Allen: Reagan’s Ex-Im Bank reforms still paying dividends

The lender that reaped $1 billion in 2013 deserves reauthorization
By George Allen
The Washington Times
Friday, May 23, 2014

President Reagan was one of our country’s greatest leaders because he valued fair opportunities for the American people over political manipulations that waste taxpayer money.

The “Great Communicator” listened and connected with Americans and then acted in the best interest of our nation. This is why Reagan and presidents from both parties have shown strong support for the Export-Import (Ex-Im) Bank. The Ex-Im Bank’s charter has been reauthorized every term since its inception in 1934.

However, I won’t claim that the Ex-Im Bank has always been a flawless federal agency. In fact, Reagan was a scrutinizing supporter. From the start, he called for major reforms and instilled discipline and budget transparency. Limits were imposed upon the Ex-Im Bank, and subsidies were significantly cut. Those changes have helped to make the Ex-Im Bank self-sustaining today. The Ex-Im Bank not only does not receive or need taxpayer subsidies, but it also turned a $1 billion profit in 2013.

Working with Congress, Reagan fought for structural changes that eventually made the Ex-Im Bank a stronger and more fiscally sound institution. Years later, he reaffirmed his support for its mission to help American workers and families, small businesses and manufacturers and taxpayers, while growing and strengthening the U.S. economy.

On the Ex-Im Bank’s 50th anniversary in 1984, Reagan signed a letter praising the agency for its accomplishments, declaring the United States the greatest trading nation in the world owing to a combination of talented Americans and a free-enterprise economy. However, he also noted, “We must all work together to encourage a greater competitive spirit on the part of American companies as we seek to meet the challenges of exporting today and in the years ahead.”

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Allen & Lincoln: Let’s Not Harmfully Politicize the Success of U.S. Businesses

By Former Senators George Allen (R-VA) and Blanche Lincoln (D-AR)
The Shopfloor – A Manufacturing Blog
May 5, 2014

In recent months, the reauthorization of the Export-Import (Ex-Im) Bank—a federal organization with longtime bipartisan support—has somehow found its way into the center of a politically fueled debate on international trade.

At the insistence of a few organizations that should know better, certain Republicans are digging in their heels against reauthorizing this important financial credit facility for small, medium and large U.S. businesses. For companies relying on the Ex-Im Bank, this is a very serious threat as the importance of global trade to advancing industry and job growth in the United States is becoming increasingly essential.

With improving productivity of U.S. industry and 95 percent of the world’s consumers living outside the United States, exports are more important than ever to American businesses, manufacturers and the overall strength of our nation’s economy, including hundreds of thousands of creative working American men and women. The ability to thrive in the global marketplace is no longer a luxury reserved for only large corporations; it is a vital operating strategy for the dedicated people who work in small and medium-sized businesses.

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Allen: Reauthorizing the Export-Import Bank is a no-brainer

By George Allen
The Washington Examiner
April 25, 2014

Today, exports are more important than ever to American businesses, manufacturers, and the overall strength of our nation’s economy. With 95 percent of the world’s consumers living outside the United States, many companies can be more successful if they are able to expand and thrive in the global marketplace.

With that in mind, it seems like an easy call to support reauthorization of the Export-Import Bank — one of the hottest topics in Washington right now.

The Ex-Im Bank is an independent federal organization that has historically enjoyed bipartisan support, as it has been highly successful in helping American companies export goods since 1934. In fact, just last year the bank facilitated $37 billion of exports, thereby bolstering about 205,000 U.S. jobs.

However, some Republican members of Congress have expressed hesitation in supporting this proven booster for private-sector U.S. jobs. While it has become easy to make a habit of criticizing policies of the current administration, this is an organization that is to be commended, not condemned. After all, what’s more Republican than an entity that spurs American business and jobs, while helping to reduce the federal deficit at no cost to taxpayers? That’s exactly what the Ex-Im Bank does, and American companies rely on it to survive in hypercompetitive foreign markets in which governments unfairly prop up and heavily subsidize their own nation’s companies.

I believe it’s important to remember that President Ronald Reagan supported the Ex-Im Bank. When Reagan signed the reauthorization in 1986, extending the bank’s charter for six years, he noted that it “sends an important signal to both our exporting community and foreign suppliers that American exporters will continue to be able to compete vigorously for business throughout the world.”

Reagan’s message still rings true today.

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Allen: Remembering the tax-reform lessons that Reagan taught

By George Allen
The Washington Times
February 24, 2014

These days we hear gloomy statements that no significant reforms can be accomplished by a lame-duck president in his sixth year in office with a partisan, divided House and Senate, in an election year.

Fortunately, there are a few goals both sides agree upon: We need to boost our underperforming economy, thereby creating more jobs. One solution should also be crystal clear: It’s time for a complete overhaul of our complicated, costly tax code.

It’s instructive to reflect on the United States’ last major successful tax simplification effort, the Tax Reform Act of 1986. President Reagan was in his sixth year as president, Republicans controlled the Senate and Democrats ruled the House.

It didn’t seem like an ideal time, but leadership in Washington joined together to improve opportunities for Americans by creating a simpler, fairer and more competitive tax code.

The United States experienced strong economic growth and prosperity in part as a result of a lower corporate-tax rate that allowed the nation to become more economically competitive with Western Europe and Japan.

A simplified, fairer code also made it easier for taxpayers and businesses to comply, reducing administrative costs and boosting confidence in the fairness of tax laws envisioned by Reagan.

Through the past 28 years, the U.S. tax system has been made more time consuming, confusing and onerous. The need for new, pro-growth comprehensive tax reform is greater now than in 1986.

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Issues & Audibles: Ed Gillespie for Senate

Today on Issues & Audibles on Andy Parks live from the Washington Times, I was happy to announce Susan and my endorsement of Ed Gillespie to be Virginia’s next United States Senator!

It is past time to unleash American ingenuity, creativity and energy. America is not reaching its full potential because of government impediments and policies that hinder growth. That is why Susan and I are glad that our longtime trusted friend and neighbor Ed Gillespie is running for the U.S. Senate.

Susan and I are confident that Ed will run a courteous, issues-oriented campaign, and as Senator he will work to improve opportunities for Virginians with tax, regulatory and energy policies that foster job growth, encourage innovation and allow hardworking people to keep more of what they earn. We know Ed will earnestly work to make sure every person has an equal opportunity to compete and succeed and help get our country confidently moving in the right direction.

Whether it is a more vibrant economy, personal control of health care, affordable energy, or national defense, Susan and I are certain Ed will vote the best way for Virginia and America. That is why we are endorsing Ed and respectfully ask our fellow Virginians to unite for Ed’s campaign for a better future.

Tune in on Thursday at 11:44 am to 1260-AM in the D.C. area, or at Washington Times Radio, to hear “Issues & Audibles w/ George Allen” on Andy Parks Live from the Washington Times. Click here to hear this week’s edition.

Issues & Audibles – Super Bowl Picks

On “Issues & Audibles” today, Andy and I discussed the great news for Barbara Comstock with State Senator Dick Black dropping out of the 10th District Congressional race to keep his vital seat in the evenly split State Senate. Del. Comstock will now be better able to save money and attract more voters to her unifying campaign. Meanwhile, for a change, the Democrats will have an intense 4-way intra-squad nomination contest.

In the lead by 2 over Ann, with only one more game to go, after going 6-0 over the past 2 weeks, I have 58, Ann has 56 and Andy has 46. For the Super Bowl, Andy and I preliminarily pick the Denver Broncos, and Ann is picking Seattle.

Tune in on Thursday at 11:44 am to 1260-AM in the D.C. area, or at Washington Times Radio, to hear “Issues & Audibles w/ George Allen” on Andy Parks Live from the Washington Times. Click here to hear this week’s edition.

Issues & Audibles – Championship Weekend, 2014 Campaigns in Northern Virginia

On this week’s edition of “Issues & Audibles”, Andy and I discussed the three big Congressional races in Northern Virginia this year. There are some good potential Republican candidates in the tough, open 8th District (Jim Moran announced his retirement this week), and Barbara Comstock is picking up important endorsements in the open 10th. Also, Suzanne Scholte – a strong, recognized, energetic leader for promoting freedom abroad and here – is moving forward to serve the people in the 11th Congressional District.

We also discussed two proposals in the General Assembly: one would legalize real fireworks here in Virginia – which I favor for fun, jobs and revenues; and a nanny bill, which thankfully was defeated, would have made seatbelt enforcement a primary offense. Finally, I don’t think any of Governor McAuliffe’s proposed gun restrictions will get much traction in the General Assembly, but it’s important that we citizens let our elected representatives know what we think about these and other issues.

Heading into Championship Weekend, having gone 4-0 last week, I’m in the lead with 56, Ann is in a close second at 54 and Andy has 48 46. Here are our picks for this weekend’s great conference championship games.

AndyParks Show Week Championship Picks

 

 

 

 

 

 

Tune in on Thursday at 11:44 am to 1260-AM in the D.C. area, or at Washington Times Radio, to hear “Issues & Audibles w/ George Allen” on Andy Parks Live from the Washington Times. Click here to hear this week’s edition.

Issues & Audibles – Playoffs and New Leadership

On yesterday’s episode of “Issues & Audibles”, Andy and I discussed the Redskin’s new head coach, Jay Gruden. He will bring passion and energy to motivate and prepare his players. We also discussed Barbara Comstock’s positive candidacy for the 10th District Congressional seat. With the right ideas, a strong record of leadership for her constituents, and the common sense conservative credentials to win, Susan and I fully support her! Then, we discussed the deteriorating situation in Iraq.

Finally, we ran through the upcoming General Assembly session, which will focus on ethics reform to rebuild confidence in the integrity of Virginia governance and restore the trust of Virginians. Mental health services and Medicaid reform will also likely be addressed.

Heading into the Divisional games, I’m in the lead with 52, Ann is in a close second at 51 and Andy still in range at 45. Here are our picks for this weekend’s playoff games.

AndyParks Show Week Divisional Picks

 

 

 

 

 

 

 

 

 

Tune in on Thursday at 11:44 am to 1260-AM in the D.C. area, or at Washington Times Radio, to hear “Issues & Audibles w/ George Allen” on Andy Parks Live from the Washington Times. Click here to hear this week’s edition.

Issues & Audibles – Wild Card and National Championship picks

On today’s “Issues & Audibles”, Andy and I discussed security concerns at the upcoming Olympic games in Russia, and the need for cooperation between all nations’ counter-terrorism intelligence agencies. For example, the Russians warned us about the people responsible for the Boston Marathon bombings. I also forecasted a positive 2014 political landscape for Republicans, who can win elections with a positive, motivating message for personalized health savings accounts and more choice in health insurance rather than just saying what they’re against in Obamacare.

The scoreboard, heading into the playoffs, has me leading with 49, Ann in second place with 47 and Andy with 43 at the end of the regular season. Here are our Wild Card Week picks and the college championship game:

AndyParks Show Week Wild Card Picks

 

 

 

 

 

 

 

 

 

 

Tune in on Thursday at 11:44 am to 1260-AM in the D.C. area, or at Washington Times Radio, to hear “Issues & Audibles w/ George Allen” on Andy Parks Live from the Washington Times. Click here to hear this week’s edition.

Issues & Audibles – Week 16 and Comstock for Congress?

On today’s “Issues & Audibles”, Andy and I discussed the many good people who may be interested in running for the open 10th Congressional District seat, from which Frank Wolf has announced his retirement. The one person that I’ve heard the most positive enthusiasm for is Delegate Barbara Comstock. Her House district is made up of parts of Fairfax County and Loudoun County. She has proven her fundraising abilities, having gotten through a tough election this last year where she was targeted by many well funded, out-of-state groups. And she received 8% more votes than the top of the ticket this last election. Many people have told me over the last couple of days how excited they are at a prospective Comstock for Congress campaign! I also hope the 10th District Committee will choose a primary to select the nominee for this crucial, competitive seat. A primary is the best way to get more people involved.

AndyParks Show Week 16 Picks

 

 

 

 

 

 

 

 

 

 

 

After I went 0-5 last week, Ann has caught up and we are tied in first place with 42, ahead of Andy with 38. Here are our Week 16 picks:

Tune in every Thursday at 11:44 am to 1260-AM in Northern Virginia, or at Washington Times Radio, to hear “Issues & Audibles w/ George Allen” on Andy Parks Live from the Washington Times. Click here to hear this week’s edition.