House Financial Services Committee Chairman Jeb Hensarling is “completely wrong” in opposing renewal of the U.S. Export-Import Bank’s charter, National Association of Manufacturers President Jay Timmons said.
U.S. manufacturers, who could face higher tax bills from a revenue-neutral overhaul of the corporate tax code, are calling for Congress to reject the principle that the business tax burden should remain the same.
The Republican victories in Congress mean U.S. companies from Goldman Sachs Group Inc . to WellPoint Inc . may be able to weaken or block what they consider President Barack Obama ’s anti-business policies on health care, the environment, taxes and financial reform.