House Leaders Pass Another Bill With Democrat Support

    House Leaders Pass Another Bill With Democrat Support

    Evidently, the fact that Republicans “only” control the House necessitates that they pass bills with Democrats support.  Once again, House leaders passed a bill through the House with only a majority of Democrat support. As we noted yesterday, the Overseas Private Investment Corporation is a corporate welfare bank to subsidize foreign investment.  106 Republicans voted for it while 116 voted against it.  This is yet | Read More »

    House Rams Through Another Corporate Welfare Bill

    House Rams Through Another Corporate Welfare Bill

    We already have the Ex-Im bank, which ostensibly subsidizes foreign countries – often unfriendly ones – to purchase products sold by specific domestic companies.  But even as conservatives seek to abolish it, the House is sneaking through reauthorization of its sister agency – Overseas Private Investment Corporation (OPIC) – under suspension.  OPIC is in some sense the rear-view image of Ex-Im in that it subsidizes | Read More »