U.S. Senator Marco Rubio (R-FL) released a report titled “The World China Made: ‘Made in China 2025’ Nine Years Later,” which reviews the successes and failures of Communist China’s “Made in China 2025” industrial policy. It is the sequel to Rubio’s 2019 report titled...
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Rubio Opposes Transportation Bill That Spends Too Much & Revives Crony Capitalist Ex-Im Bank
Washington, D.C. – U.S. Senator Marco Rubio (R-FL) issued the following statement regarding his vote tonight against The Fixing America’s Surface Transportation (FAST) Act, which includes the reauthorization of the Export-Import Bank:
“Modernizing our nation’s infrastructure is necessary in order to have a 21st century economy. But having a 21st century infrastructure doesn’t mean simply spending money, it means empowering states with greater autonomy to prioritize the infrastructure needs of their communities, as Senator Mike Lee has proposed (Transportation Empowerment Act). I do not support the FAST Act because it spends too much, preserves Washington’s power in picking winners and losers in transportation funding, and even revives the crony capitalist Export-Import Bank.
“The Export-Import Bank’s revival in this bill is especially offensive to taxpayers who want to end corporate welfare handouts and let the free market finance overseas investments by American companies. The time and effort that both parties in Washington have put into reviving the Export-Import Bank is just another example of how out of touch our federal government has become. Our work to end the Export-Import Bank will continue, and we will succeed.”