014 by Diane Katz A case for ending corporate welfare

    Authorization for the Export-Import Bank expires Sept. 30, and Congress must decide whether to renew the charter of the taxpayer-funded outfit. Proponents claim that “Ex-Im” is needed to fill gaps in private financing, which might sound plausible if not for the roster of monster corporations that pocket most of the subsidies. That list includes: • Boeing, the world’s…

  • Issue Brief posted April 11, 2014 by Diane Katz U.S. Export–Import Bank: Corporate Welfare on the Backs of Taxpayers

    Congress will soon debate the fate of the U.S. Export–Import Bank (Ex–Im), which doles out financing to favored corporations and credit to foreign governments. Proponents claim that such taxpayer bankrolling creates jobs and fills “gaps” in private financing.[1] In fact, the bank is a conduit for corporate welfare beset by unreliable risk management, inefficiency, and…