Clinton calls for reauthorizing the Export-Import Bank
Democrat Hillary Clinton, promising to be “the small business President,” called for speedy reauthorization of the Export-Import Bank, which rival Bernie Sanders has opposed.
The U.S. credit agency supported about 2,400 jobs in New Hampshire since 2007 and assisted $29 million in exports last year, Clinton said Wednesday in remarks to “Politics & Eggs” at Saint Anselm College.
Authority for the bank lapsed on July 1 amid a congressional fight over fiscal policy. Some in Congress call it corporate cronyism. Sanders, opposing the bank as a U.S. senator from Vermont, has likened it to corporate welfare.
Clinton, at the start of a two-day campaign swing in New Hampshire, questioned how anyone could oppose it.
“You think it would be a no-brainer,” she said. “Republicans and Democrats have worked together on this for decades, and it actually returns a profit to the treasury. So it became a political football. Whether for ideological or political reasons, there are people in Washington against it, and that makes absolutely no sense.”
Clinton did not mention Sanders by name. The U.S. House voted Tuesday in favor of reauthorization. The Senate, which supported reauthorization as part of a different bill in July, now will consider it.
Sanders, in a statement in June after the Senate voted on an amendment for Ex-Im reauthorization, called for reforms to ensure job creation in the U.S.
“At a time when almost every major corporation in this country has shut down plants and outsourced millions of American jobs, we should not be providing corporate welfare to multi-national corporations through the Export-Import Bank,” Sanders said at the time. By that point, he and Clinton were both candidates for the Democratic nomination.
Clinton focused on economic issues during “Politics & Eggs,” the largest forum yet held for a presidential candidate. The forum is presented by The New England Council and the New Hampshire Institute of Politics & Political Library at St. Anselm College.
Sanders is one of the remaining big-name candidates who has yet to speak at “Politics & Eggs.”
Clinton said, if elected President, her mission would be to raise income levels for middle-class families and support small businesses.
She said she would push for increased access to start-up capital for businesses, and look into more reasonable licensing requirements state to state. “We need to help businesses get into new markets,” said Clinton, before touting the importance of the Export-Import Bank.
She spoke in favor of increasing the federal minimum hourly wage, making college education affordable, pay equity, and helping parents pay for quality child care.
Clinton on Wednesday spoke to the Carroll County Democratic Committee’s Grover Cleveland Dinner at the Attitash Mountain Resort in Bartlett.
Today she is scheduled speak at a forum at White Mountain Community College in Berlin at 12:30 p.m., before a “rural economy” roundtable at Littleton High School at 4:15 p.m.