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.
Two top U.S. business lobbies are preparing to publicly break with President Barack Obama over the prospects of more sanctions against Russia after months of quietly raising their objections with the White House.
Two top U.S. business lobbies plan to publicly break with President Barack Obama over imposing more sanctions on Russia because of the crisis in Ukraine after the White House rebuffed their objections.
Representative Kevin McCarthy, the incoming House majority leader, gave momentum to conservatives hoping to eliminate the U.S. Export-Import Bank by saying he supports allowing its authority and charter to expire.
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.