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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