South Carolina’s top Republicans are all signing on for reauthorization of the Export-Import Bank, breaking with the “conservative” wing of their party in the U.S. House:
Governor Haley, Senators Graham and Scott Support Ex-Im Bank Reauthorization
WASHINGTON – South Carolina Governor Nikki Haley and U.S. Senators Lindsey Graham and Tim Scott have written to congressional leaders in the House of Representatives and Senate expressing support for the reauthorization of the Export-Import Bank.
“As elected officials from a state where thousands of hardworking families benefit from exports, we urge you to reauthorize the Export-Import Bank (Ex-Im) before its charter expires this year,” wrote Haley, Graham and Scott. “As the official export credit agency of the United States, Ex-Im is a vital export finance tool to the businesses in our state – at no cost to American taxpayers.
“Ex-Im allows South Carolina businesses to compete globally on a level playing field. Without Ex-Im our local businesses would be forced into a global market with foreign competitors that receive extensive support from their own export credit programs. Allowing Ex-Im to expire will deliberately disadvantage American businesses and lead to increased unemployment.”
This shouldn’t be surprising, for two reasons:
- The Ex-Im Bank is hugely important to Boeing, which is in turn hugely important to SC politicos.
- The GOP sentiment for shutting it down seems pretty much confined to the extreme wing in the House, and outside advocacy groups. Senate Republicans are broadly supporting reauthorization.