Republicans 'Poised to' Kill American Jobs & Ex-Im Bank
House Poised to Let Ex-Im Bank Charter Expire
…there's one thing the House is not expected to take up: reauthorization of the Export-Import Bank.
The bank is vilified by the most fiscally conservative members of the Republican Conference…Among the bank's critics are two of the three top House Republicans — Majority Leader Kevin McCarthy of California and Majority Whip Steve Scalise of Louisiana — as well as the influential former GOP vice presidential nominee, Ways and Means Chairman Paul D. Ryan of Wisconsin.
Speaker John A. Boehner…finds himself in something of a tough spot, wanting to support the bank's existence but not wanting to run afoul of the majority of a conference that has mobilized in opposition.
He's said if Rep. Jeb Hensarling, R-Texas, moves a reauthorization bill out of the Financial Services Committee, there would certainly be a floor vote. However, Hensarling is one of Congress's most vocal Ex-Im opponents, and he hasn't, and likely won't, move anything anytime soon, and certainly not in the remaining four days of this month the House is scheduled to be in session.
One of the principal reasons House Republicans are eager to let Ex-Im Bank expire, an influential archconservative group influential in the Republican Government Shutdown of 2013 has been threatening GOP members and urging them to kill the job-creating Bank. From POLITICO:
The Club for Growth is pumping $1 million into ads against House Republicans…as part of its all-out war against the Export-Import Bank.
The Club for Growth has also gone after Republican Study Committee Chairman Bill Flores of Texas in an ad buy that pushes Flores — who leads the conservative policy arm of House Republicans — to "join conservatives" and oppose Ex-Im, which the ads describe as a "failed federal agency."
Some House GOP Members have complained about the extremist group's tactics – with one Congressman describing them as "foolish." The truth: the job-creating Ex-Im Bank operates at no cost to taxpayers; has sustained 164,000 export-related American jobs last year; and has created or sustained 1.5 million private sector jobs since 2007.