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Heritage Morning Bell - These Guys Use 'Small Business' to Get Their Way in Washington 


May 20, 2014


These Guys Use 'Small Business' to Get Their Way in Washington

Saying that something helps small businesses is a great way to gain public support for your cause. Except when it’s not true.

Take, for example, claims about the government-run Export-Import Bank, which subsidizes U.S. exports by providing discount loans to foreign governments and businesses to purchase American goods. According to bank Chairman Fred Hochberg: “Helping small businesses…grow and compete on the global stage is at the heart of the Bank’s mission.”

Boosting the fortunes of mom-and-pop businesses certainly sounds noble — and much more likely to win support from Congress. But the real beneficiaries aren’t exactly what most people would consider “small.”

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