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Why Should Boeing Get an Insane Amount of Tax Dollars From Ex-Im Bank?


Geee

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boeing-get-insane-amount-tax-dollars-ex-im-bankHeritage Foundation:

Two reports in recent days have focused on the fate of the Boeing Co. in the event Congress opts against reauthorization of the Export-Import Bank. Both Standard & Poor’s as well as the Government Accountability Office have effectively concluded that the aviation giant—Ex-Im’s biggest beneficiary by far—would manage just fine without taxpayer subsidies. The very same can be said of the other multinationals for which the vast majority of bank financing is arranged.

The extent to which Ex-Im caters to Boeing is staggering. As of March 2014, at least 28 percent ($32 billion) of Ex-Im’s total portfolio was devoted to financing wide-body jets. Last year alone, the bank authorized financing for the purchase of Boeing aircraft in 25 countries, including China, Russia, and the United Arab Emirates. Subsidies for air transport, in general, comprised more than 45 percent of all export subsidies in fiscal year2013.

Big as those numbers are, Ex-Im is only involved in a scant 2 percent of U.S. exports, which have hit record levels in recent years. That means Ex-Im subsidies equate to just a fraction of the overall revenues collected by its corporate clients. Simply put, they could easily absorb the loss of Ex-Im largesse.Scissors-32x32.png


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@Geee

 

No. Next question

This may be because AirBus gets so much support from Britain, but I think they can stand on their own.

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@Geee

 

No. Next question

This may be because AirBus gets so much support from Britain, but I think they can stand on their own.

 

 

 

The question is....Where does it end?

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